The Land Transport and Pipeline Transportation sector in the US achieved a Gross Value Added (GVA) of $332.9 billion in 2023. Forecasts indicate a steady growth pattern from 2024 onwards, with the GVA expected to rise to $369.21 billion by 2028. Over the forecasted period, the sector is projected to exhibit a compound annual growth rate (CAGR) of approximately 2.5%. This indicates a stable upward trend within the industry.

Future trends to watch:

Technological advancements in autonomous and electric vehicles likely to influence sector efficiency and costs.
Policy changes impacting infrastructure investment as government focus on sustainable transportation grows.
Potential implications of global supply chain adjustments on pipeline transportation.