The urban and suburban passenger land transport sector in Sweden witnessed significant growth from 2013 to 2023, with values starting at 58.65 billion SEK in 2013 and reaching 84.17 billion SEK in 2023. From 2024 onwards, forecasted data shows continued growth, albeit at a slower rate compared to previous years. The year-on-year variations display an initial steady increase, peaking in 2017 with 6.18%, and substantially slowing down throughout the latter years, particularly evident with a minor contraction of 0.22% in 2020. By 2023, the year-on-year change stabilized to a modest growth of 2.62%.
The Compound Annual Growth Rate (CAGR) over the last five years further highlights a deceleration, dropping from 4.42% in 2014 to 2.33% by 2023. The forecast CAGR for the next five years indicates a continued modest growth of 1.86%, projecting the sector's value to reach approximately 94.62 billion SEK by 2028.
Future trends to watch for:
- Adoption and integration of green technologies and sustainable practices in urban transport.
- Impact of urbanization and smart city initiatives on transportation infrastructure and services.
- Changes in consumer behavior, particularly post-pandemic, influencing transit ridership and demand.
- Technological advancements in mobility solutions, such as autonomous vehicles and improved public transport networks.
