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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 | Oct 2015

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
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 10-15
-2.8%
Annual Growth 15-20
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Profit
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Employment
210,630
Businesses
9,338
Industry Analysis & Industry Trends

The continuing trend among school districts to outsource 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 busing have increasingly turned to industry operators to provide cost-effective transportation programs for schools. However, the industry has encountered challenges in regard to school boards eliminating bus routes, in addition to rising fuel costs, which caused revenue to contract. Nevertheless, in the five years to 2019 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 Analysis Chapter

Over the five years to 2015, revenue for the Public School Bus Services industry is expected to fall at an annualized rate of 2.8% to $9.5 billion, including a projected 6.4% drop in 2015. Though the economy continues to improve, state budgets have yet to fully recover from the sizable deficits accumulated during the recession. Since government funding is the sole source of income for public school districts, many were forced to reduce spending on student transportation services during the recession and the beginning of the recession's recovery. Consequently, the industry faltered over the past five years. The volatility in oil prices over the past five years also hurt industry profit... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Public School Bus Services Industry?

This industry includes 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. Companies also provide transportation for school employees to and from work.

Industry Products
School busing for public schoolsEmployee bus servicesSchool busing for private schoolsOther transportation and services
 
Industry Activities
Providing home-to-school bus transportation for studentsProviding bus transportation for extracurricular activitiesProviding bus transportation for employees


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