The road passenger transport movement by buses and coaches in Mexico has shown a consistent upward trend from 2013 to 2019, reaching 535.7 billion passenger kilometers in 2019. The only significant decline occurred in 2020 due to the pandemic, where a decrease of 39.05% was observed. Post-2020, the recovery has been notable, achieving a 37.94% increase in 2021, an 11.53% rise in 2022, and a 9.9% boost in 2023, culminating at 552.03 billion passenger kilometers in 2023. The compound annual growth rate (CAGR) over the last five years stands at 0.49%, reflecting this recovery phase.
Future trends to watch for include advancements in sustainable transport options, policy changes to promote public transport, and potential impacts of economic factors on passenger movement demand. The forecasted CAGR for the next five years is 0.97%, indicating a stable but moderated growth, with an expected overall growth rate of 4.95% by 2028.
