Between 2013 and 2023, the sector saw significant fluctuations with notable dips in 2020 (-9.71%) due to the pandemic, followed by strong recovery in 2021 (21.38%). Recent years (2022-2023) show stabilization with slight growth. The CAGR from 2018 to 2023 stands at 2.02%, decreasing from 2.52% over 2014-2019. Looking ahead, the 5-year forecast for CAGR (2023-2028) is 1.85%, indicating a steady but slower growth trajectory.
Future trends to watch: Automation, digitalization, and sustainability initiatives will shape the sector's growth. Stakeholders should monitor advancements in logistics technologies and regulatory changes impacting transportation and warehousing activities.
