Road passenger transport movements by buses and coaches in China have been on a declining trend, decreasing from 1.1251 trillion passenger kilometers in 2013 to 0.81912 trillion passenger kilometers in 2023, marking an annual average decrease of approximately 2.46% over the last five years. The year-on-year decrease over the past two years has been relatively consistent, with a decline of 2.27% in 2022 and 2.28% in 2023.
Looking forward, the forecast indicates that this trend will continue, with an expected average annual decrease of roughly 2.06% from 2024 to 2028, culminating in a projected 9.86% reduction over this period.
Future trends to watch for:
- The impact of emerging transportation technologies such as autonomous vehicles on bus and coach travel.
- Potential shifts in consumer preferences towards more sustainable and flexible transportation options.
- Government policies and investments in public transportation infrastructure and their effect on road passenger transport dynamics.
