Market Size of asean cross border road freight transport Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 40.11 Billion |
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Market Size (2030) | USD 60.92 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 7.21 % |
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Largest Share by Country | Indonesia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
ASEAN Cross Border Road Freight Transport Market Analysis
The ASEAN Cross Border Road Freight Transport Market size is estimated at 40.11 billion USD in 2024, and is expected to reach 60.92 billion USD by 2030, growing at a CAGR of 7.21% during the forecast period (2024-2030).
40.11 Billion
Market Size in 2024 (USD)
60.92 Billion
Market Size in 2030 (USD)
5.77 %
CAGR (2017-2023)
7.21 %
CAGR (2024-2030)
Fastest Growing Market by End User Industry
8.50 %
Projected CAGR, Wholesale and Retail Trade, 2024-2030
Vietnam has one of the fastest-growing cross-border e-commerce markets in the region, while Thailand's Industry 4.0 initiative promotes the importance of technological innovation for boosting economic growth.
Largest Market by End User Industry
34.03 %
value share, Manufacturing, 2023
The ASEAN manufacturing sector is estimated to reach USD 1.4 trillion by 2028. A 35-40% increase in manufacturing value added (MVA) is expected by 2028 due to productivity gains.
Fastest Growing Market by Country
7.59 %
Projected CAGR, Vietnam, 2024-2030
Vietnam has emerged as a prominent market for foreign investors in the e-commerce sector, driven by the growth of cross-border trade and advancements in technology.
Largest Market by Country
45.80 %
value share, Indonesia, 2023
The Indonesian government is focusing on the development of expressways to facilitate the smooth functioning of international road freight services.
First Leading Market Player
1.69 %
market share, DB Schenker, 2022
DB Schenker's Asia LANDbridge solution offers cross-border road transportation services in the ASEAN region. The company also provides cross-border door-to-door groupage services.
Singapore and Malaysia account for about 50% of the cross-border e-commerce market in Southeast Asia
- Indonesia’s manufacturing industry grew by 5.01% in 2022. It was the strongest component of the country’s economic growth in terms of productivity. Moreover, total exports from the industrial sector reached USD 206.35 billion in 2022, a 16.45% increase compared to 2021. The Indonesian government estimated a 5.4-5.8% growth for the manufacturing industry in 2023. Similarly, Thailand's automotive industry has established itself as a major player in the global market, with auto parts and accessories accounting for a significant portion of its exports. As a result, the demand for cross-border services increasing in the region.
- Singapore and Malaysia account for about 50% of the cross-border e-commerce market in Southeast Asia. Thailand is undergoing huge growth in the e-commerce market. The Thailand 4.0 policy is designed to foster internet connectivity in each village of the country. The demand of customers and the viability of sourcing products or services by manufacturers have been the prime reasons for growing cross-border e-commerce. The retail industry in Indonesia remains one of the most promising markets among ASEAN countries.
- In the coming years, the growth in the cross-border e-commerce market is expected to boost the wholesale and retail trade end-user segment. Vietnam has one of the fastest-growing cross-border e-commerce markets in the region, while Thailand's Industry 4.0 initiative promotes the importance of technological innovation for boosting economic growth. These markets offer significant opportunities for cross-border brands. The 'unbanked' population, primarily in Vietnam, is expected to grow by 57% in digital payments by 2025.
Implementation of the ASEAN Customs Transit System (ACTS) is expected to boost the cross border road freight transport
- In Southeast Asia and Vietnam, cross border shopping is booming, creating new market opportunities for companies and enabling consumers to access various goods. Vietnam currently holds 15% of Southeast Asia's overall internet retail market, second only to Thailand (16%) and equal to the Philippines (15%). In 2021, the government of Vietnam adopted the Road Network Development Plan for 2021-2030, with a vision to 2050. Under this plan, the country aims to develop over 5,000 km of expressways by 2030, up from 3,841 km in 2021.
- Cross border business opportunities are visible at shipping companies such as Ninja Van. Especially throughout 2021, the company has delivered 2 million orders daily in the ASEAN region, with a coverage density of 100%. Cross border e-commerce is expanding, giving firms the drive to operate globally and across numerous nations. As a result, top transportation companies are pushing hard to prepare for the region's cross border economic operations. As of July 2023, the production volume of trucks in Thailand amounted to around 19,390 units. In 2022, Thailand had a total vehicle production of 1.88 million units. From January to April 2023, the sales volume of 2-4 ton trucks amounted to around 4.2 thousand units in Thailand.
