Market Size of Czech Republic Road Freight Transport Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 6.68 Billion |
Market Size (2029) | USD 7.31 Billion |
CAGR (2024 - 2029) | 1.83 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Czech Republic Road Freight Transport Market Analysis
The Czech Republic Road Freight Transport Market size is estimated at USD 6.68 billion in 2024, and is expected to reach USD 7.31 billion by 2029, growing at a CAGR of 1.83% during the forecast period (2024-2029).
The logistics and supply chain market is changing and facing new challenges that were not recognized a few years ago, such as low industrial vacancy rates, labor shortages, and the approaching peak of the economic cycle. Many companies are already meeting these challenges, or they at least recognize the strong need to increase investments in technology and innovation, along with enhancing the volume and quality of employee training.
- The unfavorable demographic development affected by the declining reproductive capacity forces in the Czech Republic leads to the need to focus on transportation. It is especially the case for long-distance transport, where it is unbearable in the future for one driver to transport only a few metric ton of goods.
- Trucking accounts for 3% of GDP in the Czech Republic and is also an important source of the state budget. This is because Czech trucks operate largely outside the territory of the Czech Republic, but all taxes and levies are paid at home. The state obtains EUR 21.6 to EUR 28.8 thousand a year from various trucks on various levies.
Czech Republic Road Freight Transport Industry Segmentation
The report covers the introduction of the market in Czech Republic, Spotlight on Freight Rates, Technological Developments in the Market Demand and Supply Analysis - Trucks, Drivers, and Labor, and Commentary on Fuel Costs. The report also provides qualitative and quantitative analysis of segmentation by destination and end user.
Additionally, the report also provides company profiles to understand the competitive landscape of the market.
By Destination | |
Domestic | |
International |
By End User | |
Construction | |
Oil and Gas and Quarrying | |
Agriculture, Fishing, and Forestry | |
Manufacturing and Automotive | |
Distributive Trade | |
Other End Users (Pharmaceutical and Healthcare) |
Czech Republic Road Freight Transport Market Size Summary
The Czech Republic road freight transport market is experiencing a transformative phase, driven by evolving logistics and supply chain dynamics. Companies are increasingly investing in technology and innovation to address challenges such as low industrial vacancy rates and labor shortages. The sector is crucial to the national economy, contributing significantly to the GDP and state budget through taxes and levies paid by trucks operating primarily outside the country. Despite a slight decrease in the number of trucks, the market is witnessing a rise in light commercial vehicles and buses. This shift underscores the ongoing adaptation to demographic changes and the need for efficient long-distance transport solutions.
The domestic transportation sector is thriving, with Czech carriers focusing more on internal routes due to increased competition from international players in the EU. This shift has led to a historical peak in domestic transport volumes, as carriers previously engaged in international transport concentrate on the Czech market. However, the influx of international carriers is challenging local companies, with many facing financial difficulties and some exiting the market. The market landscape is becoming more concentrated, with international firms gaining a larger share, impacting the competitive dynamics of the Czech road freight industry.
Czech Republic Road Freight Transport Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Key Driving Factors
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1.3 Spotlight on Freight Rates
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1.4 Technological Developments in the Market
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1.5 Demand and Supply Analysis - Trucks, Drivers, and Labor
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1.6 Commentary on Fuel Costs
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2. MARKET SEGMENTATION
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2.1 By Destination
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2.1.1 Domestic
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2.1.2 International
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2.2 By End User
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2.2.1 Construction
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2.2.2 Oil and Gas and Quarrying
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2.2.3 Agriculture, Fishing, and Forestry
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2.2.4 Manufacturing and Automotive
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2.2.5 Distributive Trade
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2.2.6 Other End Users (Pharmaceutical and Healthcare)
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Czech Republic Road Freight Transport Market Size FAQs
How big is the Czech Republic Road Freight Transport Market?
The Czech Republic Road Freight Transport Market size is expected to reach USD 6.68 billion in 2024 and grow at a CAGR of 1.83% to reach USD 7.31 billion by 2029.
What is the current Czech Republic Road Freight Transport Market size?
In 2024, the Czech Republic Road Freight Transport Market size is expected to reach USD 6.68 billion.