The number of motor coaches, buses, and trolley buses in the US has shown varying trends from 2013 to 2023. From 2013 to 2019, there was a steady increase, followed by a significant drop in 2020 due to external factors, with recovery resuming in 2021. In 2023, the number stood at 1,053.4 thousand units, marking a 1.17% increase from the previous year. Over the last five years, the compound annual growth rate (CAGR) averaged at 1.25%.
Looking ahead, the forecast indicates a continued increase with a 5-year CAGR of 0.94%, reaching 1,113.8 thousand units by 2028.
Future trends to watch for:
- Technological advancements in electric and autonomous buses.
- Changes in regulatory frameworks impacting public transportation.
- Shifts in public transportation demand due to urbanization and environmental policies.