The data shows that the road passenger transport movements in Turkey have experienced fluctuation over the past decade. From 2013 to 2019, there's been a general upward trend with varying annual growth rates, peaking at a cumulative annual growth rate (CAGR) of 4.23% by 2019. The year 2020 saw a significant decline of -14.9% due to the COVID-19 pandemic. However, the sector quickly recovered in 2021 with a 16.33% year-on-year growth. By 2023, the value stood at 351.38 Billion Passenger Kilometers with a modest 0.83% increase from the previous year and a 5-year CAGR of 1.3%.
Future forecasts indicate a growth up to 379.62 Billion Passenger Kilometers by 2028, reflecting a 5-year CAGR of 1.23% from 2023 onwards. The long-term trend suggests a gradual but steady increase in road passenger transport movements.
Future trends to watch for:
- Impact of technological advancements in vehicle efficiency and ride-sharing platforms
- Government policies promoting public transport and infrastructure developments
- Evolving consumer behavior post-pandemic towards travel and transport
- Environmental concerns and the shift towards sustainable and eco-friendly transportation options
