The turnover in the urban and suburban passenger land transport sector in Germany stood at 36.95 billion Euros in 2023. From 2013 to 2023, the sector exhibited a general upward trend with significant fluctuations. A notable dip occurred in 2020 due to a -9.72% year-on-year change, likely impacted by the COVID-19 pandemic. Recovery was swift with a 23.87% increase in 2021, and moderate growth rates followed. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 4.87%. Going forward, the forecasted data suggests a steady 3.31% CAGR until 2028, projecting a total growth rate of 17.71% over the next five years, ending with a turnover of 45.56 billion Euros in 2028.

Future trends to watch for:

Increased digitalization impacting ticketing and operations.
Deployment of sustainable and electric transport fleets.
Enhanced integration with other modes of transport for seamless urban mobility.
The impact of regulatory measures aimed at reducing urban congestion and emissions.
Shifts in commuter patterns due to evolving remote work trends.