In 2023, the value added of land transport and transport via pipelines in the US stood at 333.4 billion US Dollars. Forecasted figures indicate a consistent upward trend from 2024 to 2028, with a notable year-on-year growth: 2.08% in 2025, 2.01% in 2026, 1.96% in 2027, and 1.89% in 2028. This implies a strong positive demand driver for the sector. The compound annual growth rate (CAGR) for 2024-2028 is approximately 1.97% annually.
Future trends to watch for include:
- Technological advancements such as autonomous vehicle integration that could impact efficiency and costs.
- Environmental regulations potentially affecting operational practices and capital investment.
- Impacts from geopolitical factors that could influence pipeline transport demand and supply logistics.