Denmark Road Freight Logistics Market - Forecasts from 2021 to 2026

The Denmark road freight logistics market is projected to witness a compound annual growth rate of 2.41% to grow to US$6,670.174 million by 2026, from US$5,647.722 million in 2019. The market is expected to surge in the coming years, due to the rise in the auto, chemical, pharmaceutical, and other sectors trade in the country. The country has been developing its road infrastructure at a significant rate, in the past few years. According to the data given by the Ministry of Transport, Denmark has over 73,000 km of the total road network. The country has more than 379 km of dual carriageways. The country has been developing efficient transport corridors, which has led to an increase in the efficiency of road freight logistics networks and systems. The major transport corridors in the country had been developed, intending to connect them to its key European neighbours. The government, companies, and logistics experts have been improving the transport and road freight logistics systems and network, along its key transport corridors. For instance, in 2020, it was announced that a novel Fehmarn belt fixed link road has been expected to become operational between Germany and Denmark. The novel belt consists of a combined motorway network, which had been expected to enhance the transport corridor in the country.

Improvement and development of transport networks

The market is expected to surge in the coming years, due to the increasing improvement and development of transport networks in the country. With the rise in the demand for fast delivery and transportation solutions, the Danish government has been building and improving its transport corridors in the country. There are several imperative corridors in the country. One of the key corridors has been developed and functions through Jutland from the German-Danish border and links up with the ferry connections to Norway and Sweden. The improvement in logistics solutions has been key to the success of the corridor. In 2020, the country had opened the novel Fehmarn belt fixed link which is further expected to improve the road freight trade and logistics between Danish and Germany. Major firms have been making significant developments in the market. For instance, FREJA has been offering road freight logistics solutions to its customers in the country. The company handles the full logistics flow from the production to the end-user. Several international firms have also been offering road freight logistics solutions. For instance, FedEx, one of the leading transportation companies, has been offering road freight logistics services and solutions to its customers in the country. These trends and developments are expected to play a key and major role in the market growth, in the coming years.

COVID-19 impact on the Denmark road freight logistics market

Denmark's road freight logistics market had been growing at a healthy pace before the outbreak of the COVID-19 pandemic. However, the pandemic had a negative impact on the market growth due to a halt in the activities owing to the lockdowns and transportation restrictions implemented by the government of Denmark to curb the spread of the coronavirus. As the manufacturing facilities were shut down and various end-use industries such as automotive were impacted severely, the demand for road freight logistics witnessed a sudden slump and the market growth saw a negative trend. However, the healthcare road freight logistics had been very busy throughout the pandemic, which reduced the negative impact from other end-use industries a bit, but overall, the market growth declined.

Market Segmentation:

By Services

• Part Load
• Whole Load
• Inland Transportation
• Others

By Enterprise Size

• Small
• Medium
• Large

By Application

• Residential
• Commercial
• Industrial

By End Users Industry

• Automotive
• Manufacturing
• Food and beverage
• Chemical
• Pharmaceuticals
• Others