Between 2013 and 2023, the production value of urban and suburban passenger land transport in Finland exhibited a fluctuating pattern. The sector reached its peak value in 2017 before facing a steep decline in 2019. The following years saw a fluctuating trend with slight growth but mostly negative year-on-year variations, ultimately settling at 579.5 million Euros in 2023. Over the last five years, the sector had a negative compound annual growth rate (CAGR) of approximately -1.64%. Forecasts for the next five years predict a consistent decline, with a forecasted annual decrease of -1.31% until 2028.
Future trends to watch for include potential shifts in consumer behavior due to evolving work-from-home policies, increased competition from alternative transport models like ride-sharing, and the impact of environmental policies encouraging the reduction of carbon emissions. Advancements in technology and public infrastructure improvements could also play crucial roles in shaping the sector's outlook.
