From 2013 to 2023, employment in Sweden's urban and suburban passenger land transport sector exhibited a clear upward trend, standing at 40,400 full-time equivalents (FTEs) in 2023. The annual growth rate varied, with notable accelerations from 2016 to 2019 and a slight decline in 2020. Despite this dip, the sector rebounded with growth, sustaining a Compound Annual Growth Rate (CAGR) of 3.32% over the last five years up to 2023.
Forecasts for 2024-2028 project continued growth, with the sector anticipated to reach 46,080 FTEs by 2028. This indicates a forecasted 5-year CAGR of 2.09%, translating to a growth rate of 10.87% over this period.
Future trends to watch for:
- Technological advancements in transportation, including automation and renewable energy adoption.
- Government policies promoting sustainable and public transport initiatives.
- Urbanization trends and demographic shifts influencing public transport demand.
- Impact of economic fluctuations and global events on employment trends in the sector.