The turnover in the urban and suburban passenger land transport sector in Sweden saw a robust growth from 2013 to 2019, with a yearly increase ranging from 3.65% to 7.07%. The sector faced a setback in 2020 with a decline of 4.88%, likely due to the COVID-19 pandemic. Recovery was evident in the following years, and by 2023, the turnover stood at 70.88 billion Swedish Kronas. The CAGR over the last five years (2019-2023) has been 2.16%. Looking forward, a steady growth is anticipated with a forecasted CAGR of 1.93% from 2024 to 2028, resulting in a projected turnover of 80.07 billion Swedish Kronas in 2028.
Future Trends to Watch For:
- Impact of technological advancements such as electric and autonomous vehicles on operational efficiencies and cost structures.
- Policy changes or subsidies promoting sustainable and public transportation.
- Long-term effects of the COVID-19 pandemic on commuting patterns, especially with the rise of remote work.
- Infrastructure developments and urban planning initiatives that could influence passenger land transport demand.
- Shifts in consumer preferences towards more eco-friendly transport options.
