In 2023, the final consumption of natural gas by the transport equipment sector in the UK was recorded at 4.95 thousand gigawatthours. The forecasted data from 2024 to 2028 indicates a steady decline. In 2024, consumption is expected to be 4.81, decreasing to 4.25 by 2028. Year-on-year, the sector anticipates a reduction of approximately 3% from 2024 onwards. The compounded annual growth rate (CAGR) from 2023 to 2028 suggests a decrease of approximately 3.1% annually, reflecting a consistent downward trend.

Future trends to watch for:

Shifts in regulatory policies impacting natural gas usage.
Advancements in alternative green technologies such as electric and hydrogen-powered transport.
Market adaptation to potential pricing fluctuations in natural gas.
Increased investment in energy efficiency and sustainability within the sector.