The number of petrol motor coaches, buses, and trolleybuses in Turkey has been experiencing a steady decline from 2013 to 2023, dropping from 14.28 thousand units to 9.59 thousand units. This represents a significant overall reduction, with sharp year-on-year decreases such as the 7.84% drop in 2023. Over the last two years, this category saw a decline of 0.91% in 2022 and 7.84% in 2023.
From 2018 through 2023, the average annual decline (CAGR) has been approximately -2.84%. The forecast data indicates that this downward trend will continue, with a considerable projected decrease of 14.66% by 2028, translating to an average annual decline of -3.12% over the next five years.
Future trends to watch:
- Transition towards alternative energy sources, potentially influencing the further decline in petrol motor vehicles.
- Government policies promoting electric and hybrid vehicles which may accelerate the reduction in petrol bus registrations.
- Technological advancements in public transportation systems that could impact market dynamics.