Between 2013 and 2022, turnover in the Urban and Suburban Passenger Land Transport Sector in Denmark showed periods of significant growth and occasional decline. Notably, the sector experienced substantial growth in 2017 with a 19.27% increase. However, 2020 saw a significant drop of 8.94% likely due to the pandemic. By 2023, the turnover stood at 14.3 Billion Danish Krones, marking a modest year-on-year increase of 2.02%. The Compound Annual Growth Rate (CAGR) for the past five years is slightly negative at -0.032%.
Future trends to watch for include:
- Slow but consistent growth with a forecasted 5-year CAGR of 1.45%.
- Expected increase in turnover to 15.67 Billion Danish Krones by 2028, translating to a 7.48% growth rate over the forecasted period.
Monitoring advancements in urban mobility solutions, demographic changes, and environmental policies will be critical for future strategic planning in this sector.
