The number of motor coaches, buses, and trolley buses in Turkey has generally experienced an upward trend from 2013 to 2023, albeit with some fluctuations. 2023 saw a total of 741.69 thousand units, representing a year-on-year growth of 0.95%. A significant dip occurred in 2020 with a 16.13% drop, likely due to the impact of the COVID-19 pandemic. The subsequent recovery saw a substantial 15.62% increase in 2021. The Compound Annual Growth Rate (CAGR) over the last five years stood at 0.99%, indicating moderate growth. Forecasts from 2024 to 2028 suggest a steady increase, with a predicted 0.77% CAGR and an overall 3.92% growth rate during this period.
Future Trends to Watch For:
- Technology advancements in electric and autonomous buses.
- Government policies favoring green energy and public transportation investments.
- Economic fluctuations that might affect public sector spending on transportation.
- Changing urbanization patterns and their impact on transportation needs.