In 2023, production in the UK's inland freight waterway transport sector was valued at 91.5 million pounds. The forecast from 2024 to 2028 shows a steady increase, with values rising from 94.72 million pounds in 2024 to 107.23 million pounds in 2028. The year-on-year growth rate averages 3.4% over the period, with a compound annual growth rate (CAGR) of approximately 3.1%.
Future trends to watch for:
- Technological advancements, such as automation and digitization, improving operational efficiency.
- Environmental regulations potentially driving demand for greener transport options.
- Increased investment in infrastructure, enhancing capacity and connectivity of waterways.