The share of goods road motor vehicles within the total road motor vehicles in the US is forecasted to increase annually from 2024 to 2028. In 2023, this share stood at 55.70%. The year-on-year growth from 2024 to 2028 exhibits steady increments, commencing at 56.29% in 2024 and reaching 58.63% by 2028. The compound annual growth rate (CAGR) over these five years is moderate and indicates a consistent upward trend.
Future trends to watch for:
- Transition to eco-friendly vehicles might impact growth projections.
- Technological advancements in logistics could influence vehicle distribution.
- Evolving trade policies may affect the goods transport domain.
