The data on new registrations of motor coaches, buses, and trolley buses in Sweden shows that actual registrations consistently declined from 2013 through 2023. The year-on-year variations exhibit a highly fluctuating trend, with significant declines in specific years such as 2018 and 2020. Specifically, by 2023, registrations stood at 0.874 thousand, signifying a nearly 5% decrease compared to the previous year. The Compound Annual Growth Rate (CAGR) over the last five years before 2023 equates to a -2.72% decline annually.
Looking ahead, the forecasted data from 2024 onwards indicates a continued downward trend with a projected five-year CAGR of -4.9% and an overall growth rate of -22.21% by 2028.
Future trends to watch for:
- Potential shifts in public transportation policies and subsidies.
- Impact of environmental regulations pushing for greener alternatives.
- Technological advancements in electric buses and autonomous vehicles.
