The number of enterprises in the UK's road freight transport and removal services was 59.52 thousand in 2023. From 2024 to 2028, the forecasted number indicates steady growth from 60.76 to 65.76 thousand enterprises, representing a year-on-year growth of approximately 2.1% to 2.3%. This trend reflects a compound annual growth rate (CAGR) of around 2.1%. The increasing demand for logistics solutions and expansion of e-commerce likely drives this upward trend.
Future trends to watch for include:
- Technological advancements in transport efficiency and vehicle automation.
- Changes in environmental regulations impacting operational costs.
- Growth in e-commerce, impacting demand for freight services.
