Bus Transportation Services
Description
Companies in this industry transport passengers by bus. Major companies include First Student, Greyhound, and Transdev (all are US-based divisions of FirstGroup); as well as Andhra Pradesh State Road Transport (India); ComfortDelGro (Singapore); FirstGroup, National Express, and Stagecoach (all based in the UK); Nobina (Sweden); and Transport International Holdings (Hong Kong).
Worldwide demand for bus transportation is driven by population growth. The global population is expected to reach about 10 billion in mid-2080, according to the United Nations Department of Economic and Social Affairs (UNDESA). Most of the growth is expected to occur in urban areas in developing economies.
The US bus transportation industry includes about 10,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $26 billion. Key growth drivers include increases in population density and employment levels.
COMPETITIVE LANDSCAPE
Demand depends mainly on the demographic makeup and growth of the local population. The profitability of individual companies depends on efficient operations. Large companies can have advantages in buying fuel and in maintaining fleets. Small companies can compete by providing specialized services. The urban, school, interurban and rural bus transportation segments are highly concentrated. The charter and special needs transportation segments are fragmented.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major types of services include paratransit and special needs transportation (about 70%) and local passenger transportation by road (about 25%).
Companies in all sectors of the industry acquire buses, hire and train drivers, and operate maintenance facilities. School and urban bus companies pick up and discharge passengers along routes and according to schedules determined by contract customers, such as school districts and municipalities. Besides buses, drivers' pay and fuel are significant costs for bus operators. Both commercial bus drivers and school bus drivers must have a commercial driver's license (CDL). Most buses run on diesel fuel, but a growing number run on hybrid systems (diesel-electric, gasoline-electric) or use alternative fuels (primarily compressed or liquefied natural gas), Biofuels and propane are also used to power some buses, and all-electric buses are increasingly popular.
Most buses are type "C," for conventional, or type "D," referred to as transit-style, and seat up to 90 passengers. Type "A" buses are smaller, and typically used for paratransit services. These buses seat up to 30 passengers. Type "C" and "D" buses have an effective life of 12 to 15 years. Type "A" buses last 8 to 10 years. The average cost of a new bus ranges from $400,000 to $500,000, according to the Molecular Diversity Preservation International.
Worldwide demand for bus transportation is driven by population growth. The global population is expected to reach about 10 billion in mid-2080, according to the United Nations Department of Economic and Social Affairs (UNDESA). Most of the growth is expected to occur in urban areas in developing economies.
The US bus transportation industry includes about 10,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $26 billion. Key growth drivers include increases in population density and employment levels.
COMPETITIVE LANDSCAPE
Demand depends mainly on the demographic makeup and growth of the local population. The profitability of individual companies depends on efficient operations. Large companies can have advantages in buying fuel and in maintaining fleets. Small companies can compete by providing specialized services. The urban, school, interurban and rural bus transportation segments are highly concentrated. The charter and special needs transportation segments are fragmented.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major types of services include paratransit and special needs transportation (about 70%) and local passenger transportation by road (about 25%).
Companies in all sectors of the industry acquire buses, hire and train drivers, and operate maintenance facilities. School and urban bus companies pick up and discharge passengers along routes and according to schedules determined by contract customers, such as school districts and municipalities. Besides buses, drivers' pay and fuel are significant costs for bus operators. Both commercial bus drivers and school bus drivers must have a commercial driver's license (CDL). Most buses run on diesel fuel, but a growing number run on hybrid systems (diesel-electric, gasoline-electric) or use alternative fuels (primarily compressed or liquefied natural gas), Biofuels and propane are also used to power some buses, and all-electric buses are increasingly popular.
Most buses are type "C," for conventional, or type "D," referred to as transit-style, and seat up to 90 passengers. Type "A" buses are smaller, and typically used for paratransit services. These buses seat up to 30 passengers. Type "C" and "D" buses have an effective life of 12 to 15 years. Type "A" buses last 8 to 10 years. The average cost of a new bus ranges from $400,000 to $500,000, according to the Molecular Diversity Preservation International.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
