Market Size of Czech Republic Road Freight Transport Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.68 Billion |
| Market Size (2029) | USD 7.31 Billion |
| CAGR (2024 - 2029) | 1.83 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Czech Republic Road Freight Transport Market Analysis
The Czech Republic Road Freight Transport Market size is estimated at USD 6.68 billion in 2024, and is expected to reach USD 7.31 billion by 2029, growing at a CAGR of 1.83% during the forecast period (2024-2029).
The logistics and supply chain market is changing and facing new challenges that were not recognized a few years ago, such as low industrial vacancy rates, labor shortages, and the approaching peak of the economic cycle. Many companies are already meeting these challenges, or they at least recognize the strong need to increase investments in technology and innovation, along with enhancing the volume and quality of employee training.
- The unfavorable demographic development affected by the declining reproductive capacity forces in the Czech Republic leads to the need to focus on transportation. It is especially the case for long-distance transport, where it is unbearable in the future for one driver to transport only a few metric ton of goods.
- Trucking accounts for 3% of GDP in the Czech Republic and is also an important source of the state budget. This is because Czech trucks operate largely outside the territory of the Czech Republic, but all taxes and levies are paid at home. The state obtains EUR 21.6 to EUR 28.8 thousand a year from various trucks on various levies.
