European Road Freight Market Forecasts reveal the market will grow by 8.6% in 2021, and will be 2.2% larger than 2019’s pre-pandemic peak.
The European road freight market has been on somewhat of a rollercoaster ride during the Covid-19 pandemic, buffeted by supply and demand shocks.
Ti’s new market forecast data reveals that the market grew by 11.1% in the first half of 2021, and is projected to be worth €352.39bn at the end of 2021, 2.2% larger than 2019’s pre-pandemic peak. This expansion will continue over the next 5 years, with Ti’s new data projecting the market will expand at a 4.4% CAGR through to 2025.
Our latest whitepaper, European Road Freight Market Forecasts 2021-2025, contains H1 2021 growth rates, 2021 full year forecasts and projections out to 2025. The whitepaper also assesses influences on market development and the impact of road freight challenges on market growth, and how this will affect development out to 2025.
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