Analyzing the number of buses in Finland reveals a consistent growth pattern from 2014 to 2023. As of 2023, the number of buses stood at 6.57 thousand, showing a y-o-y growth rate of 2.66%. The CAGR over the last five years is calculated at 3.94%, indicating a steady increase in fleet size.
Key variations over the years include a notable 7.65% increase in 2019, followed by a more moderate growth in subsequent years. Despite minor fluctuations, the overall trend has been upward.
Future projections suggest continued growth, with the number of buses expected to reach 7.37 thousand by 2028. The forecasted CAGR for the next 5-year period is 1.83%, predicting a total growth rate of 9.47% by 2028.
Future trends to watch for include technological advancements in electric and hybrid buses, government incentives for sustainable transport, and the impact of urbanization on the demand for public transportation.
