Market Size of russia road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 22.30 Billion |
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Market Size (2030) | USD 26.17 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 2.71 % |
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Fastest Growing by End User Industry | Manufacturing |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Road Freight Transport Market Analysis
The Russia Road Freight Transport Market size is estimated at 22.30 billion USD in 2024, and is expected to reach 26.17 billion USD by 2030, growing at a CAGR of 2.71% during the forecast period (2024-2030).
22.30 Billion
Market Size in 2024 (USD)
26.17 Billion
Market Size in 2030 (USD)
1.30 %
CAGR (2017-2023)
2.71 %
CAGR (2024-2030)
Largest Market by Distance
74.43 %
value share, Long Haul, 2023
With a daily capacity of over 600 trucks, truck transport became operational between the new border crossing point for Kani-Kurgan (Amur region in Russia) and Heihe (China), driving the long haul segment.
Largest Market by Goods Configuration
72.10 %
value share, Solid Goods, 2023
Manufacturing industries constitute a major part of solid goods and make up a significant portion of the national GDP, thus driving the growth of the solid goods segment.
Largest Market by End User Industry
34.30 %
value share, Manufacturing, 2023
During the initial half of 2023, the overall industrial output witnessed a growth exceeding 6%, driving the growth of the end-user industry.
Fastest Growing Market by Truckload Specification
3.03 %
Projected CAGR, Less than-Truck-Load (LTL), 2024-2030
Small- and medium-sized enterprises (SMEs) are significant users of LTL services. The SMEs in Russia grew by 4.5% from 2020 to 2022, driving the growth of the LTL segment.
First Leading Market Player
45.52 %
market share, TK Megapolis, 2022
TK Megapolis provides logistics and distribution services for the FMCG field, including tobacco products, with more than 3,300 company-owned vehicles.
The overall industrial output witnessed a growth of 6% YoY during H1 2023, driving the demand for road freight services
- In 2022, the overall retail turnover in Russia witnessed a decline of approximately 6% compared to the previous year. However, during the first nine months of the same year, online sales demonstrated significant growth, surging by 43% and reaching a total of USD 47.80 billion. Despite the challenges, the grocery retail sector managed to grow by an estimated 9-9.5% in 2022, primarily driven by inflationary price increases. Although the rate of decline in retail sales for 2023 is anticipated to be lower than that of 2022, the overall trend is still expected to be negative.
- In October 2022, Russia implemented a ban on cargo transportation by road for companies from specific countries. This ban affected companies from all EU countries, including Norway, Ukraine, and the United Kingdom, preventing them from transporting goods through Russia by road. The decision was made in response to these countries' earlier imposition of restrictions on Russian truckers as part of the sanctions on Moscow. The ban applied to bilateral and transit goods transportation, including cargo transportation to or from the territory of a third state.
- During the initial half of 2023, the overall industrial output witnessed a growth exceeding 6%. Russia anticipates that, by the year's end, sectors facing significant challenges will show signs of recovery. Projections indicate a potential 2% growth in motor vehicle manufacturing, approximately 3.5% in machinery and equipment production, and an almost 8% increase in the medicines and preparations sector. The primary objective is to achieve a 55% upswing in the manufacturing index over the next 12 years compared to the baseline year of 2019, coupled with nearly doubling labor productivity within the same timeframe.
Understand The Key Trends Shaping This Market
