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2024 U.S. Industry Statistics & Market Forecast - Charter Bus Industry
Market Size & Industry Statistics
The total U.S. industry market size for Charter Bus Industry:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Charter Bus Industry industry include:- Increasing fuel costs
- Shift towards electric and hybrid buses
- Growing emphasis on eco-friendly travel
- Stringent emission regulations
- Rise in tourism and travel activities
- Technological advancements in bus amenities
- Enhanced focus on safety features and regulations
- Increased demand for private charters post-pandemic
- Expansion of online booking platforms
- Growing investment in connectivity and Internet of Things (IoT)
- Competitive pressure from ridesharing services
- Changing demographics and preferences of travelers
- Government infrastructure grants and funding
- Fluctuations in insurance costs and coverage requirements
- Importance of cleanliness and sanitation standards due to health concerns
Product & Services Breakdown
Research products and services in the Charter Bus Industry industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Local, Fixed-Route Passenger Transportation By Road And Transit Rail |
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Local, Fixed-Route, Passenger Transportation On Common Carrier Road And Transit Rail Systems |
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Long-Distance Passenger Transportation By Road, Except Fixed-Route |
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Long-Distance Passenger Transportation By Chartered Bus |
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Local Passenger Transportation By Road, Except Fixed-Route |
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Local Passenger Transportation By Chartered Road Vehicles, Except Limousines |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Charter Bus Industry company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Charter Bus Industry industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Charter Bus Industry measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| General and Operations Managers | 4% | |||
| Office and Administrative Support Occupations | 11% | |||
| Installation, Maintenance, and Repair Occupations | 9% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 7% | |||
| Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
| Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
| Transportation and Material Moving Occupations | 70% | |||
| Motor Vehicle Operators | 64% | |||
| Driver/Sales Workers and Truck Drivers | 5% | |||
| Passenger Vehicle Drivers | 59% | |||
| Bus Drivers, School | 5% | |||
| Bus Drivers, Transit and Intercity | 49% | |||
Charter Bus Industry Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Charter Bus Industry industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Charter Bus Industry industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Charter Bus Industry industry. |
Source:
Innovation News
- Nov 30, 2023: Innovative Transportation Solutions trademarks "THE DRIVER PROVIDER" - Limousine services; Taxi transport
- Nov 17, 2023: RLCL Acquisition trademarks "MORE THAN TRANSPORTATION" - passenger transportation services
- May 02, 2023: Cowtown Bus Charters trademarks "COWTOWN BUS CHARTERS INC." - Transport of passengers; Transportation of passengers and/or goods by bus
Recent Federal Contracts for Charter Bus Industry
- Apr 02, 2024: QII SOLUTIONS LLC (Woodstock, GA) awarded $4,000
- Apr 01, 2024: ROYAL MEDIA NETWORK, INC. (Windsor Mill, MD) awarded $16,667
- Apr 01, 2024: BARONS BUS INC (Brookpark, OH) awarded $70,652
- Apr 01, 2024: GOGO CHARTERS LLC (Atlanta, GA) awarded $8,887
- Mar 27, 2024: IRIS ENTERPRISE SOLUTIONS, LLC (Jonesboro, GA) awarded $76,500
- Mar 26, 2024: MILO LOGISTICS INC. (Staten Island, NY) awarded $307,540
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