The UK’s gross investment in urban and suburban passenger land transport is forecasted to increase steadily from £2.5 billion in 2024 to £2.61 billion by 2028. The sector experienced a year-on-year growth of approximately 1.2% during this period. In 2023, the actual investment stood at an estimated £2.48 billion, showing a consistent growth trend into 2024. The compound annual growth rate (CAGR) over the next five years is projected at 1%, indicating sustained but moderate expansion.

Future trends to watch for include:

Increased investments driven by policies focusing on sustainable urban transport.
Technological advancements influencing investment decisions, particularly in electric and autonomous transport solutions.
The potential impact of economic fluctuations and regulatory shifts on funding allocation within the sector.