$5.3bn
$XXX.Xm
37,049
6,905
$X.Xbn
The Scheduled and Charter Bus Services industry offers passenger bus services not associated with a regional transit agency. Charter bus companies are often non-employers or small companies that provide airport transport services, convention transportation, city tours by bus and other similar services. Scheduled bus service companies have a national presence and tend to be industry leaders. Traditional scheduled bus services are relatively inexpensive but travel slowly and stop frequently. In contrast, low-cost curbside services are less expensive and travel at express speeds between urban centers.
Industry revenue has declined at a CAGR of 5.8 % over the past five years, to reach an estimated $5.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Coach Usa Inc. | 523.1 | 22.7 | 4.3 | |
Global Charter Services Ltd | 214.6 | 14.6 | 6.8 | |
Academy Bus LLC | 181.1 | 14.5 | 8.0 |
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Industry revenue is measured across several distinct product and services lines, including Charter bus services, Scheduled bus services and Other services (including rural transit). Charter bus services is the largest segment of the Scheduled and Charter Bus Services in the US.
Groups and organizations typically rent charter buses for a single trip or a series of trips
Operators in the Scheduled and Charter Bus Services provide scheduled and chartered 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 (48541).
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NAICS 485210 - Scheduled and Charter Bus Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 decreased industry revenue streams. Consumers did not use industry services and some businesses had to close their doors because the health and safety guidelines adv...
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Scheduled bus services have gained popularity. As people become more aware of their spending habits, they are choosing to use scheduled bus services.
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High population density cities have a greater need for bus transportation. These areas have well-known tourist destinations and several colleges and universities.
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Internal competition is based on price, safety, comfort and route availability. Companies that are able to offer very low prices gain a competitive advantage.
Learn about the performance of the top companies in the industry.
This industry is dominated by small companies. These small companies account for more than 75.0% of market share.
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High competition from alternative transportation modes strongly influences revenue. Other factors influencing revenue include changes in consumer spending, fuel prices and di...
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Wages are the main expense primarily because the expansion of fleets and routes each requires a trained bus operator.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Scheduled and Charter Bus Services in the US industry in United States is $5.3bn in 2024.
There are 6,905 businesses in the Scheduled and Charter Bus Services in the US industry in United States, which has declined at a CAGR of 3.3 % between 2019 and 2024.
The market size of the Scheduled and Charter Bus Services in the US industry in United States has been declining at a CAGR of 5.8 % between 2019 and 2024.
Over the next five years, the Scheduled and Charter Bus Services in the US industry in United States is expected to grow.
The biggest companies operating in the Scheduled and Charter Bus Services market in United States are Coach Usa Inc., Global Charter Services Ltd and Academy Bus LLC
Intercity bus line transportation services and Interstate bus line transportation services are part of the Scheduled and Charter Bus Services in the US industry.
The company holding the most market share in United States is Coach Usa Inc..
The level of competition is moderate and increasing in the Scheduled and Charter Bus Services in the US industry in United States.