APAC Road Freight Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 0.97 Trillion |
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Market Size (2030) | USD 1.39 Trillion |
|
Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 6.26 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
APAC Road Freight Market Analysis
The Asia Pacific Road Freight Transport Market size is estimated at 0.97 trillion USD in 2024, and is expected to reach 1.39 trillion USD by 2030, growing at a CAGR of 6.26% during the forecast period (2024-2030).
0.97 Trillion
Market Size in 2024 (USD)
1.39 Trillion
Market Size in 2030 (USD)
5.13 %
CAGR (2017-2023)
6.26 %
CAGR (2024-2030)
Largest Market by Distance
75.23 %
value share, Long Haul, 2023
China aims to expand its expressways to 130,000 km by 2027, recording an increase of 11% from 2021. This expansion is expected to further strengthen the long-haul trucking segment.
Largest Market by Goods Configuration
69.39 %
value share, Solid Goods, 2023
Solid goods dominate the market, as industries such as construction, textiles, machinery, electronics, and automobiles majorly contribute to the demand for road freight services.
Largest Market by End User Industry
38.86 %
value share, Manufacturing, 2023
The manufacturing segment of the Asia-Pacific road freight market recorded growth in 2022, partly led by Chinese carmakers producing 27.02 million units in 2022, up by 3.40% YoY.
Fastest Growing Market by Truckload Specification
7.06 %
Projected CAGR, Less than-Truck-Load (LTL), 2024-2030
The LTL segment's growth is attributable to the booming e-commerce industry. E-commerce in Asia-Pacific is also expected to record a CAGR of 11.92% during 2023-2027.
First Leading Market Player
1.73 %
market share, Nippon Express Holdings., 2022
Nippon Express has a presence in 733 locations and a fleet of 13,818 vehicles. The company handles over 2.1 million sq. m of warehousing space in Asia-Pacific.
The Government of Australia focusing on the Modern Manufacturing Strategy project by investing more than USD 1.5 billion
- Manufacturing is a key component of the Government of Australia's plan to deliver a strong, modern, and resilient economy for the Australian people. The USD 1.5 billion Modern Manufacturing Strategy project aims to build Australia's reputation as a high-quality and sustainable manufacturing nation by setting the right economic conditions for business, promoting science and technology for industries, focusing on the areas of manufacturing advantage, and building national resilience for a stronger economy.
- In 2022, in China, the gross production value of agricultural products amounted to USD 1.3 trillion, which has shown a YoY growth of more than 6%. The agriculture industry is a significant driver of domestic road freight services' growth due to the increasing output of agricultural products. For example, despite the pandemic, China's overall grain output reached 685 million tonnes in 2022, an increase of 3.7 million tonnes over 2021. This resulted in an increased demand for road freight services. According to the Government Work Report, food security is one of six key government jobs in 2023, with grain production expected to increase by 50 million tonnes.
- In India, the total foodgrain production in the country in 2022-23 was estimated to go up to a record 330.5 million tons (MT) from 315.6 million MT. The government has taken a lot of initiatives to create reliable and connected agri logistics networks across the country for transporting agricultural products. The government has introduced the “Kisan Rath” smartphone app to make it easy for farmers, FPOs, and traders to rent vehicles for transporting agri-products.
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Enhancement of truck digitalization and growth of truckload segments boosting the market in the region
- Australia is a close third in terms of trade volumes in Asia-Pacific. The Australian government plans to invest AUD 110 billion (USD 79.81 billion) in land transport infrastructure over the next 10 years from 2021-2022, through its rolling infrastructure pipeline. The majority of this share will be funded under the infrastructure investment program. This program is part of the government's larger plan to reduce traffic congestion, improve regional connectivity, address the national freight challenge, bring Australians home faster and safer, and build a stronger and more resilient country. The government has announced commitments of AUD 15.2 billion over 10 years for road, rail, and community infrastructure projects as part of its stimulus measures to support employment.
