Top School Bus Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the School Bus Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading School Bus industry players.

School Bus Market Competitive Landscape

In 2024, the global school bus industry remains highly competitive, with both traditional players and new entrants focusing on advancements in sustainability, electrification, and technological innovations. Leading players such as Forest River, Collins Bus Corporation, and Blue Bird Corporation continue to dominate, leveraging their established distribution channels and expertise in manufacturing traditional and electric buses. The competitive landscape has been marked by several strategic mergers and acquisitions, such as the sale of Collins Bus Corporation from REV Group to Forest River and the strategic partnership between Lion Electric and Thomas Built Buses to advance electric vehicle (EV) school buses.

Innovation is central to the competitive dynamics of this market, as traditional bus manufacturers pivot toward electric school buses, driven by government policies on reducing carbon emissions. Companies like IC Bus and Volvo Buses are actively investing in electric bus technology, while Lion Electric stands out as a pioneer in the electric school bus segment. This market is also seeing increasing interest from startups that bring fresh approaches to clean transportation solutions for school districts.

  • GreenBus (Founded: 2019): GreenBus focuses on developing electric school buses that promise to be both environmentally friendly and cost-effective. The company's goal is to reduce the carbon footprint of school transportation while addressing rising fuel and maintenance costs. GreenBus aims to replace diesel-powered buses with electric alternatives, leveraging cutting-edge battery technology and a user-friendly charging infrastructure.
  • BusPlus (Founded: 2021): BusPlus is committed to creating sustainable and connected school buses, integrating AI and IoT technologies to ensure safe and efficient school transportation. The startup is focused on providing smart, real-time route optimization and monitoring for school districts. With a focus on technology integration, BusPlus is transforming the way school transportation is managed by offering intelligent, real-time updates to parents and administrators through its app.

Top Player’s Company Profile

  • Mobico Group
  • Stagecoach Group
  • REV Group
  • Forest River
  • Collins Bus Corporation
  • Trans Tech Bus
  • Blue Bird Corporation
  • Thomas Built Buses
  • IC Bus
  • Lion Electric
  • Volvo Buses
  • Ebus

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Global School Bus Market size was valued at USD 11.45 Billion in 2024 and is poised to grow from USD 12.13 Billion in 2025 to USD 19.34 Billion by 2033, growing at a CAGR of 6% during the forecast period (2026–2033).

In 2024, the global school bus industry remains highly competitive, with both traditional players and new entrants focusing on advancements in sustainability, electrification, and technological innovations. Leading players such as Forest River, Collins Bus Corporation, and Blue Bird Corporation continue to dominate, leveraging their established distribution channels and expertise in manufacturing traditional and electric buses. The competitive landscape has been marked by several strategic mergers and acquisitions, such as the sale of Collins Bus Corporation from REV Group to Forest River and the strategic partnership between Lion Electric and Thomas Built Buses to advance electric vehicle (EV) school buses. 'Lion Electric Company (Canada) ', 'GreenPower Motor Company Inc. (Canada) ', 'Yutong Bus Co., Ltd. (China) ', 'Zhongtong Bus Holding Co., Ltd. (China) ', 'Tata Motors Limited (India) ', 'Ashok Leyland Limited (India) ', 'Eicher Motors Limited (India) ', 'Anhui Ankai Automobile Co., Ltd. (China) ', 'King Long United Automotive Industry Co., Ltd. (China) ', 'BYD Company Limited (China) ', 'NFI Group Inc. (Canada) ', 'AB Volvo (Sweden) ', 'MAN Truck & Bus SE (Germany) ', 'Hino Motors, Ltd. (Japan) ', 'Isuzu Motors Ltd. (Japan) ', 'Mitsubishi Fuso Truck and Bus Corporation (Japan) ', 'Toyota Motor Corporation (Japan) ', 'General Motors Company (United States)'

Governments and educational institutions worldwide are enforcing stricter safety standards for school transportation, including features like GPS tracking, CCTV surveillance, and smart safety belts. This regulatory push has led to increased replacement of older fleets with modern, safety-compliant school buses, boosting market demand.

Integration of Telematics and Fleet Management Systems: Modern school buses are being equipped with telematics solutions that provide real-time data on vehicle location, driver behavior, fuel usage, and maintenance status. These smart systems allow school districts to monitor fleet operations more efficiently, improve route planning, reduce fuel consumption, and ensure student safety. Parents are also increasingly demanding mobile apps that track bus arrivals and departures, pushing for further digital transformation in school transport services.

As per regional forecast, North America remains the dominant region in the school bus market due to the size and well-established infrastructure of the school transportation systems in the U.S. and Canada. The push for electric buses is particularly strong in the U.S., with numerous state and federal programs aimed at funding the transition from traditional diesel-powered buses to electric ones.

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Global School Bus Market
School Bus Market

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