In 2023, the transport of passengers by buses and coaches in Italy stood at 3.62 million units, reflecting a gradual recovery with a 5.85% year-on-year increase from 2022. The industry experienced significant disruptions due to the COVID-19 pandemic, particularly in 2020 when there was a drastic decline of 36.62%. Since then, the sector has shown resilience, with notable year-on-year increases of 29.16% in 2021 and 11.08% in 2022.
The five-year compound annual growth rate (CAGR) up to 2023 was -1.13%, indicating a slight long-term decline. The forecast suggests a continued decrease with a 5-year CAGR of -1.61%, projecting the market to contract by 7.78% by 2028, reaching 3.27 million units.
Future trends to watch for:
- Increased adoption of digital ticketing and smart mobility solutions.- Enhanced focus on sustainable and eco-friendly transport options.- Potential impact of economic fluctuations and changes in tourism rates.- The influence of government policies and investments in public transportation infrastructure.
