Technavio has been monitoring the road freight transportation market in Europe and it is poised to grow by USD 31.47 billion during 2020-2024, progressing at a CAGR of 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Road Freight Transportation Market in Europe 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Which is the leading segment based on product in the market?
- The food and beverages are expected to be the leading segment based on product during the forecast period.
- What is the major trend for market?
- Increasing cross-border trade is a major growth factor for the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 2%, the incremental growth of the market is anticipated to be USD 31.47 billion.
- What are the top players in the market?
- DACHSER SE, Deutsche Post DHL Group, DSV Panalpina A/S, FedEx Corp., GEODIS, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Rhenus SE & Co. KG, Schenker AG, and XPO Logistics, Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing e-commerce industry and increasing cross-border trade are the major factors driving the market. However, competitive pricing and higher operational costs will restrain market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. DACHSER SE, Deutsche Post DHL Group, DSV Panalpina A/S, FedEx Corp., GEODIS, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Rhenus SE & Co. KG, Schenker AG, and XPO Logistics Inc. are some of the major market participants. The growing e-commerce industry will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Road Freight Transportation Market in Europe 2020-2024: Segmentation
Road Freight Transportation Market in Europe is segmented as below:
- Food and Beverages
- Metals and Mining
- Dangerous Goods
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Road Freight Transportation Market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The road freight transportation market in Europe report covers the following areas:
- Road Freight Transportation Market Size in Europe
- Road Freight Transportation Market Trends in Europe
- Road Freight Transportation Market Analysis in Europe
This study identifies increasing cross-border trade as one of the prime reasons driving the road freight transportation market growth in Europe during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Road Freight Transportation Market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist road freight transportation market growth in Europe during the next five years
- Estimation of the road freight transportation market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the road freight transportation market in Europe
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of road freight transportation market vendors in Europe
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Food and beverages - Market size and forecast 2019-2024
- Metals and mining - Market size and forecast 2019-2024
- Dangerous goods - Market size and forecast 2019-2024
- Agriculture - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- Germany - Market size and forecast 2019-2024
- France - Market size and forecast 2019-2024
- Spain - Market size and forecast 2019-2024
- UK - Market size and forecast 2019-2024
- Rest of Europe - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- DACHSER SE
- Deutsche Post DHL Group
- DSV Panalpina A/S
- FedEx Corp.
- Hellmann Worldwide Logistics SE & Co. KG
- Kuehne + Nagel International AG
- Rhenus SE & Co. KG
- Schenker AG
- XPO Logistics Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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