The turnover of the urban and suburban passenger land transport sector in Denmark showed substantial growth from 2013 to 2023, rising from €1.17 billion in 2013 to €2.02 billion in 2023. The initial years saw variable growth, with a notable 19.37% increase in 2017. However, 2020 marked a significant downturn with an 8.8% decline, possibly due to the COVID-19 pandemic. The CAGR over the five years leading to 2023 stood at approximately 0.97%, reflecting moderate growth. In 2023, the turnover slightly increased year-on-year by 2.23%.
From 2024 onwards, forecasts suggest continued growth in the sector, with a projected CAGR of 1.6% over the next five years, leading to an expected turnover of €2.23 billion by 2028. This indicates a steady but moderate increase in sector turnover, reflecting recovery and development post-pandemic.
Future trends to watch for include the influence of sustainable transport policies, advancements in electric vehicle technology, and changes in urban planning that could further drive demand and reshape the market landscape.
