Between 2013 and 2023, the national passenger road transport by motor coaches, buses, and trolley buses in the UK experienced fluctuations, notably a significant drop in 2020 due to the pandemic. The value stood at 31.94 billion passenger kilometers in 2023, decreasing by 1.61% from the previous year. Over the past five years, the compound annual growth rate (CAGR) was -1.62%. Moving forward, from 2024 to 2028, the forecasted 5-year CAGR is -1.41%, with an expected overall decline of 6.83% in the volume of passenger kilometers.
Future trends to watch for:
- An increase in alternative and sustainable modes of transport, such as electric and hybrid buses.
- Technological advancements in public transportation infrastructure.
- Government policies and investments aimed at reducing carbon emissions.
- Shift in consumer behavior towards more environmentally friendly transport options.