In 2023, the number of motor coaches, buses, and trolley buses in Italy stood at 99.8 thousand units. Over the last two years, the year-on-year variation shows a significant rebound from the COVID-19 impacted year in 2020 with a 14.51% increase in 2021 and a 5.31% increase in 2022. However, the rate of increase slowed down to a modest 0.043% in 2023.
On a longer-term view, the compound annual growth rate (CAGR) over the last five years (2019 to 2023) is -0.049%, indicating a relatively stable but slightly declining trend overall. The market experienced a significant drop in 2020 (-16.96%) due to the pandemic, followed by recovery trends in subsequent years.
Looking forward, forecast data suggests a steady but modest increase in the number of motor coaches, buses, and trolley buses with an expected CAGR of 0.05% between 2024 and 2028. This corresponds to a forecasted growth rate of 0.24% by 2028.
Future trends to watch for include increased investment in sustainable and electric public transportation options in Italy, driven by environmental regulations and the push towards decarbonization. Additionally, advancements in autonomous driving technology may start influencing fleet compositions and operations within this sector.
