| Product Code: ETC6668970 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Canada transit buses market experienced a negative Compound Annual Growth Rate (CAGR) of -9.10% during 2020-2024. However, in 2023-2024, there was a notable year-on-year growth rate of 65.08%, indicating a surge in imports during that period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Transit Buses Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Transit Buses Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Transit Buses Market - Industry Life Cycle |
3.4 Canada Transit Buses Market - Porter's Five Forces |
3.5 Canada Transit Buses Market Revenues & Volume Share, By Buses Type, 2022 & 2032F |
4 Canada Transit Buses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in public transportation infrastructure |
4.2.2 Growing focus on sustainable and eco-friendly transportation solutions |
4.2.3 Rising urbanization leading to higher demand for public transit services |
4.3 Market Restraints |
4.3.1 Budget constraints impacting new bus purchases |
4.3.2 Competition from alternative transportation modes like ride-sharing services |
4.3.3 Regulatory challenges and changing emission standards affecting bus procurement |
5 Canada Transit Buses Market Trends |
6 Canada Transit Buses Market, By Types |
6.1 Canada Transit Buses Market, By Buses Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Transit Buses Market Revenues & Volume, By Buses Type, 2022-2032F |
6.1.3 Canada Transit Buses Market Revenues & Volume, By Diesel, 2022-2032F |
6.1.4 Canada Transit Buses Market Revenues & Volume, By Electric, 2022-2032F |
6.1.5 Canada Transit Buses Market Revenues & Volume, By Hybrid, 2022-2032F |
6.1.6 Canada Transit Buses Market Revenues & Volume, By Others, 2022-2032F |
7 Canada Transit Buses Market Import-Export Trade Statistics |
7.1 Canada Transit Buses Market Export to Major Countries |
7.2 Canada Transit Buses Market Imports from Major Countries |
8 Canada Transit Buses Market Key Performance Indicators |
8.1 Average age of the transit bus fleet in Canada |
8.2 Number of public transportation projects receiving government funding |
8.3 Adoption rate of electric or alternative fuel-powered buses in the transit fleet |
9 Canada Transit Buses Market - Opportunity Assessment |
9.1 Canada Transit Buses Market Opportunity Assessment, By Buses Type, 2022 & 2032F |
10 Canada Transit Buses Market - Competitive Landscape |
10.1 Canada Transit Buses Market Revenue Share, By Companies, 2025 |
10.2 Canada Transit Buses Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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