In 2023, China's passenger-kilometers on highways stood at a significant volume. The projected figures from 2024 to 2028 show a steady increase from 9.11 to 9.41 hundred billion passenger kilometers. Year-on-year growth from 2024 to 2028 is consistent, averaging 0.77%. This reflects a resilient upward trajectory, indicating a compound annual growth rate (CAGR) of approximately 0.96% over this five-year forecast period.
Future trends to watch for include:
- Technological advancements in transportation, potentially increasing efficiency and volume.
- Government policies promoting highway infrastructure, impacting growth rates.
- Shifts in economic conditions affecting passenger demand.