Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 5.8 % over the past five years, to reach an estimated $5.3bn in 2024.
Trends and Insights
Pandemic-related restrictions halted overall transportation activity
- The COVID-19 pandemic resulted in wide-reaching shutdowns across the US to halt the spread of the virus. One crucial sector heavily impacted by such restrictions was transportation, with significant slowdowns experienced across the industry.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Stabilizing economic conditions will likely stimulate traveling activity
- As disposable income grows, consumers will be encouraged to spend more on discretionary services including city bus tours and bus transportation for conventions, weddings, proms and other events.
Biggest companies in the Scheduled and Charter Bus Services in the US
| Company | Market Share (%)
2024 | Revenue ($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 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Groups and organizations typically rent charter buses for a single trip or a series of trips
- These services include buses that can be rented for special occasions such as group tours, corporate events and school trips.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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).
What's included in this industry?
Intercity bus line transportation servicesInterstate bus line transportation servicesInterurban bus line transportation servicesRural bus transportation servicesMotor coach operations for interurban and rural scheduled routesCharter bus operations for businesses and consumers (except scenic and sightseeing services)Companies
Coach Usa Inc.Global Charter Services LtdAcademy Bus LLCPurchase this report to view all 10 major companies in this industry.
Related Terms
CHARTER BUSSCHEDULED BUSMOTOR COACHCURBSIDE BUS SERVICEFUEL SURCHARGEIndustry Code
NAICS 485210 - Scheduled and Charter Bus Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Scheduled bus services have gained popularity. As people become more aware of their spending habits, they are choosing to use scheduled bus services.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
High population density cities have a greater need for bus transportation. These areas have well-known tourist destinations and several colleges and universities.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Internal competition is based on price, safety, comfort and route availability. Companies that are able to offer very low prices gain a competitive advantage.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
This industry is dominated by small companies. These small companies account for more than 75.0% of market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Coach Usa Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Global Charter Services Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Academy Bus LLC's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for Coach Usa Inc., and factors influencing its performance in the industry
- Description and key data for Global Charter Services Ltd, and factors influencing its performance in the industry
- Description and key data for Academy Bus LLC, and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
High competition from alternative transportation modes strongly influences revenue. Other factors influencing revenue include changes in consumer spending, fuel prices and di...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wages are the main expense primarily because the expansion of fleets and routes each requires a trained bus operator.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Scheduled and Charter Bus Services in the US industry in United States in 2024?
The market size of the Scheduled and Charter Bus Services in the US industry in United States is $5.3bn in 2024.
How many businesses are there in the Scheduled and Charter Bus Services in the US industry 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.
Has the Scheduled and Charter Bus Services in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Scheduled and Charter Bus Services in the US industry in United States over the next 5 years?
Over the next five years, the Scheduled and Charter Bus Services in the US industry in United States is expected to grow.
What are the biggest companies in the Scheduled and Charter Bus Services in the US market in United States?
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
What does the Scheduled and Charter Bus Services in the US in United States include?
Intercity bus line transportation services and Interstate bus line transportation services are part of the Scheduled and Charter Bus Services in the US industry.
Which companies have the highest market share in the Scheduled and Charter Bus Services in the US in United States?
The company holding the most market share in United States is Coach Usa Inc..
How competitive is the Scheduled and Charter Bus Services in the US industry in United States?
The level of competition is moderate and increasing in the Scheduled and Charter Bus Services in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Public Transportation in the US
- Public School Bus Services in the US
- Taxi & Limousine Services in the US
Complementors
- Sightseeing Transportation in the US
International industries
- Interurban and Rural Bus Transport in Australia
- Urban Bus and Tramway Transport in Australia
- Bus Transport in New Zealand
- Bus & Tramway Operations in the UK
- Bus Transportation in China
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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