The passenger capacity of motor vessels in China has been on a declining trend from 2013 to 2023. As of 2023, the capacity stands at 0.83159 million. Over the past two years, the year-on-year variation was -1.44%. In the last five years, the compound annual growth rate (CAGR) is -2.84%, indicating a consistent decline in capacity. The forecast for 2028 suggests a further reduction, with an anticipated five-year CAGR of -1.18% and a forecasted five-year growth rate of -5.74%.
Future trends to watch for include:
- Emerging technologies in maritime transport.
- Government policies and regulations affecting the industry.
- Economic factors influencing travel demand.
- Potential shifts towards alternative transportation modes.
