The data points are given as follows (all values are in units):
2024: 377.51
2025: 343.85
2026: 310.87
2027: 278.55
2028: 246.87
The year-on-year variations are:
- 2025 over 2024: -8.92%
- 2026 over 2025: -9.60%
- 2027 over 2026: -10.40%
- 2028 over 2027: -11.38%
Compound Annual Growth Rate (CAGR) Analysis:
The CAGR over the period from 2024 to 2028 is approximately -10.47%.
Future Trends to Watch:
Given the consistent year-on-year declines, factors such as policy changes, economic conditions, and advancements in alternative transportation modes could further influence production trends in Malaysia. Monitoring shifts in regional demand and the adoption of electric buses and coaches will be essential.
