In 2023, France led the European road freight volume in renting and leasing machinery with 34.79 million tonne kilometers, reflecting a 5.7% increase from the previous year. Spain, experiencing a 6.86% decline, followed with a volume of 16.13 million. Poland and Austria showed significant growth at 15.15% and 8.55%, respectively. By contrast, Norway and Denmark saw declines of 5.62% and 5.85%. Sweden decreased notably by 15.03%, while the Czech Republic and Latvia experienced strong growth at 16.47% and 20.11%. Noteworthy is Slovenia's 31.95% growth, and Romania's decline of 10.44%, pointing to a more volatile market.
Future trends to watch include a growing demand for road freight in eastern European countries, particularly Slovenia and Latvia, spurred by infrastructure investment. Conversely, established markets like Spain and Sweden may either struggle with declining volumes or need to innovate to maintain their current market share.
Top countries in Road Freight Volume of Renting, Leasing of Construction and Civil Engineering Machinery and Equipment Sector Share by Country (Million Tonne Kilometers)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 34.79 | 2023 | +37.07% | +5.73% | View data |
| 2 | 2 Spain | 16.13 | 2023 | +4.62% | -6.86% | View data |
| 3 | 3 Poland | 13.13 | 2023 | +1.84% | +15.15% | View data |
| 4 | 4 Norway | 11.55 | 2023 | +129.23% | -5.62% | View data |
| 5 | 5 Austria | 8.22 | 2023 | +9.47% | +8.55% | View data |
| 6 | 6 Denmark | 5.61 | 2023 | +69.05% | -5.85% | View data |
| 7 | 7 Sweden | 5.22 | 2023 | +127.59% | -15.03% | View data |
| 8 | 8 Czech Republic | 3.56 | 2023 | +18.42% | +16.47% | View data |
| 9 | 9 Romania | 2.69 | 2023 | +126.67% | -10.44% | View data |
| 10 | 10 Lithuania | 0.95 | 2023 | +200% | +3.71% | View data |
