In 2023, the Land Transport and Pipeline Transportation sector in the UK recorded a Gross Value Added of 32.30 billion pounds. The forecast from 2024 to 2028 indicates a consistent growth pattern, with values rising from 32.95 billion pounds in 2024 to 35.52 billion pounds in 2028. The year-on-year growth rates are 2.0% for 2024, 2.0% for 2025, 1.9% for 2026, 1.8% for 2027, and 1.8% for 2028. These figures suggest a Compound Annual Growth Rate (CAGR) of approximately 1.9% from 2024 through 2028.
Future trends to watch for include:
- The impact of urbanization and infrastructure development on transport demand.
- Technological advancements, such as automation and electric vehicles, reshaping the sector.
- Potential regulatory changes around environmental standards and emissions.