The UK's land transport and transport via pipelines sector is forecasted to grow steadily from 2024 to 2028, averaging around 1.83% year-on-year growth. In 2023, the sector was valued at £72.12 billion. Over the five-year forecast, the sector is anticipated to increase from £73.53 billion in 2024 to £79.09 billion in 2028, reflecting a compound annual growth rate (CAGR) of approximately 1.5%.
Future trends to watch for:
- Emphasis on sustainable and environmentally friendly transport solutions.
- Technological advancements, particularly in pipeline monitoring and land transport efficiency.
- Impact of UK regulations and global market fluctuations on transport costs and production efficiency.