The forecasted share of household expenditure for transport services in the US shows a gradual increase from 14.52% in 2024 to 14.93% in 2028. This represents a year-on-year increase of around 0.1%, indicating steady growth. In 2023, this share was slightly lower, reflecting a trend towards higher spending on transport services relative to other transport-related expenditures.
Future trends to watch:
- Potential impact of technological advancements in transport services, making them more accessible and efficient.
- Changes in consumer preferences towards sustainable and eco-friendly transport options.
- Policy changes affecting transport service regulations and pricing.