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.