In 2023, the value added of transport equipment in the US stood at 343.50 billion USD. The forecasted values for 2024 through 2028 show a consistent year-on-year growth. In 2024, the value is projected to be 349.73 billion USD, reflecting an increase of approximately 1.8% from the previous year. For 2025, it is expected to reach 357.02 billion USD, with a year-on-year growth of around 2.1%. The value for 2026 is forecasted at 364.16 billion USD, representing a 2.0% increase from 2025. By 2027 and 2028, the values are anticipated to be 371.17 billion USD and 378.03 billion USD, respectively, showing year-on-year growths of about 1.9% and 1.8%.
Future trends to watch for include technological advancements in transport equipment, shifts in consumer preferences towards electric and autonomous vehicles, and potential regulatory changes. Additionally, economic factors such as inflation and supply chain dynamics could impact the industry’s value added trajectory over the forecast period.