Key Market Indicators
Russian Passenger Transport Expenditure is projected to climb to nearly $5 billion by 2028, up from approximately $4.7 billion in 2023. This marks a modest growth rate of 0.9% annually. Since 2014, the demand for passenger transport in Russia has increased by 0.8% each year. In 2023, Russia held the 8th position in this ranking, with Australia slightly ahead at $4.7 billion. France, Canada, and Italy secured the 2nd, 3rd, and 4th spots, respectively. Meanwhile, Russian Passenger Transport Revenue is expected to soar to approximately $8.5 billion by 2028, up from around $7.1 billion in 2023. This represents an annual growth rate of 2.8%. Despite this upward trend, the Russian market has seen a 0% year-on-year change since 2006. In 2023, Russia ranked 4th, with Ireland narrowly leading at $7.1 billion. Qatar and Ireland occupied the 2nd and 3rd positions, respectively, in this ranking.
