European Road Freight Transport 2023

European Road Freight 2023
European Road Freight Transport 2023 shows a picture of weak recovery, with someunpredictable factors creating an uncertain, challenging and complex market environment.

Market sizing, growth rates andforecasts for 2022, 2023 and outto 2027, split by country, domestic& international

Competitive landscape analysis

Comparative road freightprovider profiles

In depth analysis of Ti’s State ofLogistics European road freightSurvey

Digital road freight landscape,profiles and funding analysis,tracking the evolution of digitaloffers across the value chain

REPORT HIGHLIGHTS:

1. The European road freight market grew 3.5%in real terms in 2022. However, the war in Ukraineacted as a major setback to recovery, causing aslowdown in the road freight market.

2. The market is projected to lose speed in 2023,expanding by only 1.4% in real terms.

3. Ti data shows that the total European roadfreight market will see a real CAGR of 2.1% from2022 to 2027.

4. Ti’s State of Logistics Road Freight Survey 2023reveals that 84% of road freight companies arecurrently experiencing increased pressure onmargins as costs soar and demand weakens.

5. The top three strategies to sustain profitmargins include technology investments, newand better value-added services, and increasedfocus on higher margin clients.

6. There is a shift in the venture capitallandscape with investors being more cautiousand slowing down the deployment of capital indigital forwarders.

7. A number of companies demonstrate ambitioustargets for the next 5 to 10 years, however onlyfive out of the top 20 European road freightcompanies have set carbon neutrality targets.