Market Size of united kingdom road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 69.23 Billion |
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Market Size (2030) | USD 81.69 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 2.80 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Road Freight Transport Market Analysis
The United Kingdom Road Freight Transport Market size is estimated at 69.23 billion USD in 2024, and is expected to reach 81.69 billion USD by 2030, growing at a CAGR of 2.80% during the forecast period (2024-2030).
69.23 Billion
Market Size in 2024 (USD)
81.69 Billion
Market Size in 2030 (USD)
2.30 %
CAGR (2017-2023)
2.80 %
CAGR (2024-2030)
Largest Market by Distance
71.48 %
value share, Long Haul, 2023
Trade growth has positively impacted long-haul trucking in the country. For instance, in 2022, exports recorded a growth of 13.22% YoY in the country.
Largest Market by Goods Configuration
73.65 %
value share, Solid Goods, 2023
Solid goods dominate the UK market as industries such as construction, apparel, machinery, electronics, and automobiles are included in the solid goods category.
Largest Market by End User Industry
40.40 %
value share, Manufacturing, 2023
In 2022, the manufacturing sector played a significant role in the United Kingdom's economy, contributing over 8% to the GDP.
Fastest Growing Market by Truckload Specification
3.13 %
Projected CAGR, Less than-Truck-Load (LTL), 2024-2030
Less-than truckload is growing significantly in the UK road freight transport market, as 85% of the domestic freight moved in the country is transported on roads.
First Leading Market Player
1.48 %
market share, Hoyer GmbH, 2022
HOYER has around 39,900 tank containers and over 52,000 Intermediate Bulk Containers (IBCs). The company also has more than 2,200 trucks equipped with low-pollution engines.
Booming e-commerce sector demand is expected to drive the growth of the road freight transport market
- In 2022, the manufacturing sector played a significant role in the United Kingdom's economy, contributing over 8% to the GDP, equivalent to around USD 270 billion. The dominant subset within manufacturing was consumer goods, commanding a substantial 72% share of market revenue. Some of the major players in road transportation are Deutsche Post DHL Group, FedEx, Turners (Soham) Limited, United Parcel Service (UPS), and Wincanton PLC.
- With the new Smart Manufacturing Data Hub (SMDH), the UK government hopes to boost the "productivity and competitiveness" of manufacturing SMEs. The new hub and testbed are supported by USD 67.44 million in government funds and business co-investment. The funding is from the USD 404.68 million Made Smarter Innovation Challenge, which is intended to support the development and increased use of new and existing industrial digital technologies like artificial intelligence and virtual reality. Increased investment in this sector will have a direct impact on the road transport market.
- The thriving e-commerce industry in Europe is bolstering the retail sector in the UK. In the realm of retail, online sales made up an impressive 30% of the total retail sales in the nation in 2021, a figure more than double compared to a decade ago. The outbreak of the coronavirus in 2020 led to a remarkable 47% surge in internet retail sales, marking the swiftest increase rate in the past decade. Although this rapid expansion was primarily influenced by the pandemic, the UK's e-commerce revenue is projected to experience consistent growth in the upcoming years across all market segments.
Understand The Key Trends Shaping This Market
