In 2023, the construction sand and gravel active operations in Maryland stood at a certain baseline. Forecasted values for 2024 to 2028 show a steady decline from 31.46 to 29.71. The year-on-year decrease from 2024 to 2025 is approximately 1.4%, and from 2025 to 2026, it's about 1.4%. These trends continue similarly in subsequent years. The compound annual growth rate (CAGR) over the 2024-2028 period is negative, signaling a gradual reduction in active operations.
Future trends to watch for include:
- Changes in regulatory policies that could impact the construction sand and gravel industry.
- Technological innovations that might influence operations efficiency and resource management.
- Environmental considerations that could affect industry practices and demand.