Forecast: Air Transport Gross Value Added in the UK

The Gross Value Added (GVA) in the UK air transport sector exhibited significant fluctuations over the past decade, peaking at 5.6 billion pounds in 2019 before plummeting due to the pandemic's impact in 2020. A strong recovery followed, with a notable rise to 5.7 billion pounds in 2023, representing a 12.76% increase from the previous year. Forecasted data predicts a steady growth rate with a CAGR of 1.01% over the next five years, reaching 6.07 billion pounds by 2028.

Future Trends to Watch For:

  • Technological advancements and automation in air transport operations.
  • Impact of sustainability initiatives and carbon neutrality goals on the industry.
  • Potential influence of geopolitical events on air travel demand and logistics.
  • Shifts in consumer preference towards air travel post-pandemic recovery.
  • Investments in airport infrastructure and capacity expansion projects.

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