The school and employee bus service market includes companies mainly involved in providing buses and other motor vehicles to students to and from their school or employees to and from their work.
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The global school and employee bus services market was valued at $52 billion in 2017, and is expected to register high growth rates due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics to analyse consumer behaviour.
Western Europe was the largest geographic region in the market, accounting for 33.4% of the global market share, due to a large population, presence of extensive public and private transportation network and government subsidies for transportation services.
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The USA was the largest country in the market, accounting for 12.69% of the global market share, due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA was followed by China and Japan as the next largest countries in the market.
The major competitors in the market are First Student, Rick Bus Co, National Express Group PLC and Student Transportation Inc. First Student, a division of FirstGroup America, is a brand used by the Scottish transport company FirstGroup for student transport in the United States.
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