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European Road Freight Transport Industry Report 2023-2027: Freight Market Grapples with Recovery Challenges - Companies Turn to Technology and Value-Added Services
Research and Markets
5 min read
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Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The "European Road Freight Transport 2023" report has been added to ResearchAndMarkets.com's offering.

European road freight market is projected to lose speed in 2023, expanding by only 1.4% in real terms

The European Road Freight Transport 2023 report paints a nuanced picture of a road freight market characterized by a fragile recovery, where unpredictable factors cast a shadow of uncertainty, presenting complex challenges.

The market moderation that began in the latter half of 2022 extends its influence into 2023. The year unfolds against a backdrop of diminishing real income, tight financial conditions, and subdued external demand, collectively exerting pressure on Europe's economic activity and future outlook. This economic context translates into a deceleration in both the domestic and international road freight market segments.

This comprehensive report offers an in-depth analysis of the competitive landscape within the European road freight market. It provides essential market projections and trade forecasts, serving as a vital tool for business leaders tasked with making critical decisions in these challenging times.

In these uncertain times, the European Road Freight Transport 2023 report serves as an indispensable resource, providing clarity and strategic guidance to stakeholders and decision-makers across the road freight industry.

Key Findings:

  • 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.

  • Publisher data shows that the total European road freight market will see a real CAGR of 2.1% from 2022 to 2027.

  • The 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

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