In 2023, the UK road freight transport volume was at 19.31 billion vehicle-kilometers. From the forecasted data, we observe a consistent annual decline of approximately 0.3% in the road freight volume from 2024 through 2028. This steady decline results in a compound annual growth rate of -0.3% across these years.
Future trends to watch for include:
- Potential shifts towards more sustainable logistics practices, affecting transport volume.
- Impact of technological advancements in autonomous vehicles on road freight efficiency.
- Changes in demand driven by economic conditions and e-commerce growth.