Scheduled and Charter Bus Services in the US
The Scheduled and Charter Bus Services industry offers a variety of passenger bus services. The industry's segments have had varying levels of success over the five years to 2019. Charter bus companies have grown over the past five years as rising disposable income, school budgets and business profit increased demand for this industry segment's services. However, the long-term decline of traditional scheduled bus services has continued because these operators are incapable of successfully competing with more convenient alternative forms of transportation. The industry is expected to continue growing over the five years to 2024. Charter bus company revenue is expected to continue to expand as projected growth in disposable income, school and public sector organization funding and business profit boost demand for diverse charter bus services. While demand for traditional scheduled bus services is expected to continue its fall, the popularity of curbside services is expected to expand further.
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 (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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