Forecast: Urban Transit Systems and Transportation Services Tourism Output in the US

The urban transit systems and transportation services tourism output in the US exhibited a fluctuating trend from 2013 to 2023, with an initial decline followed by substantial growth until 2020, when a significant dip occurred due to various external factors. Over the last two years, the sector recovered robustly, evidenced by the notable 13.28% increase in 2022 and a 1.87% rise in 2023, reaching 6.55 billion USD. The five-year CAGR leading to 2023 stabilized at around 2.03%, indicating a moderate growth trajectory.

Future expectations suggest continued growth, with a forecasted CAGR of 1.47% between 2024 and 2028, projecting the sector to reach 7.14 billion USD by 2028.

Future trends to watch for:

  • Emergence of advanced urban mobility solutions driven by technological innovation.
  • Increased investment in sustainable and eco-friendly transportation infrastructure.
  • Growth in tourism-related transit demand post-pandemic recovery.

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