Between 2013 and 2023, Turkey's road passenger transport sector showed consistent growth, increasing from 268.18 to 371.27 billion passenger kilometers. The sector experienced steady year-on-year increases, with notable rises in 2015 and 2022. However, 2020 saw a significant decrease of 14.9%, attributed to the COVID-19 pandemic. The market rebounded strongly in 2021 and 2022. The Compound Annual Growth Rate (CAGR) over these ten years highlights a broadly positive trend; the CAGR from 2013 to 2023 is 2.42%, reflecting an overall upward trajectory despite short-term disruptions. As of 2023, the road passenger transport in Turkey stood at 371.27 billion passenger kilometers.
Forecast data from 2024 to 2028 projects a CAGR of 2.03%, suggesting continued but modest growth in the sector. By 2028, the value is forecasted to reach 421.97 billion passenger kilometers, signaling a projected growth of 10.58% over five years. Future trends to watch for include advancements in sustainable transport technologies, regulatory changes, and macroeconomic conditions that could impact passenger demand.