- Machinery and equipment (M&E) are significant to the Malaysian economy, and the country recorded a 25.5% YoY growth in M&E exports in 2022. Moreover, the country anticipated robust growth in the oil and gas industry in 2023. The significant developments in the machinery as well as chemicals and hazardous goods industries will further contribute to the growth of the FTL segment in Malaysia. Major players in Malaysia offering FTL transport services comprise Rhenus Logistics, Yakheng, and Gocarry.
- In 2023, India was to spend over 1.7% of its GDP on transport infrastructure, twice the expenditure undertaken by the Americas and Europe. Almost 90% of the vehicles are owned, with small operators as well as larger ones. Truck digitization has still not been adopted on a large scale in India, but is expected to enhance long haul trucking services in the country over the coming years. In this regard, India anticipated the first slot of deliveries of 2,000 electric semi-trucks in 2022.
Asia Pacific Road Freight Transport Market Trends
Asia Pacific freight demands driven by global seaborne trade, which is triggering transport sector investments
- The region's new Regional Action Program (RAP) addresses issues like increasing freight and passenger volumes and reflecting the rising freight transport and mobility demand. Two-thirds of global seaborne trade is concentrated in Asia Pacific, also home to nine of the world's busiest container ports. The region is responsible for more than 40% of the global surface freight transport flows, and by 2050, the region's demand for freight transport is projected to triple.
- India's transportation sector, primarily road-dominated, contributes about 3.75% to the GDP. Over 50% of freight and 90% of passenger traffic rely on roads, driven by government and private investments, rising exports, the FMCG sector, and growing disposable income. India promotes connectivity with 100% FDI in the roads and highway sector. Japan's FY 2021 saw increased domestic freight transportation by commercial motor vehicles, totaling about 2.6 billion metric tons, with road transport leading in volume.
- International freight transport continued to operate with the support of policy measures. In the Asia Pacific region, networks like the Asian Highway, Trans-Asian Railway, and dry ports, established under ESCAP, play a vital role in land transport connectivity and logistics. These networks are increasingly integrated with inter-regional transport corridors and shipping networks. China emphasized ensuring smooth transportation and logistics to stabilize the economy, with the Industrial and Commercial Bank of China's Shandong branch extending over USD 1.19 billion in loans to support the logistics sector in 2022.
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Owing to global uncertainties, crude oil prices are soaring in the Asian economies as most of them are net oil importers
- Crude oil reached USD 130 per barrel in March 2022, its highest level since 2008, before retreating to USD 100 per barrel in April of the same year. Russia is the third-largest producer of liquid fuels and petroleum, so when the country invaded Ukraine in late February 2022, it immediately impacted crude oil prices. As the conflict continued, the prices of crude oil settled on an upward trajectory. The increase in oil price also reflects supply limitations by OPEC. Though the overall economic impact has been modest in Asia-Pacific, the situation can change quickly, subject to the magnitude and duration of oil price increases.
- Due to global geopolitical uncertainties and tight supply conditions, oil prices surpassed USD 80 in November 2021, double the price in 2020. Countries in Asia rely on coal to generate power, but shortages have turned them into natural gas. Due to high demand, natural gas prices soared in 2021 and remained high in 2022, and affected countries have switched from gas to oil to reduce power generation costs. Higher oil prices are often economically damaging for net oil importers. Most countries are net oil importers except for a few oil exporters, such as Brunei, Malaysia, and Vietnam.
