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Public School Bus Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Public School Bus Services Market Research Report | NAICS 48541 | Nov 2013

Bus route: Increased outsourcing of bus services will continue to fuel industry growth

IBISWorld’s Public School Bus Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 08-13
0.4%
Annual Growth 13-18
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Profit
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Employment
229,182
Businesses
10,056
Industry Analysis & Industry Trends

The continuing trend among school districts to outsource their school bus services, given a lack of state and local funding for public schools, has propelled revenue growth. School districts that traditionally provided their own bussing have increasingly turned to industry operators to provide cost-effective transportation programs for schools. However, the industry has encountered challenges with regard to school boards eliminating bus routes, in addition to rising fuel costs, which caused revenue to contract. Nevertheless, in the five years to 2018 revenue will accelerate, given that demand for privatized industry school bus services is expected to strengthen, as school districts face escalating budget cuts caused by reduced state and local funding... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Public School Bus Services industry is in the mature phase of its industry life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to rise at an annualized rate of 2.1% over the 10 years to 2018. This falls in line with projected GDP growth of 2.1% over the same 10-year period. As states wrestle with cuts to public education for K-12 schools, a greater number of school districts have turned to the private sector, including industry companies, to provide lower-cost transportation for schools. Over the past decade, privatization of school bus services has become more commonplace; currently about one third of school districts outsource busing services to the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Public School Bus Services Industry?

This industry comprises companies that primarily provide bus services to students in grades K-12 and school employees. School buses transport students to and from school, as well as between school events, field trips, camps and other educational events.

Industry Products
Public school busing for high school studentsEmployee bus servicesSchool busing for private schoolsOther transportation and servicesPublic school busing for elementary and middle school students
 
Industry Activities
Student home-to-school bus transportation Extracurricular activities bus transportation Employee bus transportation


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