The Diesel Buses Market in the US stood at $11.199 billion in 2023. The market experienced fluctuations with significant growth from 2013 to 2023, culminating in a Compound Annual Growth Rate (CAGR) of 2.97% over the last five years. The most notable increase occurred between 2016 and 2018. Recent growth has slowed, with modest increases between 2021 and 2023. Forecasted data from 2024 to 2028 predicts a 2.12% CAGR, indicating continued, albeit slower, growth.
Future trends to watch for include:
- Shifts towards alternative fuel sources like electric and hybrid buses
- Regulatory changes impacting diesel emissions standards
- Technological advancements in diesel engine efficiency
