In 2023, the road freight volume of equipment and material utilized in the UK stood at 19.75 Million Metric Tons. The forecast shows a declining trend from 2024, with volumes expected to decrease steadily year-on-year. From 2024 to 2028, the forecast indicates decreases in volume by an average of 5% annually. Specifically, volumes are projected to decrease from 19.0 in 2024 to 15.81 Million Metric Tons by 2028, with a cumulative average reduction in volume (CAGR) over the five years.
Future trends to watch for:
- The impact of technological advancements on efficiency gains in the transport sector.
- Environmental regulations possibly affecting the use and preference for certain equipment types.
- Shifts in supply chain dynamics and their influence on freight volume demand.
