NEW YORK, June 27, 2022 /PRNewswire/ -- The "Road Freight Transportation Market In Europe by Product (Food and beverages, Metals and mining, Dangerous goods, Agriculture, and Others) and Geography (Germany, Spain, UK, France, and Rest of Europe) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The road freight transportation market size growth is expected to progress at a CAGR of 3% and is estimated to grow by USD 58.43 billion from 2020 to 2025. Technavio categorizes the road freight transportation market in Europe as a part of the global trucking market. The research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the road freight transportation market in Europe during the forecast period.
Get ready to achieve excellent business outcomes from this exclusive Road Freight Transportation Market In Europe report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Road Freight Transportation Market In Europe report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Road Freight Transportation Market In Europe Forecast Report - Buy Now!
Key Market Dynamics:
Market Driver - The key factor driving growth in the Europe road freight transportation market is being an integral part of intermodal transportation. Intermodal transportation means the use of various modes of transportation for shipping a single or multiple shipments from the same source. The railroad segment dominates intermodal transportation. This is because not all the ports or cities are accessible through the water channels. However, it is noticed that the road–water intermodal freight transportation is increasingly gaining popularity globally. Companies, nowadays, are increasingly relying on intermodal transportation for the shipment of goods. Companies now cannot only rely on one mode of transportation for shipping goods. Without road freights, shipments cannot reach the terminals of rail or seaports. Therefore, road freight is an integral part of intermodal transportation.
Market Challenges - The competitive pricing and higher operational costs will be a major challenge for the Europe road freight transportation market during the forecast period. Operational costs are constantly changing because of the volatility in the prices of crude oil. As freight companies are under contract, they cannot pass on the changes in the fuel prices to their customers. In addition, while renewing contracts, customers of the freight service providers negotiate for lower prices. There has been an increase in the demand for value-added services and specialized professional supply chain solutions. Road freight carriers are increasingly becoming competitive in terms of pricing their services. This has decreased the profitability of companies in the road freight business. The low revenue of small-sized road freight companies makes it challenging for them to achieve breakeven points early.
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The road freight transportation market in Europe report is segmented by Product (Food and beverages, Metals and mining, Dangerous goods, Agriculture, and Others) and Geography (Germany, Spain, UK, France, and the Rest of Europe).
Revenue Generating Segment: The road freight transportation market share growth in Europe by the food and beverages segment will be significant for revenue generation.
Regional Analysis:30% of the market's growth will originate from the Rest of Europe during the forecast period. Poland is the key market for road freight transportation in the Rest of Europe
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Some Companies Mentioned
The road freight transportation market in Europe is fragmented and the vendors are deploying growth strategies such as opting for mergers and acquisitions and strategic alliances to compete in the market.
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The road freight transport market share in Colombia is expected to increase by USD 1.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.58%.
The truck-as-a-service market share is expected to increase by USD 24.92 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 22.19%.
Road Freight Transportation Market In Europe Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2021-2025
USD 58.43 billion
YoY growth (%)
Performing market contribution
Rest of Europe at 30%
Leading companies, competitive strategies, consumer engagement scope
DACHSER SE, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., GEODIS, XPO Logistics Inc., Hellmann Worldwide Logistics SE and Co. KG, Kuehne + Nagel International AG, Rhenus SE and Co. KG, and Schenker AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Food and beverages - Market size and forecast 2020-2025
Metals and mining - Market size and forecast 2020-2025
Dangerous goods - Market size and forecast 2020-2025
Agriculture - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Product
Germany - Market size and forecast 2020-2025
Spain - Market size and forecast 2020-2025
UK - Market size and forecast 2020-2025
France - Market size and forecast 2020-2025
Rest of Europe - Market size and forecast 2020-2025
Market opportunity by geography
Market positioning of vendors
Deutsche Post DHL Group
DSV Panalpina AS
Hellmann Worldwide Logistics SE and Co. KG
Kuehne + Nagel International AG
Rhenus SE and Co. KG
XPO Logistics Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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