Key Market Indicators
The revenue from Thailand's passenger transport sector is projected to hit $5.73 billion by 2028, up from $5.01 billion in 2023. This growth represents an annual compound growth rate (CAGR) of 2.1%. Despite this positive outlook, the Thai passenger transport market has remained stagnant since 2000, showing no year-on-year growth during this period. In 2023, Thailand ranked fifth globally in terms of passenger transport revenue. Russia led the rankings with revenue matching Thailand's $5.01 billion. Following closely were Qatar, Ireland, and Russia, occupying the second, third, and fourth positions, respectively.