Market Size of Czech Republic Road Freight Transport Industry
Study Period | 2017 - 2030 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 6.18 Billion |
Market Size (2030) | USD 7.45 Billion |
CAGR (2024 - 2030) | 3.17 % |
Market Concentration | Low |
Czech Republic Road Freight Transport Market Analysis
The Czech Republic Road Freight Transport Market size is estimated at 6.18 billion USD in 2024, and is expected to reach 7.45 billion USD by 2030, growing at a CAGR of 3.17% during the forecast period (2024-2030).
- The Czech Republic plays a significant role in the automotive industry, which is the country's largest industrial sector, contributing over 9% to GDP, 26% to manufacturing, and 24% to exports. In the first half of 2024, the Czech Republic produced a record 774,310 passenger cars, marking a 4.9% YoY increase. Škoda Auto led production with 473,582 cars (up 2% YoY), while Hyundai Motor Company's Nošovice plant saw a slight decline of 0.6% YoY to 175,950 vehicles. In contrast, Toyota Motor Corporation's Kolín plant experienced a significant increase of 28.6% YoY, producing 124,778 cars. The rise in automotive manufacturing drove demand for components and materials and fueled the need for road freight transport.
- In 2023, the Czech Republic imported USD 15.3 billion worth of agricultural products, mainly from European Union (EU) countries like Germany, Poland, the Netherlands, and Slovakia. Imports from the US totaled USD 143 million, primarily tree nuts, seafood, wine, spirits, and pet food. US imports have steadily grown over the past five years, though some US products are re-exported through other EU countries, notably Germany and the Netherlands. The increase in agricultural imports, particularly from within the EU, boosted the demand for road freight services.
- Online shopping in the Czech Republic has grown significantly, with 72.5% of internet users shopping online by 2023, up from 31.8% in 2015. While 86% of the population has internet access, the Czech online shopping rate remains slightly below the European average of 75%. However, e-commerce in the Czech Republic is expected to grow significantly, with online sales projected to reach up to 25% of total retail by 2030, up from 17% in 2021. This growth is expected to boost the road freight transport market.
End User Industry | |
Agriculture, Fishing, and Forestry | |
Construction | |
Manufacturing | |
Oil and Gas, Mining and Quarrying | |
Wholesale and Retail Trade | |
Others |
Destination | |
Domestic | |
International |
Truckload Specification | |
Full-Truck-Load (FTL) | |
Less than-Truck-Load (LTL) |
Containerization | |
Containerized | |
Non-Containerized |
Distance | |
Long Haul | |
Short Haul |
Goods Configuration | |
Fluid Goods | |
Solid Goods |
Temperature Control | |
Non-Temperature Controlled | |
Temperature Controlled |
Czech Republic Road Freight Transport Market Size Summary
The Czech Republic road freight transport market is experiencing a transformative phase, driven by evolving logistics and supply chain dynamics. Companies are increasingly investing in technology and innovation to address challenges such as low industrial vacancy rates and labor shortages. The sector is crucial to the national economy, contributing significantly to the GDP and state budget through taxes and levies paid by trucks operating primarily outside the country. Despite a slight decrease in the number of trucks, the market is witnessing a rise in light commercial vehicles and buses. This shift underscores the ongoing adaptation to demographic changes and the need for efficient long-distance transport solutions.
The domestic transportation sector is thriving, with Czech carriers focusing more on internal routes due to increased competition from international players in the EU. This shift has led to a historical peak in domestic transport volumes, as carriers previously engaged in international transport concentrate on the Czech market. However, the influx of international carriers is challenging local companies, with many facing financial difficulties and some exiting the market. The market landscape is becoming more concentrated, with international firms gaining a larger share, impacting the competitive dynamics of the Czech road freight industry.
Czech Republic Road Freight Transport Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 End User Industry
-
1.1.1 Agriculture, Fishing, and Forestry
-
1.1.2 Construction
-
1.1.3 Manufacturing
-
1.1.4 Oil and Gas, Mining and Quarrying
-
1.1.5 Wholesale and Retail Trade
-
1.1.6 Others
-
-
1.2 Destination
-
1.2.1 Domestic
-
1.2.2 International
-
-
1.3 Truckload Specification
-
1.3.1 Full-Truck-Load (FTL)
-
1.3.2 Less than-Truck-Load (LTL)
-
-
1.4 Containerization
-
1.4.1 Containerized
-
1.4.2 Non-Containerized
-
-
1.5 Distance
-
1.5.1 Long Haul
-
1.5.2 Short Haul
-
-
1.6 Goods Configuration
-
1.6.1 Fluid Goods
-
1.6.2 Solid Goods
-
-
1.7 Temperature Control
-
1.7.1 Non-Temperature Controlled
-
1.7.2 Temperature Controlled
-
-
Czech Republic Road Freight Transport Market Size FAQs
How big is the Czech Republic Road Freight Transport Market?
The Czech Republic Road Freight Transport Market size is expected to reach USD 6.18 billion in 2024 and grow at a CAGR of 3.17% to reach USD 7.45 billion by 2030.
What is the current Czech Republic Road Freight Transport Market size?
In 2024, the Czech Republic Road Freight Transport Market size is expected to reach USD 6.18 billion.