Between 2013 and 2023, the number of LPG motor coaches, buses, and trolley buses in Turkey experienced a downward trend, declining from 1,400 to 1,050 units, expressed in thousands. Year-on-year variations show significant drops, particularly in 2014 (-11.54%) and a more moderate decline of around 1-3% per year from 2015 to 2022. Notably, 2023 saw a slight rebound with a growth of 0.48%, indicating a potential stabilization. The CAGR over the last five years leading to 2023 stood at -1.41%, signifying a steady decline.
Future trends to watch for include:
- Continuous slight declines are forecasted, with a 5-year CAGR of -0.33% from 2024 to 2028.
- Emerging technology and environmental regulations may impact vehicle types and fuel usage.
- Potential market stabilization or slight declines, as forecasted growth rates suggest stabilization around the 1,020 units mark by 2028.
