The production value of urban and suburban passenger land transport in Italy stood at 11.07 Billion Euros in 2023. Over the past two years, the sector experienced notable shifts, with a year-on-year increase of 6.18% in 2022 and 4.83% in 2023, indicative of post-pandemic recovery. Analyzing from 2013 to 2023, the industry saw fluctuations, marked by dips in 2015, 2017, and notably 2020 due to the pandemic, but marked recovery in subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.22%, demonstrating steady recovery and growth.
Looking ahead, the forecast from 2024 to 2028 projects consistent growth, with a forecasted CAGR of 1.81% and an overall growth rate of 9.37% over the next five years. Future trends to watch include the impact of technological advancements, government policies promoting sustainable transport, and potential shifts in commuter behaviors post-pandemic. Monitoring these factors will be crucial to understanding the long-term trajectory of the sector.
