Scheduled and Charter Bus Services in the US
The Scheduled and Charter Bus Service industry offers a variety of passenger bus services, and the industry's segments have had varying levels of success over the past five years. While revenue for the overall industry increased over the five years to 2017, it is largely due to the strong performance of low-cost curbside services such as Megabus, due to the service's low ticket prices, fast travel time, convenient schedules and frequent departures. Nonetheless, revenue was supported by rising levels of per capita disposable income, increased leisure time and a rising urban population. Over the five years to 2022, the industry is expected to continue expanding, as expected growth in disposable income, school and public sector organization funding and business profit will boost demand for diverse charter bus services, while curbside services are also expected to grow in popularity.
Operators in the Scheduled and Charter Bus Services provide scheduled and charter bus transportation services. Scheduled buses provide intercity, rural and other long distance transport services on regular routes and schedules. Conversely, charter bus services are contracted out on an as-needed basis. This industry does not include urban public bus transport (IBISWorld report 48511) or school and employee commuter bus transport services (IBISWorld report 48541).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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