EUROPE ROAD FREIGHT TRANSPORT MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

EUROPE ROAD FREIGHT TRANSPORT MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Europe road freight transport market is expected to witness a CAGR of less than 3% during the forecasted period of 2020-2025. The market in the road transport sector, for international (intra-EU) freight services has been entirely opened to competition, but domestic transport remains largely protected. On the freight side, cabotage, domestic transport performed by foreign haulers, is subject to restrictions. As a consequence, operators face difficulties in optimizing their operations and one in two vehicles operating domestic transport outside of its country of registration runs empty. Haulers from some of the new EU countries, e.g. Poland, Bulgaria, Croatia and Romania are largely dominating the transport operations in the external trade of their respective countries.

Key Highlights

• The EU has been suffering from low levels of investment in transport infrastructure. This has held back modernization of the EU's transport system. This poses as one of the major factors restraining the growth of the road freight market in the region.
• China to Europe road freight transport capacity is increasing with China’s Belt and Road project implementation. Major international players like CEVA, DHL and DSV are observing increasing interest and demand for China to Europe road freight.

Key Market TrendsMining and Quarrying Products Dominating Road Freight Loads in EU

In terms of tonnage, European road freight transport continued to increase in 2018 (1.3 % compared with 2017), reaching the highest value since 2014. In 2018, “metal ores and other mining and quarrying products” was the largest product group terms of tonnage, accounting for 3661 million tons and a share of 24.6 % in terms of tonnage. Other important product groups were “other non-metallic mineral products” (11.9 %), “basic metals, fabricated metal products” (4.0 %) and “wood and products of wood and cork” (3.9 %). In terms of tonnage, the highest rises between 2017 and 2018 were recorded for “Transport equipment” (3.3 %) and “basic metals, fabricated metal products” (3.2 %).

Dominance of Roads in Combined Transportation in Europe

Road transport continues to have the largest share of EU freight transport performance among the three inland transport modes. Combined transport also called as intermodal transportation is on a growth in Europe and this has led to the increasing importance of road freight in conjunction with other transportation like ocean and rail transport. The increasing intra-EU trade along with the growth in the international trade has resulted in increasing dependency on intermodal road freight transportation in the region.

Competitive Landscape

The Europe road freight transport market is expected to be highly competitive with the large number of international and domestics. The competition is prevalent on the basis of costs in European road freight market. The major players in the road freight market are DHL, XPO, United Parcel Service, DSV, and KUEHNE + NAGEL.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
DHL
XPO
United Parcel Service
DSV
KUEHNE + NAGEL
CEVA LOGISTICS LIMITED
PRIMAFRIO SL
Turners (Soham) Ltd
Wincanton plc.
Bollore Logistics
DPD
KARL SCHMIDT SPEDITION GMBH & CO. KG
Agility
YUSEN LOGISTICS
Expeditors

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