The modal share of trains, motor coaches, buses, and trolley buses in the UK is forecasted to experience a slight decline from 12.6 in 2024 to 12.4 by 2028. Compared to the recorded figures from 2023, these values represented a stable period, highlighting a modest decline of only 0.2 over four years.
The year-on-year variations are minor, indicating stabilization in modal shares. The compound annual growth rate (CAGR) over a five-year period reveals nearly no change, signaling a mature market phase.
Future trends to watch for include the impact of sustainability initiatives, technological advancements like autonomous vehicles, and government policies promoting public transportation. The emergence of new transportation modes, such as ride-sharing and electric buses, could also influence market shifts.
