Europe Road Freight Transport Market Size

Europe Road Freight Transport Market Analysis

The Europe Road Freight Transport Market size is estimated at 496.83 billion USD in 2024, and is expected to reach 601.59 billion USD by 2030, growing at a CAGR of 3.24% during the forecast period (2024-2030).

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496.83 Billion

Market Size in 2024 (USD)

601.59 Billion

Market Size in 2030 (USD)

2.37 %

CAGR (2017-2023)

3.24 %

CAGR (2024-2030)

Largest Market by Distance

73.37 %

value share, Long Haul, 2023

The long-haul segment has been dominant in the European road freight market as the countries in the region share close borders that foster trade between them.

Largest Market by Goods Configuration

73.33 %

value share, Solid Goods, 2023

Solid goods dominate the market as the majority of goods transported are within the solid goods segment, which also contributes to the region's value-added output broadly.

Largest Market by End User Industry

35.06 %

value share, Manufacturing, 2023

Growth in advanced manufacturing in Europe is expected to offer excellent export potential for industries such as machine tools, robotics, and electronics.

Fastest Growing Market by Truckload Specification

3.63 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

The LTL segment's growth is attributable to the booming e-commerce industry. Europe’s e-commerce is expected to register a CAGR of 8.85% during 2023-2027.

First Leading Market Player

3.06 %

market share, DB Schenker, 2022

DB Schenker operates from 430 land transport branches across 38 European countries. It uses the first hydrogen-powered 40-ton truck in cross-border transportation in Europe.

Retail e-commerce surge driving advancements in the wholesale and retail trade end user segment

Understand The Key Trends Shaping This Market

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Increasing road freight volume transported across Europe and government initiatives to develop the infrastructure are driving the growth in the market

Europe Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control. France, Germany, Italy, Netherlands, Nordics, Russia, Spain, United Kingdom are covered as segments by Country.

• In 2022, the manufacturing end-user segment grew due to the rise in human-robot collaboration, which boosted production. Germany is the fifth largest robot market globally, with 22,000 industrial robots utilized in various industries, accounting for 6% of the global robot installations as of 2021. Moreover, in 2021, the Schwarz Group, a German food retailer, emerged as the foremost retail company in Europe, with a total revenue of USD 153.75 billion within the region. In Germany, the retail sales of consumer durables were projected to increase by 1.50% YoY in 2022. This was supported by an estimated 5.40% increase in private consumption in 2022.
• In Europe's oil and gas, mining, and quarrying sectors, German regasification plans are one of the factors driving growth in the oil and gas end-user segments. Russia supplies the country's natural gas needs. As a result, Germany is expected to add the highest LNG regasification capacity in Europe between 2022 and 2026, accounting for 36% of the region's total capacity additions by 2026. In 2022, Italy's net energy import costs are expected to more than double, reaching USD 113.24 billion.
• The wholesale and retail trade end-user segment is poised for substantial growth in the upcoming years, primarily driven by the anticipated expansion of the European e-commerce industry, projected to register a compounded annual growth rate (CAGR) of 8.85 from 2023 to 2027. In the context of the German e-commerce landscape, it is projected that the market will encompass 68.4 million users by 2025, achieving a penetration rate of 81.9%, marking an increase from 80.1% in 2022.

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