The forecasted value added of land transport and transport via pipelines in the UK shows a steady upward trend from 2024 to 2028. Starting at £33.08 billion in 2024, it rises to £35.44 billion by 2028. The average year-on-year growth over this period is approximately 1.8%. In 2023, this sector was valued at £32.5 billion, indicating a moderate recovery phase that appears consistent into the future.
Future trends to watch for include:
- Potential disruptive technologies in logistics and transport sector, such as autonomous vehicles and improved pipeline efficiencies.
- Government policies on sustainability might encourage greener technologies, potentially affecting operational costs and revenues.
- Brexit impacts might continue to affect cross-border transport regulations and costs.
