By 2024, Brazil's road passenger transport enterprises are expected to see steady growth, beginning with 13.43 thousand establishments and projected to reach 14.03 thousand by 2028. This represents a year-on-year increase of approximately 1.12% from 2024 to 2028, with a CAGR of about 1.1%. Continuous expansion indicates robustness, contrasting with 2023, where the value stood at 13.30 thousand, emphasizing growth driven by recovery in domestic travel demand.
Future trends to watch for include technological advancements like electric vehicles and sustainable practices, along with regulatory changes in the transportation sector which could further facilitate growth and enhance service quality in Brazil's road passenger transport industry.
