Industry revenue of “freight transport by road“ in Denmark 2012-2024

Revenues of the Danish road freight transport industry are projected to grow from 5.9 billion U.S. dollars in 2013 to 6.9 billion U.S. dollars by 2022. Key drivers include a growth in the volume of freight transported by road, strong investments in trucks and other heavy vehicles, a reduction in air freight, and the favourable state of the roads coupled with the availability of advanced navigation systems. They have not only helped to reduce traffic, but have also made road travel much safer. As a result, Denmark had only the second fewest road deaths per million inhabitants as compared to the other countries in EU in 2018.

In addition, a growing e-commerce market has also benefited the sector, as the number of cross-border and last-mile truck trips have increased.

Covid-19 disrupts services

The industry is expected to witness a slowdown in the short to medium term as road transport has been restricted due to the outbreak of the corona virus. Experts predict that the European road freight market could shrink by as much as 17 percent in 2020 if supply chain operations are not resumed soon.

Industry revenue of “freight transport by road“ in Denmark from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.120

The industry classification is based on the NACE Rev.2 - system in Denmark. The industry “freight transport by road“ has the code “H4941“.

Details on the methodology can be found here.

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