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, fundamentally altering the way supply chains function. This transition encompasses the incorporation of advanced digital technologies into every facet of transportation operations. At the heart of this trend are technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), data analytics, and blockchain. AI and data analytics empower predictive insights and real-time decision-making by processing massive data volumes to optimize routes, forecast demand, and improve resource allocation. The IoT links devices, vehicles, and equipment, enabling real-time tracking, remote monitoring, and uninterrupted communication among all stakeholders. 

Get more information on Road Freight Transportation Market in Europe by requesting a sample report

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
• Destination
  • Domestic
  • International
• Container Type
  • 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

Benefits of Buying Global Road Freight Transportation Market in Europe Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Road Freight Transportation Market in Europe Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The European Road Freight Transportation Market is undergoing a digital transformation, integrating multimodal transport, logistics optimization, and supply chain visibility through data analytics, driver training, fleet telematics, geolocation services, IoT, AI, and machine learning. Blockchain technology, smart contracts, e-commerce logistics, and cross-border shipping are also key areas of focus. Freight optimization includes delivery optimization, route planning, capacity planning, inventory management, order fulfillment, and customer service. Sustainability initiatives, such as green logistics, carbon offsetting, electric truck infrastructure, and autonomous trucking, are also prioritized. Freight forwarding platforms, digital marketplaces, and real-time freight pricing further streamline the industry.

Market Research Overview

The European road freight transportation market encompasses various sectors, such as freight forwarding, parcel delivery, full truckload, intermodal transportation, logistics services, and supply chain management. According to Technavio, the European cargo ground transportation market size is determined by the consolidated revenue of enterprises active in the goods and freight transportation industry, which comprises trucking, car, camper, bus, van, and motorbike companies. Market expansion will be fueled by the continuous increase in cargo volumes, particularly in emerging economies, leading to a significant logistics boom. Key drivers include the growth of international trade, the rise of e-commerce, and the increasing demand for efficient transportation management systems.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/