The production value of urban and suburban passenger land transport in Germany has experienced notable fluctuations over the past decade, standing at 26.37 billion Euros in 2023. From 2013 to 2023, growth has been dynamic, showing significant increases such as a 13.57% rise in 2018, but also setbacks like an 11.09% decline in 2020 due to the COVID-19 pandemic. In recent years, the market has rebounded with positive year-on-year variations: 8.3% in 2022 and 6.73% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.98%, indicating a steady and resilient recovery.
For the forecasted period from 2024 to 2028, the market is projected to maintain growth, with a forecasted 5-year CAGR of 2.92%, translating to a 15.51% aggregate increase up to 31.72 billion Euros. Key trends to watch include technological advancements in urban mobility, increasing investments in sustainable transport solutions, and evolving consumer preferences toward efficient public transportation options to combat urban congestion and environmental concerns.
