Curb appeal: The popularity of curbside services is expected to aid revenue growth

The Scheduled and Charter Bus Service industry offers a variety of passenger bus services, and the industry's segments have had varying levels of success over the past five years. While revenue for the overall industry increased over the five years to 2017, it is largely due to the strong performance of low-cost curbside services such as Megabus, due to the service's low ticket prices, fast travel time, convenient schedules and frequent departures. Nonetheless, revenue was supported by rising levels of per capita disposable income, increased leisure time and a rising urban population...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
1.5%
Forecast Growth 17-22
Profit
Employment
55,848
Businesses
8,349

Industry Threats & Opportunities

  • Low-cost curbside carriers have performed very well over the past five years, driving industry revenue growth
  • Traditional scheduled bus service providers have been in a state of long-term decline
  • Foreign visits to the United States are anticipated to drive growth in demand for charter bus services
  • Industry Report - Industry SWOT Analysis Chapter

    The Scheduled and Charter Bus Services industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of an industry’s contribution to the overall economy, is expected to grow at an annualized rate of 1.9% over the 10 years to 2022. This is a rate relatively similar to that of GDP, which is expected to grow at an annualized rate of 2.0% during the same period.Bus transportation in the United States has a long history, and the services that this industry provides have not fundamentally changed since the establishment of the interstate highway system. Charter bus services in particular serve a very specific role in the economy, have few substitutes and are not expected to experience strong decline or growth for the foreseeable future. Tra...purchase to read more.

    Additional Insights for the Scheduled and Charter Bus Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scheduled and Charter Bus Services Industry are

  • Ability to provide goods/services in diverse locations
  • Ability to pass on cost increases
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Urban population and New car sales in the Scheduled and Charter Bus Services industry impact industry performance..

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    What's in this report

    What is the Scheduled and Charter Bus Services Industry?

    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 (IBISWorld report 48541).

    Industry Products
  • Scheduled bus services - interurban transit
  • Other services including Scheduled bus services - rural transit
  • Long-distance and local charter bus services
  • Industry Activities
  • Intercity bus line transportation services
  • Interstate bus line transportation services
  • Interurban bus line transportation services
  • Rural bus transportation services
  • Motor coach operations for interurban and rural scheduled routes
  • Charter bus operations for businesses and consumers (except scenic and sightseeing services)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Urban population
  • New car sales
  • Time spent on leisure and sports
  • World price of crude oil
  • Inbound trips by non-US residents
  • Per capita disposable income

  • Current Performance
  • Charter bus services
  • Scheduled bus services
  • Profit trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady charter bus growth
  • Stronger curbside growth
  • Profitability to dip but remain high
  • Table: Scheduled and Charter Bus Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scheduled and Charter Bus Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Accommodation and Food Services
  • Tourism
  • Consumers

  • Key Selling Industries
  • Auto Mechanics
  • Auto Parts Wholesaling
  • Automobile Wholesaling
  • Truck & Bus Manufacturing

  • Products & Services
  • Scheduled bus services - interurban transit
  • Other services including Scheduled bus services - rural transit
  • Long-distance and local charter bus services
  • Chart: Scheduled and Charter Bus Services Industry Products and Services Segmentation

  • Demand Determinants
  • Price
  • Safety
  • Seasonality
  • Demographic change

  • Major Markets
  • Private consumers - long-distance
  • Private consumers - local
  • All Other including Business travel
  • Chart: Major Market Segmentation for the Scheduled and Charter Bus Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Scheduled and Charter Bus Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scheduled and Charter Bus Services Industry

  • Industry Globalization
    FirstGroup plc, Stagecoach Group plc,
  • Table: FirstGroup plc - financial performance
  • Table: Stagecoach Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Scheduled and Charter Bus Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Scheduled and Charter Bus Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Inbound trips by non-US residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Charter Bus
  • A bus that is requested for exclusive use (e.g. for a specific purpose or trip) over a certain period of time.
  • Curbside Bus Service
  • Scheduled bus service in which passengers are picked up from and dropped off on a city street instead of at traditional bus stations.
  • Fuel Surcharge
  • A form of insurance used by industry operators to hedge against fluctuations in gasoline prices.
  • Motor Coach
  • Another term for bus.
  • Scheduled Bus
  • A bus that operates on a set schedule or route, instead of on demand. Scheduled services are not exclusive and are generally open to the public.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Scheduled and Charter Bus Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Scheduled and Charter Bus Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Scheduled and Charter Bus Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scheduled and Charter Bus Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scheduled and Charter Bus Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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