The Market will Return to Growth in 2024, Growing by 1.6%
The growth outlook for European road freight remains subdued, however macroeconomic forecasts are changing positively. Data projects the market will return to growth in 2024, growing by 1.6%. What’s the growth outlook for domestic and international markets and out to 2028?
The European Road Freight Transport 2024 report provides in-depth data and comparative analysis.
The full report analyses the competitive landscape in the market and offers in-depth market projections and trade forecasts: an essential tool for business leaders making critical decisions.
The report contains:
- Market sizing, growth rates and forecasts for 2023 and 2024 - 2028, split by country, domestic & international.
- Analysis of the key factors influencing demand, growth, opportunities, and challenges within the European Road Freight market.
- In-depth analysis and cost of ownership comparison of hydrogen, battery electric and diesel trucks.
- European Road Freight Transport Provider Profiles.
- Comparison of M&A activity within the market, including activity across sectors and regions.
- Competitive landscape
- Analysis of the State of Logistics European Road Freight Survey 2024
- Profiles of the top 10 most promising road freight start-ups in the European market.
Key Findings:
- The European road freight market is projected to expand by 1.6% in 2024.
- Domestic and international road freight markets will return to growth in 2024.
- Almost all European road freight markets are forecasted to grow in 2024.
- Toll increases across Europe will raise road freight rates by 5% to 10%.
- 5% of survey respondents state that load optimisation is one of the most effective strategies to mitigate rising operating costs.
- Consumer goods, high-tech and pharmaceuticals offer the best prospects for volume growth.
- A vast majority of surveyed road freight companies developed their digital freight booking platform internally.
- Almost all of the top 20 European road freight providers saw revenues decline in 2023.
- DB Schenker accounts for 1.8% of the road freight market, and is the clear market leader.
Key Questions:
- How fast is the market forecast to grow out to 2028?
- How fast are domestic and international road freight markets forecast to grow out to 2028?
- Who are the top 10 road freight start-ups to watch in 2024?
- Automotive and e-commerce are important drivers of road freight growth, how will these markets perform over the coming months?
- What strategies are providers implementing in response to increased tolls?
- Which decarbonization pathway is the most cost-effective?
- Which sector is the most attractive target for consolidation among road freight forwarders?
- Who are the Top 20 European Road Freight providers?
- Which sectors offer the best prospects for volume growth?
This report is perfect for
This report is specifically written to provide comprehensive and easily accessible strategic information to those involved or with an interest in this sector as well as: Global manufacturers
- Banks and financial institutions
- Supply chain managers and directors
- Logistics procurement managers
- Marketing managers
- Knowledge managers
- Investors
- All C-level executives
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CEVA/GEFCO
- Dachser
- DB Schenker
- DPDHL
- DSV A/S
- Fedex
- Geodis
- Kuehne + Nagel
- LKW Walter
- Rhenus Logistics
