Latest News- Road Freight Transportation Market in Europe: Medium and heavy commercial vehicle is expected to lead the Vehicle Type segment during 2025-2029

The Road Freight Transportation Market in Europe is being driven by High significance of road freight in intermodal transportation

The Road Freight Transportation Market in Europe is expected to grow at a CAGR of 1.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 41.2 billion. The European road freight transportation sector is undergoing a significant digital transformation, revolutionizing supply chain operations and enhancing industry efficiency, transparency, and responsiveness. This transformation is characterized by the integration of advanced digital technologies, including artificial intelligence (AI), the Internet of Things (IoT), data analytics, and blockchain. AI and data analytics empower real-time decision-making and predictive insights by analyzing vast datasets to optimize routes, anticipate demand, and allocate resources effectively. The IoT facilitates seamless communication and real-time tracking among all stakeholders by connecting devices, vehicles, and equipment. These technologies are transforming the road freight transportation landscape in Europe, driving operational excellence and competitive advantage. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Medium and heavy commercial vehicle
  • Light commercial vehicle
• Product
  • Food and beverages
  • Metals and mining
  • Dangerous goods
  • Agriculture
  • Others
• End-User
  • Agriculture
  • Fishing
  • Forestry
  • Construction
  • Manufacturing
  • Pipe
  • Agriculture
  • Fishing
  • Forestry
  • Construction
  • Manufacturing
  • Pipe
• Destination
  • Domestic
  • International
  • Domestic
  • International
• Container Type
  • Containerized
  • Non-Containerized
  • Containerized
  • Non-Containerized
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Spain

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High significance of road freight in intermodal transportation
• Growing demand for road freight from e-commerce industry
• Increasing cross-border trade

However, the market also witnesses some limitations, which are as follows:

• Competitive pricing and higher operational costs of road freight transportation
• Lack of truck drivers
• Increased availability of alternate freight services

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Market Scope in Road Freight Transportation Market in Europe Research Report

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Research Analysis Overview

The European Road Freight Transportation Market is undergoing a digital transformation, focusing on multimodal transport, logistics optimization, and supply chain visibility through data analytics, driver training, fleet telematics, geolocation services, and the Internet of Things. AI, machine learning, and blockchain technology facilitate smart contracts, e-commerce logistics, and cross-border shipping. Freight auditing, delivery optimization, and capacity planning ensure cost optimization, operational efficiency, and sustainability initiatives like green logistics and carbon offsetting. Digital freight marketplaces and real-time freight pricing further streamline the industry.

Market Research Overview

In the European market, the road freight transportation sector encompasses various segments such as freight forwarding, parcel delivery, full truckload, intermodal transportation, logistics services, and supply chain management. The market size is determined by the consolidated revenue generated by enterprises active in the goods and freight transportation industry, comprising truck, car, camper, bus, van, and motorbike companies. The market expansion will be fueled by the escalating demand for goods transportation, particularly in emerging economies, which is anticipated to experience a significant surge in logistical activities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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