In 2023, the number of motor coaches, buses, and trolley buses in Finland stood at 19.99 thousand. The growth in this category has been fairly steady from 2013 to 2023, showing an overall significant increase. Notably, the year-on-year growth varied, with the highest increase of 4.63% in 2014 and the lowest growth of 0.64% in 2022. Over the last five years, the compound annual growth rate (CAGR) averaged around 1.6%.
For the years 2024 to 2028, the forecasted data suggests a continual upward trend, albeit at a slightly reduced pace, with a forecasted 5-year CAGR of 1.01% and an overall forecasted growth rate of 5.16% over this period.
Future trends to watch for include potential technological advancements in the public transportation sector, increased focus on sustainability, and regulatory changes that could impact the adoption of electric and alternative-fuel buses. Additionally, demographic shifts and urbanization patterns in Finland could influence future demand for such vehicles.
