From 2013 to 2023, the production in the Urban and Suburban Passenger Land Transport sector in Finland has shown considerable fluctuation. Between 2013 and 2017, there were significant ups and downs, with 2017 experiencing a notable increase. However, from 2019 onward, the trend shifted downwards, hitting a low in 2019 and only rebounding modestly in the subsequent years. By 2023, production stood at 594.6 million euros.
- The year-on-year variation for 2022 was -1.02%, and for 2023, it was -0.98%. The Compound Annual Growth Rate (CAGR) over the last five years was -1.14%.
Looking ahead, the forecast from 2024 to 2028 predicts a continued decline, with the CAGR over the next five years projected to be -0.68%, translating to an overall 3.34% reduction by 2028.
Future trends to watch for include factors impacting urban mobility, such as increasing urbanization, technological advancements in transportation, and potential regulatory changes aimed at reducing carbon emissions. Monitoring these elements will be crucial for anticipating shifts in passenger transport demand and production levels.
