The share of rail freight transport in total inland freight transport in the UK is expected to hover around 9.56% from 2024 to 2027, slightly increasing to 9.57% in 2028. In 2023, this share stood at 9.55%, indicating negligible year-on-year variation, showcasing a stable trend. The 5-year compound annual growth rate (CAGR) remains effectively stagnant.
Future trends to watch for include:
- Potential policy changes supporting greener transportation, which may boost rail freight's share.
- Technological advancements in rail efficiency possibly altering current trends.
- Global economic conditions affecting overall freight demand, impacting rail's market dynamics.