- For the short term, the region prioritizes rising oil prices and global interest rates and maintains a stable macroeconomic environment of low inflation and prudent fiscal balances. The average price of gasoline worldwide remains at INR 106.90 per liter (USD 1.29). The price of petrol stands at INR 104.18 per liter (USD 1.25) in India, INR 99 per liter (USD 1.19) in China, INR 249 per liter (USD 1.9) in Pakistan, and INR 240 (USD 2.9) in Hongkong. The differences in prices across countries are due to the various taxes and subsidies for gasoline.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- India and China among the leading nations to boost agriculture, fishing, and forestry as economic drivers in APAC
- China is the leading e-commerce market, accounting for over 50% of all retail e-commerce sales worldwide
- Australia's LPI Rank drops to 19 in 2023, with a focus on trade diversification and digital transformation for economic growth
- India's rank rose six places to 38 in LPI 2023, fueled by strategic policies and infrastructure advancements
- Japan falls to the 13th rank in LPI owing to a decline in the logistics sector in 2022 amid labor shortages and rising costs
- Thailand ranks 34th in 2023 Logistics Performance Index due to rise in export industry and enhanced logistics infrastructure
- China and India fuel road and highway construction investment, while Japan grants loan to India to strengthen India's North East road network
- Asia Pacific economies are registering huge growth in LNG imports, driven by scarce domestic production
- Electric trucks are driving the road transport market in the APAC region as many countries are adopting net zero emission standards
- India emerging as a driving force in the APAC Region's road freight transport market, with an investment of more than USD 33 billion by 2050
- Supportive trade policies and initiatives, coupled with investments, are driving growth in the region
- Oil and gas and wholesale and retail trade sectors are the fastest-growing sectors contributing to economic growth in APAC countries
- The GVA of the manufacturing industry in the region grew by over 5% YoY in 2022
- China climbs to the 19th rank in 2023 LPI, boosted by major investments and a thriving e-commerce sector
- Rising focus on infrastructure with USD 430 bn investment and National Logistics Ecosystem implementation
- Malaysia ranked 26th in the Logistic Performance Index in 2023, due to enhanced infrastructure and freight volumes
- Vietnam's Logistic Performance Index surges to 3.3 points in 2023, driven by logistics sector and export growth
- Asia Pacific economies are striving toward robust export growth by 2030, driven by government initiatives to boost trade
- Rising fuel prices, along with global semiconductors shortages, increase overall operational costs
- Prominent players in the region are primarily focusing on new product launches to expand their market share
- Road freight rates were significantly impacted in the region due to high fuel prices as a result of the Russia-Ukraine war
- India, Australia, and Japan witnessed record high and fastest annual producer and consumer price increases in 2022, largely owing to high energy and utilities cost
APAC Road Freight Industry Overview
The Asia Pacific Road Freight Transport Market is fragmented, with the top five companies occupying 2.25%. The major players in this market are A.P. Moller - Maersk, CMA CGM Group, Expeditors International of Washington, Inc., Kintetsu Group Holdings Co., Ltd. and Nippon Express Holdings. (sorted alphabetically).
APAC Road Freight Market Leaders
A.P. Moller - Maersk
CMA CGM Group
Expeditors International of Washington, Inc.
Kintetsu Group Holdings Co., Ltd.
Nippon Express Holdings.
Other important companies include C.H. Robinson, DHL Group, Rhenus Group.
*Disclaimer: Major Players sorted in alphabetical order.
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APAC Road Freight Market News
- January 2024: DHL Express has commenced services for the final Boeing 777 freighter deployed at the South Asia Hub in Singapore. With a payload capability of 102 tons, the aircraft joins the four other Boeing 777 freighters already deployed in Singapore to boost inter-continental connectivity between the Asia Pacific and the Americas. Sporting a dual DHL-Singapore Airlines (SIA) livery, these five freighters provide a total of 1,224 tons of payload capacity to meet growing customer demand for international express shipping services.
- November 2023: DHL Express has launched its state-of-the-art, expanded Central Asia Hub (CAH) in Hong Kong, amid fast-growing global trade in recent years. The total investment into the Central Asia Hub is EUR 562 million, making it the largest infrastructural investment by DHL Express in Asia Pacific. The Hub is one of three DHL Express global hubs connecting Asia Pacific with the rest of the world and also supports intra-Asia trade.
