Forecast: Road Passenger Transport Movements by Passenger Cars in Germany

Between 2013 and 2023, Germany's road passenger transport movements by passenger cars showed fluctuating trends. After an initial rise from 903.1 billion passenger kilometers in 2013 to 946.3 billion in 2016, there was a sharp decline of -5.14% in 2017, followed by minor variances until 2019. A significant drop of -12.98% occurred in 2020, attributed to the COVID-19 pandemic. The values rebounded modestly by 2022, reaching 894.2 billion in 2023, reflecting a 2.28% year-on-year increase. The compound annual growth rate (CAGR) over the past five years stands at -0.098%.

Future trends indicate a gradual decline from 2024 to 2028, with a forecasted CAGR of -0.29%. By 2028, the projected value is 877.89 billion passenger kilometers, indicating a slight decrease of -1.46% over five years.

Key trends to watch for include the impact of advancing automotive technologies, increasing environmental regulations, and the rise of alternative transportation modes on the road passenger transport sector. Additionally, evolving consumer preferences towards car ownership and shared mobility services will also play a crucial role in shaping the future of this market.

Top Countries about Transportation