Between 2013 and 2023, employment in the Urban and Suburban Passenger Land Transport Sector in Germany experienced a consistent upward trend, with a significant increase from 161.99 in 2013 to 247.04 in 2023 (expressed in thousands of Full-Time Equivalent). While the sector faced a notable decline of 6.51% in 2020, attributed to the COVID-19 pandemic, the employment numbers rebounded rapidly, showing a 14.13% increase in 2021 and moderate growth subsequently. As of 2023, employment stood at 247.04 thousand, registering a year-on-year growth of 3.76% with an average annual growth (CAGR) of 3.22% over the last five years.
Looking ahead, forecasts indicate a continued upward trend with employment expected to reach 290.5 thousand by 2028. The sector is projected to grow at an average rate of 2.57% annually over the next five years, resulting in an overall growth of 13.52% from 2024 to 2028.
Future Trends to Watch For:
- Technological advancements in transport systems.
- Increased urbanization affecting public transport needs.
- Sustainability efforts influencing employment in green transport solutions.
- Government policies on public transport funding and infrastructure development.
- Evolving consumer preferences and demands for efficient and safe transport options.
