2023 growth & beyond: Express, Forwarding, Contract & Road Freight
This episode of GSCi News we share predictions for 2023, and we take a look at Ti Insight’s market sizing data for the Global Express, Contract Logistics, Freight Forwarding and Road Freight markets.
Links & news from the episode
The new normal transition
By Raghu Ramachandran, Founding Partner of 13 Colony Global and Ti Advisory Board Member. Read more predictions from Raghu and the Ti team in our data and knowledge platform GSCi.
Global Express Markets Show Real Terms Growth of Just 0.1% in 2022
The European express and small parcels market is expected to contract by 5.9% y-o-y, reaching a value of €95,175.80m.
For more details on 2023 growth and beyond, please see TI’s free Whitepaper Global
Express and Small Parcels Market Size and Forecasts 2023.
Narrow miss for global freight forwarding market
Global freight forwarding growth is expected to contract in real terms by 2.4% in 2022 and reach a market value of €263,133m. Air and Sea freight forwarding markets are forecasted to contract in 2022 by 2.7% and 2.2%, respectively.Air and Sea freight forwarding markets are forecasted to contract in 2022 by 2.7% and 2.2%, respectively.
For more in-depth information, download the Global Freight Forwarding market forecasts
Contract logistics growth expected to slow in 2023
Ti’s latest interim data projections indicate that the contract logistics market is expected to grow at a slighter slower pace in 2023 than in 2022, as the economy enters a pronounced slowdown and market moderation seen in the second half of 2022 spills over into 2023. The market is projected to grow by 3.1% y-o-y and is expected to reach a value of €253,706.3m.
For more in-depth information, download the Global Contract Logistics Market Size & Forecasting 2023 Whitepaper, which contains 2023 forecast growth data with analysis of international and domestic projections.
European road freight market to lose speed and expand by only 1.1% in 2023
The market moderation seen in the second half of 2022 is expected to spill over into 2023. As a
result, Ti forecasts that the European road freight market will lose speed in 2023, expanding by only 1.1% in real terms. Overall, downward forces will gain more of an upper hand across Europe in 2023. However, slowing economic growth in the EU exacerbated by high inflation will weaken demand for road freight services, in, through and out of Europe.
For more in-depth information, download the European Road Freight Transport Market
Forecasts for 2022, 2023 and 2026 Whitepaper, which contains 2023 forecast growth data with
analysis of international and domestic projections.
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