Forecast: Turnover in Inland Waterway Transport Sector in the UK

The turnover in the Inland Waterway Transport Sector in the UK is forecasted to grow steadily from £329.5 million in 2024 to £365.8 million in 2028. In 2023, the sector's turnover stood at £320 million. The year-on-year variation between 2024 and 2025 is 2.85%, while it is 2.71% between 2025 and 2026. From 2026 to 2027, the increase is 2.56%, and from 2027 to 2028, it is 2.47%. Over the last two years, the growth rate has been consistent, underscoring stable market conditions.

Looking at the last five years, the Compound Annual Growth Rate (CAGR) stands at approximately 2.93%, indicating a healthy growth trajectory.

Future trends to watch for include technological advancements in transport logistics, environmental regulations affecting the sector, and the increasing adoption of sustainable practices. External economic factors such as Brexit's ongoing impact and global market fluctuations may also play crucial roles.

Top Countries about Maritime Transport