The land transport and pipelines sector in the US is forecasted to show steady growth from 2024 to 2028. With an output valued at $725.14 billion in 2024, the industry is set to rise to $814.01 billion by 2028. This translates to a consistent year-on-year growth, averaging around 3.5% annually, as measured by the Compound Annual Growth Rate (CAGR) over this five-year period. Notably, the expected increase aligns with emerging economic recovery and infrastructure investments.
Future trends to watch for include:
- Continued investment in sustainable and technologically advanced transportation infrastructure.
- Impact of regulatory changes on pipeline operations and land transport logistics.
- Adoption of digital technology for enhancing efficiency and capacity management.