European Road Freight Transport 2023Now available to download
European Road Freight Transport 2023 shows a picture of weak recovery, with some unpredictable factors creating an uncertain, challenging and complex market environment.
The market moderation seen in the second half of 2022 has spilled over into 2023. As a result, the European road freight market is projected to lose speed in 2023, expanding by only 1.4% in real terms. In 2023, decreasing real income, tight financial conditions, and soft external demand will weigh on Europe’s economic activity and outlook. Both the domestic and international road freight markets segments will experience a slowdown.
The full report also analyses the competitive landscape in the European road freight 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 2022 and 2023 - 2027, split by country, domestic & international
- Competitive landscape analysis
- Comparative road freight provider profiles
- Analysis of Ti's State of Logistics European road freight Survey
- Digital road freight landscape, profiles and funding analysis, tracking the evolution of digital offers across the value chain
- How fast is the market expected to grow throughout the rest of 2023 to 2027?
- How fast are the international and domestic road freight markets expected to grow over the next 5 years?
- Where do opportunities lie within the market? And how can these opportunities best be captured?
- Who are the Top 20 providers and how do they compare against one another based on financial performance; expansion, technology, sustainability and operational strategy?
- What sustainability efforts are the leading industry players adopting?
- How will the structure of the European road freight market change in the next 5 years?
- Which sectors offer the best prospects for volume growth in the road freight sector?
- What does the digital road freight landscape currently look like? How is it evolving?
- What are the implications of the shift in the venture capital landscape for the digital forwarding sector?
- What strategies are leading players adopting in order to drive growth?
- The European road freight market grew 3.5% in real terms in 2022. However, the war in Ukraine acted as a major setback to recovery.
- The European road freight market is projected to lose speed in 2023, expanding by only 1.4% in real terms.
- Ti data shows that the total European road freight market will see a real CAGR of 2.1% from 2022 to 2027.
- Ti’s State of Logistics Road Freight Survey 2023 reveals that 84% of road freight companies are currently experiencing increased pressure on margins as costs soar and demand weakens.
- The top three strategies to sustain profit margins include technology investments, new and better value-added services, and increased focus on higher margin clients.
- The venture capital landscape is shifting, with investors being more cautious and slowing down the deployment of capital in digital forwarders. One of the implications is that the start-up strategy will become more targeted towards profitable growth.
- A number of companies demonstrate ambitious targets for the next 5 to 10 years, however only five out of the top 20 European road freight companies have set carbon neutrality targets.