Key Takeaways
- Global bus market size reached USD 50.6 billion in 2022
- U.S. bus transit industry generated $81.5 billion in economic activity in 2021
- China bus market projected to grow at 7.2% CAGR from 2023-2030
- U.S. bus fleet numbered 70,000 transit buses in 2022
- Global bus fleet over 5 million vehicles in 2023
- China had 450,000 public buses in 2022
- U.S. unlinked passenger trips 4.7 billion on buses 2022
- Global bus passengers 40 billion annually pre-COVID
- Europe bus ridership 50 billion passenger-km 2022
- U.S. bus industry supports 400,000 jobs in 2021
- Global bus manufacturing employs 2 million workers 2023
- China bus sector GDP contribution 1.5% 2022
- Global electric bus adoption reduces CO2 by 1.5 million tons yearly 2023
- U.S. transit buses emit 40 million metric tons CO2 annually 2022
- Europe buses 10% of urban transport emissions 2023
The global bus industry generates massive economic value while transporting billions of people and shifting toward electric vehicles.
Economic Impact
Economic Impact Interpretation
Fleet & Operations
Fleet & Operations Interpretation
Market Size & Growth
Market Size & Growth Interpretation
Ridership & Passengers
Ridership & Passengers Interpretation
Sustainability & Environment
Sustainability & Environment Interpretation
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