Based on the forecasted data, the warehousing and support activities for transportation output in the US is expected to steadily increase from $399.39 billion in 2024 to $469.85 billion by 2028. This demonstrates a consistent upward trend with an annual growth rate of approximately 4.2% to 4.4% year-over-year. In 2023, the value stood at $383.15 billion, indicating a robust growth trajectory.
Key variations and trends:
- 2025 shows a 4.5% increase over 2024.
- 2026 demonstrates a 4.2% increase over 2025.
- 2027 reflects a 4.0% increase over 2026.
- 2028 shows a 3.8% increase over 2027.
The Compound Annual Growth Rate (CAGR) over the 5-year period from 2023 to 2028 stands at approximately 4.1%.
Future trends to watch for include advancements in automation and AI used in warehouse management and logistics, growth in e-commerce driving increased demand for warehousing space, and potential disruptions in global supply chains affecting transportation support activities. Investments in sustainable practices and infrastructure improvements are also expected to play significant roles in shaping the industry's future.
