From 2013 to 2023, the road passenger transport sector in Sweden experienced fluctuating trends. The value was at 96.39 Billion Passenger Kilometers in 2023. The early part of the decade saw year-on-year increases, peaking in 2015. However, a significant drop occurred in 2016, followed by a gradual decline from 2019 onward. Over the last two years, the sector saw a year-on-year decrease of 1.5% in both years. The Compound Annual Growth Rate (CAGR) over the previous five years indicates an average annual decline of 2.08%.
Future trends to watch for in the forecasted period from 2024 to 2028 include a continued decline, with a forecasted 5-year CAGR of -1.23%. Factors such as advancements in transportation technology, shifts in consumer behavior toward sustainable modes of travel, and potential regulatory changes could influence this downward trajectory.
- 2013-2019: Growth fluctuations, significant drop in 2016.
- 2020-2023: Gradual year-on-year decline, with an average annual reduction of 2.08% over the last five years.
- 2024-2028: Expected continued decline, with a forecasted 5-year CAGR of -1.23%.
