Industry revenue of “school and employee bus transportation“ in the U.S. 2011-2023

School bus transportation is by far the largest transportation system in the U.S. with nearly half a million buses transporting more than half of the total K-12 public school students every day. In fact, the total number of buses in all schools combined is more than three times the combined total of all other forms of mass transportation. This vast network of buses is the industry’s primary driver, with the trend expected to continue over the short to medium term as well.

Increase in employment to drive the industry revenue

The decline in unemployment rate during 2010-2017 also had a positive impact on the employee transportation service market. In addition, the increase in government initiatives to promote public transport as a means of reducing traffic congestion and pollution is also expected to motivate more employees to use company transport buses rather driving their own. In fact, compared to 2017, when around 5% of the surveyed respondents opted for public transport, the share almost doubled to 10% in the latest survey made in February 2019 .

Ridesharing services on the rise

Ride sharing and carpooling services are gaining momentum in the U.S. transportation sector primarily due to mobile internet penetration, convenience and cost effectiveness. Between 2015 and 2018, more than double the number of people availed ride sharing services. This has led to an increase in the annual revenues for key service providers such as Uber and Lyft in the last few years.
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Industry revenue of “school and employee bus transportation“ in the U.S. from 2011 to 2023
(in billion U.S. Dollars)
Revenue in billion U.S. Dollars
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