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 to 2030

Market size index, 2026 = 100, at the 7% CAGR.

14012711310010020261072027114.52028122.52029131.12030140.32031

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