In 2023, the road freight transport volume in the UK stood at 115.75 billion tonne kilometers. The forecast from 2024 to 2028 shows a steady increase from 116.18 to 118.63 billion tonne kilometers, reflecting modest growth year-on-year. The year-on-year growth rates suggest stable expansion, averaging around 0.5% annually from 2024 to 2028, indicative of healthy industry growth. The compound annual growth rate (CAGR) over the five years indicates a consistent upward trend.
Future trends to watch for:
- Advancements in technology and logistics optimization could further enhance efficiency and capacity in road freight transport.
- Policy changes, especially surrounding sustainable transport and carbon emissions, could affect the growth trajectory.
- Supply chain resilience and shifts in trade patterns post-Brexit may impact transport demand.