Compound annual growth rate in the transportation and logistics sector in Europe 2023
Compound annual growth rates can be used to measure a number of different factors including revenue as in this example, but also income, customers, returns etc. As of January 2023, the CAGR in revenues for the transportation and logistics sector in Western Europe have been highest in the trucking industry (16.9 percent).
In terms of expected growth between 2023 and 2024, the best performing industry is air transport, with revenues expected to grow by approximately 71.7 percent.