The output of land transport and transport via pipelines in France has shown significant growth over the past decade, with notable fluctuations. From 2013 to 2019, the sector experienced a steady increase, with an average year-on-year growth rate of 2.76%. However, 2020 saw a sharp decline of 11.61% due to the COVID-19 pandemic. The sector rebounded strongly in 2021 with a 10.89% increase and continued to grow in 2022 and 2023 with year-on-year increases of 7.73% and 6.12%, respectively. In 2023, the value stood at 111.07 billion euros.
The five-year compound annual growth rate (CAGR) leading up to 2023 was 3.25%. Future forecasts suggest a continued growth trend, with the sector expected to reach 129.29 billion euros by 2028. The forecasted five-year CAGR from 2023 to 2028 is 2.39%, indicating a moderate but steady growth.
Future trends to watch for include the impact of environmental regulations, technological advancements, and shifts in demand due to changes in economic conditions or consumer behavior. Additionally, the integration of renewable energy sources and digital transformation will likely play pivotal roles in shaping the sector's growth trajectory.
