In 2023, the import of buses except diesel-powered to the US stood at an indicated value just below the forecasted 2024 value. The data forecasts a steady year-on-year growth in import values from 178.87 million USD in 2024 to 201.71 million USD in 2028. The projected percentage increase in value from 2024 to 2025 is around 3.29%, while from 2025 to 2026, it's approximately 3.12%, from 2026 to 2027 about 2.97%, and from 2027 to 2028 around 2.82%. The compound annual growth rate (CAGR) over this five-year period is expected to be approximately 3.05%.
Future trends to watch include:
- Technological advancements in alternative fuel vehicle production, possibly affecting import dynamics.
- Regulatory changes promoting sustainable transportation could further increase demand for non-diesel buses.
- Emerging markets for electric and hybrid buses may also influence US import strategy.
- Global trade policies and supply chain considerations could impact price and availability.