European road freight growth set to slow dramatically, says Ti

Date Added: 15 November 2022

European road freight growth set to slow dramatically, says Ti

As a major provider of daily overland trailer services between the UK and mainland Europe, we note that the consultancy firm, Ti predicts the market will grow less quickly in 2023.

In a new white paper - European Road Freight Market Forecasts for 2023 - data from Ti reveals the European road freight market will lose speed in 2023, expanding by only 1.1% in real terms to reach EUR389,338 milliion.

Rising inflation, the energy crisis, recessionary risk and manufacturing challenges will significantly hamper market performance in 2023.

Ti's latest white paper contains 2023 forecast growth data, with analysis of international and domestic projections. The paper also provides analysis of the various economic headwinds impacting the market in the year ahead, including the energy crisis, rising inflation, manufacturing downturn and driver shortages.

The complete white paper can be downloaded from the following url: https://www.ti-insight.com/whitepapers/european-road-freight-market-forecasts-for-2023

For more information about Davies Turner’s European road freight forwarding and logistics services, please contact road@daviesturner.co.uk or visit https://www.daviesturner.com/road-freight

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