The UK road freight volume of equipment and material utilized in goods transport is expected to decline from 2.58 billion tonne kilometers in 2024 to 2.34 billion tonne kilometers by 2028. This represents a year-on-year decrease of approximately 2.33%. In comparison to 2023, when the volume stood at an actual value of 2.64 billion tonne kilometers, this forecast depicts a diminishing trend with a Compound Annual Growth Rate (CAGR) of -2.51% over five years.

Future trends to watch for:

The impact of technological advancements in logistics and transportation efficiency.
Regulatory changes and their effects on freight operations and costs.
Potential shifts in trade patterns post-Brexit that could influence road freight demand.