- October 2023: Truck and industrial equipment maker Volvo, auto maker Renault, and shipping giant CMA CGM unveiled a joint venture that would create a company aimed at developing a new series of electric vans. The partnership would provide electric urban transportation for companies in the logistics and transportation sector seeking to decarbonize their fleets.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends among other key indicators.
APAC Road Freight Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 GDP Distribution By Economic Activity
- 4.2 GDP Growth By Economic Activity
-
4.3 Economic Performance And Profile
- 4.3.1 Trends in E-Commerce Industry
- 4.3.2 Trends in Manufacturing Industry
- 4.4 Transport And Storage Sector GDP
-
4.5 Logistics Performance
- 4.5.1 Australia
- 4.5.2 China
- 4.5.3 India
- 4.5.4 Indonesia
- 4.5.5 Japan
- 4.5.6 Malaysia
- 4.5.7 Pakistan
- 4.5.8 Philippines
- 4.5.9 Thailand
- 4.5.10 Vietnam
- 4.6 Length Of Roads
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Pricing Trends
- 4.10 Trucking Operational Costs
- 4.11 Trucking Fleet Size By Type
- 4.12 Major Truck Suppliers
- 4.13 Road Freight Tonnage Trends
- 4.14 Road Freight Pricing Trends
- 4.15 Modal Share
- 4.16 Inflation
- 4.17 Regulatory Framework
- 4.18 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 End User Industry
- 5.1.1 Agriculture, Fishing, and Forestry
- 5.1.2 Construction
- 5.1.3 Manufacturing
- 5.1.4 Oil and Gas, Mining and Quarrying
- 5.1.5 Wholesale and Retail Trade
- 5.1.6 Others
-
5.2 Destination
- 5.2.1 Domestic
- 5.2.2 International
-
5.3 Truckload Specification
- 5.3.1 Full-Truck-Load (FTL)
- 5.3.2 Less than-Truck-Load (LTL)
-
5.4 Containerization
- 5.4.1 Containerized
- 5.4.2 Non-Containerized
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5.5 Distance
- 5.5.1 Long Haul
- 5.5.2 Short Haul
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5.6 Goods Configuration
- 5.6.1 Fluid Goods
- 5.6.2 Solid Goods
-
5.7 Temperature Control
- 5.7.1 Non-Temperature Controlled
- 5.7.2 Temperature Controlled
-
5.8 Country
- 5.8.1 Australia
- 5.8.2 China
- 5.8.3 India
- 5.8.4 Indonesia
- 5.8.5 Japan
- 5.8.6 Malaysia
- 5.8.7 Thailand
- 5.8.8 Vietnam
- 5.8.9 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 A.P. Moller - Maersk
- 6.4.2 C.H. Robinson
- 6.4.3 CMA CGM Group
- 6.4.4 DHL Group
- 6.4.5 Expeditors International of Washington, Inc.
- 6.4.6 Kintetsu Group Holdings Co., Ltd.
- 6.4.7 Nippon Express Holdings.
