$13.5bn
$XXX.Xm
203k
8,715
$X.Xbn
The industry provides transportation for students and faculty to and from school or other locations. According to the National Center for Education Statistics (NCES), the majority of total funding for elementary and secondary schools is provided by states and local governments, which are required to keep a balanced budget. When this budget is tight, schools nationwide make hard choices, including consolidated bus routes. The industry struggled to adjust to school closures and remote class schedules caused by the COVID-19 pandemic. As the pandemic spread globally and across the United States, many states enacted school closures, workforce cutting and budgetary constraints. In addition, the Russia-Ukraine conflict led to higher fuel costs, affecting school bus companies' operating costs and making bus services less affordable and particularly unstable for profit. Public School Bus Services industry revenue has contracted at a CAGR of 2.6% over the past five years. It is expected to total $13.5 billion in 2024 when revenue will fall by an estimated 3.4%.
Industry revenue has declined at a CAGR of 2.6 % over the past five years, to reach an estimated $13.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Firstgroup Plc | 2,180.4 | 183.0 | 8.4 | |
National Express Group Plc | 1,331.1 | 76.0 | 5.7 | |
Student Transportation Inc. | 534.7 | 19.5 | 3.6 |
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Industry revenue is measured across several distinct product and services lines, including School busing for public schools, Employee bus services and School busing for private schools. School busing for public schools is the largest segment of the Public School Bus Services in the US.
School busing for public schools is the industry's largest service
This industry includes companies that primarily provide bus services to students in grades K-12 and school employees. School buses transport students to and from school, as well as between school events, field trips, camps and other educational events. Companies also provide transportation for school employees to and from work.
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NAICS 48541 - Public School Bus Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The challenges posed by the COVID-19 pandemic have been hard to overcome. School closures and remote classes significantly reduced the number of students who needed transport...
Learn about an industry's products and services, markets and trends in international trade.
Public schools generate the majority of the industry’s revenue. Busing service is provided by the school district or local government, typically for students who reside beyon...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Large metropolitan areas with high population densities have a large number of establishments. These areas attract bus services because of the high number of school-age child...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented with a small number of large companies dominating the market. The top three major bus companies account for over one-third of industry reven...
Learn about the performance of the top companies in the industry.
The top four companies have a high market share. This was attained through strategic purchases and acquisitions of many prominent and local public bus companies.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies operating in the industry are subject to various federal, state and local regulations and laws. Most requirements and legislative measures focus on passenger and dr...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry is very labor-intensive. The most significant portion of the industry's cost is accounted for by wages paid to bus drivers and other employees.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Public School Bus Services in the US industry in United States is $13.5bn in 2024.
There are 8,715 businesses in the Public School Bus Services in the US industry in United States, which has declined at a CAGR of 2.4 % between 2019 and 2024.
The market size of the Public School Bus Services in the US industry in United States has been declining at a CAGR of 2.6 % between 2019 and 2024.
Over the next five years, the Public School Bus Services in the US industry in United States is expected to grow.
The biggest companies operating in the Public School Bus Services market in United States are Firstgroup Plc, National Express Group Plc and Student Transportation Inc.
Providing home-to-school bus transportation for students and Providing bus transportation for extracurricular activities are part of the Public School Bus Services in the US industry.
The company holding the most market share in United States is Firstgroup Plc.
The level of competition is moderate and increasing in the Public School Bus Services in the US industry in United States.