Transportation Products & Services

Transit Buses: Market Size, Growth & Forecast to 2030

The Transit Buses market is valued at about $52.8 billion (2026) and is projected to grow at a 7% CAGR through 2030. The largest cost driver is Chassis, Powertrain and Battery Systems (40% of spend).

Market size
$52.8 bn (2026)
CAGR to 2030
+7%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 7% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 140

Cost structure

Chassis, Powertrain and Battery Systems
40%
Body Manufacturing, Materials and Fabrication
25%
Direct Factory Labor and Vehicle Assembly
15%
Logistics, Delivery and Inbound Freight
10%
Regulatory Compliance and Local Testing
10%

Key suppliers

BYD Company LimitedYutong Bus Co. Ltd.NFI Group Inc.Volvo GroupDaimler Truck Holding AGGillig LLCSolaris Bus and Coach sp. z o.o.
Read the full Transit Buses report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/transit-buses