Based on the provided data, the number of motor coaches, buses, and trolley buses in Sweden stood at 14.54 thousand units in 2023. Reflecting on historical data, it is observed that from 2013 to 2023, the market experienced fluctuations with a notable drop in 2020. Between 2019 and 2021, the sector exhibited resilience with a recovery trend post-pandemic.
The year-on-year variation over the last two years shows a slight increase: 5.53% from 2021 to 2022 and 0.24% from 2022 to 2023. From 2018 to 2023, the compound annual growth rate (CAGR) remained relatively stable at approximately 0.23%.
Looking forward, forecasts indicate that the sector is expected to maintain modest growth with a 5-year CAGR of 0.21%, reaching 14.68 thousand units by 2028. This suggests a period of steady increment following previous volatility.
Future Trends to Watch:
- Technological advancements in electric and autonomous vehicles could influence fleet composition and growth rates.
- Government policies promoting sustainable urban transport may impact demand for trolley buses and electric buses.
- Economic recovery post-COVID-19 will be critical in determining future market stability and expansion.
