The urban and suburban passenger land transport sector in Italy has shown substantial resilience over the years. After a dip in 2020 with a significant year-on-year decline of 13.72%, the sector has gradually rebounded. The turnover hit €7.49 billion in 2023, marking a 4.05% increase from the previous year. This positive trajectory is expected to continue with forecasted turnover reaching €7.9 billion by 2028, reflecting a 5-year CAGR of 0.84% and a forecasted 5-year growth rate of 4.26%.

Future trends to watch for:

Increasing integration of digital ticketing and smart transport solutions.
Expansion of eco-friendly transportation options and infrastructure.
Potential impacts of emerging mobility services like ride-sharing and electric scooters.
The influence of urbanization and population growth on the demand for public transport.