The turnover in the urban and suburban passenger land transport sector in France experienced significant fluctuations from 2013 to 2023. The turnover in 2023 stood at 11.0 billion Euros, representing a slight increase of 2.06% from 2022. The compound annual growth rate (CAGR) over the last 5 years was 8.49%. Notable year-on-year variations include a peak in 2014 with a dramatic increase of 104.79% and significant dips in 2015 (-41.61%) and 2016 (-24.08%). In recent years, the market has shown greater stability and moderate growth, with the last two years seeing increases of 2.13% and 2.06% respectively.
Looking ahead to 2024 and beyond, the market is forecasted to grow steadily, achieving a turnover of 12.07 billion Euros by 2028. The forecasted CAGR for the next five years is 1.48%, indicating slower but continuous growth. Key factors to watch include the adoption of sustainable and smart transport solutions, government policies supporting public transport infrastructure, and changes in urban mobility patterns driven by advancements in technology and consumer behavior shifts.
