Forecast: Share of Road Freight Transport in the UK

The share of road freight transport in the UK shows a consistent upward trend from 2024 to 2028, moving from 91.8% in 2024 to 92.5% in 2028. The year-on-year variations exhibit minor increases, with a 0.2% increase from 2024 to 2025, a 0.2% increase from 2025 to 2026, a 0.1% increase from 2026 to 2027, and a 0.2% increase from 2027 to 2028. This steady rise suggests a robust and stable growth pattern. Considering that it stood at 91.6% in 2023, the average compound annual growth rate (CAGR) from 2023 to 2028 is minimal but positive.

Future trends to watch for include:

  • Advancements in electric and autonomous vehicle technologies leading to potential shifts in efficiency and cost structures.
  • Regulatory changes aimed at reducing carbon emissions which could impact the road freight industry.
  • Evolution of logistics and supply chain strategies focusing on sustainability and digitalization.

Top Countries about Freight Forwarding