The turnover in the Urban and Suburban Passenger Land Transport sector in Finland has shown a fluctuating trend over the past decade. The highest value recorded was in 2014 at 658.4 million Euros, followed by a decline, reaching 536.6 million Euros in 2023. The sector saw a significant dip in 2017 and an ongoing decrease from 2019 onwards, with slight recoveries in 2020 and 2021. The year-on-year variation for 2023 was -1.92%, indicating a consistent decline in the recent two years. The CAGR over the last five years has been -0.9%, reflecting an average annual decrease. Forecasts from 2024 to 2028 suggest a continued downward trajectory, with a projected CAGR of -1.62%.
Future trends to watch for:
- Adoption of sustainable and environmentally friendly transport solutions
- Impact of technological advancements like electric and autonomous vehicles
- Changes in public transportation policies and regulations
- Population and urbanization trends affecting demand
