The number of enterprises in the UK's inland passenger water transport sector is forecasted to exhibit a modest year-on-year increase from 2024 to 2028, with growth moving from 202 enterprises in 2024 to 206 by 2028. This indicates a stable and incremental increase with an average CAGR (Compound Annual Growth Rate) of approximately 0.49% over this period. In 2023, the actual number stood at 201 enterprises, marking a starting point for this upward trend.
Future trends to watch for include:
- Technological advancements enhancing operational efficiency and customer experience.
- Environmental regulations potentially affecting the cost and viability of operations.
- Impact of tourism and domestic travel trends on demand for inland water transport services.
- Investment in sustainable and innovative transport solutions within the sector.