- Implementing the ASEAN Customs Transit System (ACTS) has been one of the most significant developments in the road freight industry in the last year. The ASEAN community's aims of doubling intra-ASEAN trade between 2017 and 2025 and cutting trade transaction costs by 10% in three years from 2017 were considered when the ACTS was developed and launched in 2020 in Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam. The ACTS is expected to strengthen cross border road freight in ASEAN countries during the forecast period.
ASEAN Cross Border Road Freight Transport Industry Segmentation ASEAN Cross Border Road Freight Transport Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Indonesia, Malaysia, Thailand, Vietnam are covered as segments by Country.
- Indonesia’s manufacturing industry grew by 5.01% in 2022. It was the strongest component of the country’s economic growth in terms of productivity. Moreover, total exports from the industrial sector reached USD 206.35 billion in 2022, a 16.45% increase compared to 2021. The Indonesian government estimated a 5.4-5.8% growth for the manufacturing industry in 2023. Similarly, Thailand's automotive industry has established itself as a major player in the global market, with auto parts and accessories accounting for a significant portion of its exports. As a result, the demand for cross-border services increasing in the region.
- Singapore and Malaysia account for about 50% of the cross-border e-commerce market in Southeast Asia. Thailand is undergoing huge growth in the e-commerce market. The Thailand 4.0 policy is designed to foster internet connectivity in each village of the country. The demand of customers and the viability of sourcing products or services by manufacturers have been the prime reasons for growing cross-border e-commerce. The retail industry in Indonesia remains one of the most promising markets among ASEAN countries.
- In the coming years, the growth in the cross-border e-commerce market is expected to boost the wholesale and retail trade end-user segment. Vietnam has one of the fastest-growing cross-border e-commerce markets in the region, while Thailand's Industry 4.0 initiative promotes the importance of technological innovation for boosting economic growth. These markets offer significant opportunities for cross-border brands. The 'unbanked' population, primarily in Vietnam, is expected to grow by 57% in digital payments by 2025.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Country | |
| Indonesia | |
| Malaysia | |
| Thailand | |
| Vietnam | |
| Rest of ASEAN |
ASEAN Cross Border Road Freight Transport Market Size Summary
The ASEAN Cross Border Road Freight Transport Market is poised for significant growth, driven by the expanding manufacturing and e-commerce sectors across the region. Countries like Indonesia and Thailand are experiencing robust industrial growth, with Indonesia's manufacturing sector and Thailand's automotive industry playing pivotal roles in boosting cross-border trade. The rise of e-commerce, particularly in Singapore, Malaysia, and Thailand, is further propelling the demand for cross-border logistics services. Initiatives such as Thailand's Industry 4.0 and Vietnam's Road Network Development Plan are enhancing infrastructure and technological capabilities, creating lucrative opportunities for cross-border brands. The ASEAN Customs Transit System (ACTS) is also a key development, aimed at facilitating smoother trade transactions and strengthening regional logistics networks.
The market landscape is characterized by a fragmented structure, with major players like DB Schenker, DHL Group, and Kerry Logistics Network Limited leading the charge. These companies are actively expanding their operations to meet the growing demand for cross-border transport services. Despite challenges such as high logistics costs and fluctuating fuel prices, investments in infrastructure and technology are expected to drive the market forward. The region's focus on enhancing transportation infrastructure, coupled with strategic partnerships and innovations in logistics, positions the ASEAN Cross Border Road Freight Transport Market for substantial growth in the coming years.
ASEAN Cross Border Road Freight Transport Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Country
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1.2.1 Indonesia
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1.2.2 Malaysia
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1.2.3 Thailand
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1.2.4 Vietnam
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1.2.5 Rest of ASEAN
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ASEAN Cross Border Road Freight Transport Market Size FAQs
How big is the ASEAN Cross Border Road Freight Transport Market?
The ASEAN Cross Border Road Freight Transport Market size is expected to reach USD 40.11 billion in 2024 and grow at a CAGR of 7.21% to reach USD 60.92 billion by 2030.
What is the current ASEAN Cross Border Road Freight Transport Market size?
In 2024, the ASEAN Cross Border Road Freight Transport Market size is expected to reach USD 40.11 billion.