- 6.4.8 Rhenus Group
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
8. APPENDIX
-
8.1 Global Logistics Market Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
- 8.7 Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, ASIA PACIFIC, 2022
- Figure 2:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, ASIA PACIFIC, 2017 – 2022
- Figure 3:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, ASIA PACIFIC, 2017 - 2027
- Figure 4:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, ASIA PACIFIC, 2022
- Figure 5:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, ASIA PACIFIC, 2017 - 2022
- Figure 6:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, ASIA PACIFIC, 2022
- Figure 7:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, ASIA PACIFIC, 2017 – 2022
- Figure 8:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, ASIA PACIFIC, 2017-2022
- Figure 9:
- RANK OF LOGISTICS PERFORMANCE, RANK, AUSTRALIA, 2010 - 2023
- Figure 10:
- RANK OF LOGISTICS PERFORMANCE, RANK, CHINA, 2010 - 2023
- Figure 11:
- RANK OF LOGISTICS PERFORMANCE, RANK, INDIA, 2010 - 2023
- Figure 12:
- RANK OF LOGISTICS PERFORMANCE, RANK, INDONESIA, 2010 - 2023
- Figure 13:
- RANK OF LOGISTICS PERFORMANCE, RANK, JAPAN, 2010 - 2023
- Figure 14:
- RANK OF LOGISTICS PERFORMANCE, RANK, MALAYSIA, 2010 - 2023
- Figure 15:
- RANK OF LOGISTICS PERFORMANCE, RANK, PAKISTAN, 2010 - 2023
- Figure 16:
- RANK OF LOGISTICS PERFORMANCE, RANK, PHILIPPINES, 2010 - 2023
- Figure 17:
- RANK OF LOGISTICS PERFORMANCE, RANK, THAILAND, 2010 - 2023
- Figure 18:
- RANK OF LOGISTICS PERFORMANCE, RANK, VIETNAM, 2010 - 2023
- Figure 19:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASIA PACIFIC, 2022
- Figure 20:
- SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, ASIA PACIFIC, 2022
- Figure 21:
- VALUE OF EXPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 22:
- VALUE OF IMPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 23:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, ASIA PACIFIC, 2017 - 2022
- Figure 24:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, ASIA PACIFIC, 2022
- Figure 25:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, ASIA PACIFIC, 2022
- Figure 26:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, ASIA PACIFIC, 2022
- Figure 27:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, ASIA PACIFIC, 2016 - 2028
- Figure 28:
- PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2016 - 2021
- Figure 29:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, ASIA PACIFIC, 2022
- Figure 30:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, ASIA PACIFIC, 2022
- Figure 31:
- WHOLESALE PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 32:
- CONSUMER PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 33:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 34:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 35:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 36:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, ASIA PACIFIC, 2017 - 2030
- Figure 37:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 38:
- VOLUME OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 39:
- VALUE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 40:
- VALUE SHARE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 41:
- VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 42:
- VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 43:
- VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 44:
- VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 45:
- VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 46:
- VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 47:
- VOLUME OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 48:
- VALUE OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 49:
- VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 50:
- VOLUME OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 51:
- VALUE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 52:
- VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 53:
- VOLUME OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 54:
- VALUE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 55:
- VALUE SHARE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASIA PACIFIC, 2022 VS 2030
- Figure 56:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 57:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 58:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 59:
- VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 60:
- VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 61:
- VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, ASIA PACIFIC, 2022 VS 2030
- Figure 62:
- VOLUME OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 63:
- VALUE OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 64:
- VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, ASIA PACIFIC, 2022 VS 2030
- Figure 65:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 66:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 67:
- VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 68:
- CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 69:
- VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 70:
- CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 71:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 72:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 73:
- VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 74:
- CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 75:
- VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 76:
- CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 77:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, ASIA PACIFIC, 2017 - 2030
- Figure 78:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, ASIA PACIFIC, 2017 - 2030
- Figure 79:
- VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 80:
- CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 81:
