Forecast: Road Passenger Transport Movements by Passenger Cars in the UK

In 2023, road passenger transport movements by passenger cars in the UK stood at 760.5 billion passenger kilometers. Over the last two years, the value exhibited significant recovery with a year-on-year increase of 12.04% in 2021 and 23.99% in 2022, followed by an 8.35% rise in 2023. The Compound Annual Growth Rate (CAGR) for the past five years shows a modest positive growth of 1.06% yearly.

Long-term trends indicate a generally upward trajectory with occasional dips, notably in 2020 due to external factors impacting mobility. Forecasts from 2024 to 2028 predict a CAGR of 1.12%, suggesting steady growth, with a total forecasted growth rate over five years of 5.72% by 2028.

  • Economic conditions impacting disposable income and consequently travel behavior.
  • Policies incentivizing the use of public transport and alternative mobility solutions such as ride-sharing and electric vehicles.
  • Technological advancements in vehicle efficiency and autonomous driving potentially altering passenger transport dynamics.
  • Environmental concerns and regulations promoting sustainable transport options.

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