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Global School Bus Market 2019-2023 | Increase in Number of School Enrollments to Boost the Market | Technavio

May 23, 2019
Technavio has published a new market research report on the global school bus market from 2019-2023. (Graphic: Business Wire)
Technavio has published a new market research report on the global school bus market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 23, 2019--

A new market research study by Technavio on the global school bus market projects the market to grow at a CAGR of more than 2% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190523005442/en/

Technavio has published a new market research report on the global school bus market from 2019-2023. (Graphic: Business Wire)

Increase in number of school enrollments

The increasing global population, especially in countries such as China and India, has led to a rise in the number of children enrolling in schools. This is resulting in the increased demand for a large number of schools and adequate infrastructure about the education industry, which includes transportation and other amenities. Thus, the growing number of school enrollments will increase the demand for school buses, which will fuel the market growth during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technological innovations

To ensure the effectivity of school buses, vendors in the market are increasingly focusing on bringing new technologies. For instance, the market recently witnessed the introduction of passenger management systems which helps in monitoring both the school children and the vehicle. Vendors have also launched technological platforms that provide vehicle diagnostics on a real-time basis which enhances the reliability of the vehicle. The introduction of such innovations is likely to create a positive impact on the global school bus market during the forecast period.

According to a senior analyst at Technavio for automobiles, “Governments across the world are increasingly taking initiatives to promote electric buses, which is encouraging major OEMs to venture in the electric bus segment. These measures are mainly introduced with a focus on reducing emissions from diesel and gasoline. This shift towards electric school bus is expected to be a positive trend during the forecast period.”

Lack of adequate charging infrastructure

Over the last decade, the concept of electric vehicles has spread its applications from only passenger vehicles and two-wheelers to various other segments such as light and heavy commercial vehicles. However, there is no adequate charging infrastructure in many potential markets, which is acting as a hindrance for the growth of the electric bus market. Thus, the focus toward building charging infrastructure is needed to make public and private enterprises adopt electric vehicles. It is expected that the initiatives and measures by governments to improve charging infrastructure will increase in the years to come, which will positively impact the market growth.

Top players in the global school bus market:

Some of the key topics covered in the global school bus market include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005442/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE PERFORMANCE & SPECIAL INTEREST

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/23/2019 11:05 AM/DISC: 05/23/2019 11:05 AM

http://www.businesswire.com/news/home/20190523005442/en

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