In 2023, the European Road Freight Volume for renting and leasing construction and civil engineering machinery and equipment showcased notable variations. France led with 440 million tonne kilometers, growing by 5.73% year-over-year. Spain saw a decline of 6.86%, while Poland increased significantly by 15.15%. Norway declined by 5.62%, with Austria witnessing an 8.55% rise. Sweden faced a downturn of 15.03%. Among smaller markets, Slovenia and Latvia saw substantial growth at 31.95% and 20.11%, respectively. The overall five-year CAGR suggests stable, albeit modest, annual growth across most European regions.
Looking forward, watch for technological advancements driving efficiency in the sector, changes in regulatory policies affecting cross-border transport, and potential economic fluctuations impacting infrastructure investments, which could alter freight volumes. Additionally, the adoption of more sustainable practices and alternative fuels could redefine logistics dynamics in the coming years.
Top countries in Road Freight Volume of Renting, Leasing of Construction and Civil Engineering Machinery and Equipment Sector by Country
| # | 10 Countries | Million Tonne Kilometers | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 440 | 2023 | +37.07% | +5.73% | View data |
| 2 | 2 Spain | 204 | 2023 | +4.62% | -6.86% | View data |
| 3 | 3 Poland | 166 | 2023 | +1.84% | +15.15% | View data |
| 4 | 4 Norway | 146 | 2023 | +129.23% | -5.62% | View data |
| 5 | 5 Austria | 104 | 2023 | +9.47% | +8.55% | View data |
| 6 | 6 Denmark | 71 | 2023 | +69.05% | -5.85% | View data |
| 7 | 7 Sweden | 66 | 2023 | +127.59% | -15.03% | View data |
| 8 | 8 Czech Republic | 45 | 2023 | +18.42% | +16.47% | View data |
| 9 | 9 Romania | 34 | 2023 | +126.67% | -10.44% | View data |
| 10 | 10 Lithuania | 12 | 2023 | +200% | +3.71% | View data |
