Key Market Indicators
Romanian passenger transport expenditure is projected to soar to $3.91 billion by 2028, up from $2.23 billion in 2023. This marks an impressive annual growth rate of 8.7%. Since 2018, Romania has seen a significant surge in demand, with a year-on-year increase of 23.3%. In the global rankings for 2023, Romania secured the 18th spot, while Switzerland took the lead with $2.23 billion. France, Canada, and Italy followed closely, ranking second, third, and fourth respectively. In terms of revenue, Romania's passenger transport sector is expected to reach $782 million by 2028, up from $706 million in 2023. The sector is anticipated to grow at an average annual rate of 1.6%. Since the turn of the millennium, the Romanian market has experienced a steady annual increase of 7.6%. In 2023, Romania ranked 25th, with the Czech Republic surpassing it with $706 million in revenue. Qatar, Ireland, and Russia occupied the second, third, and fourth positions respectively in this ranking.
