The trend in road passenger transport movements in the US from 2013 to 2023 indicates steady annual growth, with a notable dip in 2020 due to the pandemic. In 2023, the value stood at 6.8914 trillion passenger kilometers. Over the past two years, there was a significant rebound with year-on-year growth at 6.96% in 2022 and 4.4% in 2023. The 2023 CAGR over the last five years stands at 0.79%, reflecting a recovery phase following the 2020 decline.
Future trends to watch for:
- Continued growth at an average annual rate forecasted at 1%, reaching 7.3402 trillion passenger kilometers by 2028.
- Impact of technological advancements like electric vehicles and autonomous driving on transport efficiencies.
- Potential disruptions from alternative transportation modes and evolving urban mobility ecosystems.