- VALUE OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 82:
- CAGR OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 83:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 84:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 85:
- VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 86:
- CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 87:
- VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 88:
- CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 89:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, ASIA PACIFIC, 2017 - 2030
- Figure 90:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, ASIA PACIFIC, 2017 - 2030
- Figure 91:
- VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 92:
- CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 93:
- VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 94:
- CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, ASIA PACIFIC, 2017 - 2030
- Figure 95:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, USD, ASIA PACIFIC, 2017 - 2030
- Figure 96:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 97:
- VALUE OF AUSTRALIA ROAD FREIGHT TRANSPORT MARKET, USD, AUSTRALIA, 2017 - 2030
- Figure 98:
- CAGR OF AUSTRALIA ROAD FREIGHT TRANSPORT MARKET %, AUSTRALIA, 2017 - 2030
- Figure 99:
- VALUE OF CHINA ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
- Figure 100:
- CAGR OF CHINA ROAD FREIGHT TRANSPORT MARKET %, CHINA, 2017 - 2030
- Figure 101:
- VALUE OF INDIA ROAD FREIGHT TRANSPORT MARKET, USD, INDIA, 2017 - 2030
- Figure 102:
- CAGR OF INDIA ROAD FREIGHT TRANSPORT MARKET %, INDIA, 2017 - 2030
- Figure 103:
- VALUE OF INDONESIA ROAD FREIGHT TRANSPORT MARKET, USD, INDONESIA, 2017 - 2030
- Figure 104:
- CAGR OF INDONESIA ROAD FREIGHT TRANSPORT MARKET %, INDONESIA, 2017 - 2030
- Figure 105:
- VALUE OF JAPAN ROAD FREIGHT TRANSPORT MARKET, USD, JAPAN, 2017 - 2030
- Figure 106:
- CAGR OF JAPAN ROAD FREIGHT TRANSPORT MARKET %, JAPAN, 2017 - 2030
- Figure 107:
- VALUE OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET, USD, MALAYSIA, 2017 - 2030
- Figure 108:
- CAGR OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET %, MALAYSIA, 2017 - 2030
- Figure 109:
- VALUE OF THAILAND ROAD FREIGHT TRANSPORT MARKET, USD, THAILAND, 2017 - 2030
- Figure 110:
- CAGR OF THAILAND ROAD FREIGHT TRANSPORT MARKET %, THAILAND, 2017 - 2030
- Figure 111:
- VALUE OF VIETNAM ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
- Figure 112:
- CAGR OF VIETNAM ROAD FREIGHT TRANSPORT MARKET %, VIETNAM, 2017 - 2030
- Figure 113:
- VALUE OF REST OF ASIA PACIFIC ROAD FREIGHT TRANSPORT MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 114:
- CAGR OF REST OF ASIA PACIFIC ROAD FREIGHT TRANSPORT MARKET %, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 115:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 116:
- MOST ADOPTED STRATEGIES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 117:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA PACIFIC 2022
Asia Pacific 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. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control. Australia, China, India, Indonesia, Japan, Malaysia, Thailand, Vietnam are covered as segments by Country.
- Manufacturing is a key component of the Government of Australia's plan to deliver a strong, modern, and resilient economy for the Australian people. The USD 1.5 billion Modern Manufacturing Strategy project aims to build Australia's reputation as a high-quality and sustainable manufacturing nation by setting the right economic conditions for business, promoting science and technology for industries, focusing on the areas of manufacturing advantage, and building national resilience for a stronger economy.
- In 2022, in China, the gross production value of agricultural products amounted to USD 1.3 trillion, which has shown a YoY growth of more than 6%. The agriculture industry is a significant driver of domestic road freight services' growth due to the increasing output of agricultural products. For example, despite the pandemic, China's overall grain output reached 685 million tonnes in 2022, an increase of 3.7 million tonnes over 2021. This resulted in an increased demand for road freight services. According to the Government Work Report, food security is one of six key government jobs in 2023, with grain production expected to increase by 50 million tonnes.
- In India, the total foodgrain production in the country in 2022-23 was estimated to go up to a record 330.5 million tons (MT) from 315.6 million MT. The government has taken a lot of initiatives to create reliable and connected agri logistics networks across the country for transporting agricultural products. The government has introduced the “Kisan Rath” smartphone app to make it easy for farmers, FPOs, and traders to rent vehicles for transporting agri-products.
| 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 | |
| Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Thailand | |
| Vietnam | |
| Rest of Asia Pacific |
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Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
- Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
- Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
| Keyword | Definition |
|---|---|
| Cabotage | Road transport by a motor vehicle registered in a country performed on the national territory of another country. |
| Cross Docking | Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock. |
| Cross Trade | International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Dangerous Goods | The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Reverse Logistics | Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transport for hire or reward | The carriage for remuneration of goods. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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