The turnover of Urban and Suburban Passenger Land Transport in Sweden has shown a steady growth from 2013 to 2023, with actual values peaking at 6.45 billion Euros in 2023. After a slight dip in 2020 due to external disruptions, the sector rebounded with year-on-year variations averaging around 2.4% in the last two years. The compound annual growth rate (CAGR) over the last 5 years stands at 0.76%.
Future trends to watch for:
- Forecasted turnover is expected to reach 7.13 billion Euros by 2028, with a 5-year CAGR of 1.6%.
- Innovations in sustainable transportation and digital ticketing solutions are likely to influence growth dynamics.
- Urbanization and environmental policies will continue to shape demand for passenger land transport services.