Based on the provided forecasted data, the production of buses and coaches in South Korea is expected to decrease steadily from 2024 to 2028. The values are expressed in thousands, and while there is no provided figure for 2023, the projected year-on-year percentage changes from 2024 onwards indicate a consistent decline. Specifically, the production is anticipated to drop by approximately 1.37% annually, suggesting a modest but steady downward trend.
Key trends observed:
- Expected reduction in bus and coach production, year-on-year, through 2028.
- A compound annual growth rate (CAGR) of around -1.37% over the five-year period.
Future trends to watch for include potential shifts towards electric or autonomous buses, government incentives for eco-friendly transportation, and developments in public transportation policies. These factors could impact both the volume and nature of bus and coach production.
