From 2013 to 2019, the road passenger transport movements by buses and coaches in Australia demonstrated a steady growth overall. Between 2013 and 2019, the annual compound growth rate (CAGR) varied but showed an averaging modest positive trend. However, from 2020 onward, there has been a drastic decline year-on-year, with the value reaching 10.11 Billion Passenger Kilometers in 2023, reflecting a significant reduction from previous years. The trend accelerated downwards notably due to the pandemic-related disruptions and persists into forecasted values till 2028 with a sharp decline in the five-year CAGR by -36.03%, predicting an 89.29% total reduction by 2028.
Future trends to watch for include potential recovery or further decline in response to public health developments, policy changes, and shifts in consumer behavior towards public transport. Monitoring technological advancements in transport and fuel economy strategies will be critical for anticipating long-term trends in this sector.
