The number of passenger transport enterprises in the US is forecasted to show a modest growth from 2024 to 2028, with establishments increasing from 24.75 thousand in 2024 to 25.14 thousand in 2028. This indicates a slow and steady growth trend. The growth is quite marginal, with the annual year-on-year increase averaging around 0.4% over these years. Looking back, the sector remained stable in 2023, setting the stage for the slight uptick in subsequent years.
Future trends to watch for include the impact of technological advancements such as autonomous vehicles, regulatory changes, and shifting consumer preferences towards sustainable and shared mobility solutions, which could significantly influence industry dynamics and growth patterns.
