The market for European road transport is growing by 4.9% this year. Over 2021, the rate was still 9.4%. This is expected by Transport Intelligence (Ti), market researcher of the transport market. Reasons for the slowdown in growth are inflation and staff shortages.
In 2021, the demand for road transport increased sharply due to the reopening of the retail market in Europe after the corona crisis. According to Ti, the recovery of the transport sector is expected to continue in 2022, but at a slower pace than last year.
The current high inflation is causing rising costs for transporters. Diesel prices, for example, are a lot higher than last year. There are also concerns about staff shortages in the transport sector. At the end of 2021, there were around 400,000 vacancies for truck drivers across Europe. This number will in all likelihood only increase further.
In the long term, the market is nevertheless expected to grow. According to Ti, the road transport sector will be over 23.1% larger in 2026 than in 2019, the year before the pandemic.
Source: Nieuwsblad Transport
August 1, 2022