Based on the forecast data for road passenger transport movements in South Korea, the sector will experience a steady increase from 416.09 billion passenger kilometers in 2024 to 451.16 billion passenger kilometers in 2028. This consistent rise suggests a positive growth trend.
The year-on-year variation shows a percentage increase each year:
- 2024 to 2025: 2.14%
- 2025 to 2026: 2.07%
- 2026 to 2027: 2.01%
- 2027 to 2028: 1.95%
In 2023, the actual value stood at 407.5 billion passenger kilometers.
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.54%, underscoring a robust and consistent upward trend.
Future trends to watch for include the impact of advancements in transportation technologies, policy changes in urban mobility, and potential shifts in consumer behavior towards more sustainable transport options, which could either accelerate or alter the trajectory of growth in road passenger transport movements.
