From 2013 to 2015, the production in the urban and suburban passenger land transport sector in Greece showed significant fluctuations, peaking at 507.5 million Euros in 2014. However, a general declining trend emerged from 2016 onwards. By 2023, the production stood at 358.9 million Euros. Over the last two years, the sector experienced a year-on-year decline of approximately 1.4% each year. The compound annual growth rate (CAGR) over the past five years is -0.29%, indicating a continuous shrinking of the market.

Looking ahead, the forecast predicts a steady decline, with the sector expected to decrease to 333.2 million Euros by 2028. This represents a forecasted five-year CAGR of -1.19%.

Future trends to watch for:

Impact of economic policy changes on public transportation funding.
Technological advancements and their adoption in urban transport solutions.
Shifts in commuter behavior due to remote work and suburbanization trends.
Environmental regulations and the transition towards sustainable transport options.