Decreasing real income, tight financial conditions, and soft external demand weigh heavily on the European Road Freight market. New Ti data projects that:
– The European road freight market will contract –0.4% in 2023.
– In 2024, the European road freight market is projected to expand 1.7%.
– Out to 2027, the total European road freight market will grow 1.7% on average.
– On the back of solid trade forecasts, the international road freight market is expected to grow faster than domestic out to 2027.
Download Ti’s latest whitepaper for a breakdown of our brand new 2023, 2024 – 2027 market growth and forecast data. The paper also provides analysis of market conditions and a breakdown of international and domestic forecasts.
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