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Asia Pacific Road Freight Transport - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2028

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  • 309 Pages
  • February 2024
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5717198
The Asia Pacific Road Freight Transport Market size is estimated at USD 1.44 trillion in 2024, and is expected to reach USD 1.78 trillion by 2028, growing at a CAGR of 5.44% during the forecast period (2024-2028).

Key Highlights

  • Largest Segment by Distance - Long Haul : Long haul has been dominant in Asia-Pacific's road freight trucking industry as the countries in this region share close borders, thus fostering trade and boosting the growth of long-haul trucking services.
  • Largest Segment by Product Type - Solid Goods : Industries in the solid goods segment also comprise a significant portion of the region's GDP. Thus, the solid goods segment is the largest in the Asia-Pacific road freight transport market.
  • Largest Segment by End User - Manufacturing : The manufacturing segment, which accounts for a high share of the region's GDP, is the largest end-user segment in the Asia-Pacific road freight transport market.
  • Fastest Growing Segment by Truckload Specification - Less than Truckload : SMEs are one of the key end users of the less-than truckload segment, making it the fastest-growing segment among truckload specifications in the Asia-Pacific region.

APAC Road Freight Transport Market Trends

Manufacturing is the largest segment by End User.

  • In China, the gross production value of agricultural products is projected to amount to USD 1,498 billion by the end of 2022. An annual growth rate of 3.09% is expected (CAGR during 2022-2025) by the end of 2025. In 2020, the agricultural production value in China amounted to around CNY 7.17 trillion (USD 1.09 trillion).
  • In FY 2020, India had a total number of 878 steel plants producing crude steel. In FY 2021, India’s crude steel production stood at 103.54 million tons. According to Worldsteel, crude steel output in India registered a 46.9% YoY growth to reach 9.2 million tons in May 2021 compared to 5.8 million tons of crude steel output registered in May 2020. Steel production in India is projected to increase by 18% to reach 120 million tons (MT) by the end of FY 2022. India’s crude steel production volume was 102.49 million tons (MT) in FY 2021 and 9.5 tons in September 2021 alone.
  • 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.

China is the largest segment by Country.

  • China is a leader in the Asia-Pacific region. It is the world’s largest manufacturer in terms of output and has earned a reputation as the world’s factory. Its two purchasing managers’ indices (PMIs) are indicators of economic health, which help gauge sentiment in the business sector. In June 2021, China’s official manufacturing PMI stood at 50.9, with a reading above 50 points, signifying activity growth in the sector, followed by a reading of 51.0 points in May 2021.
  • India holds the second position in the Asia-Pacific trade volume. As the fourth-largest producer of commercial vehicles across the world, India exported a considerable volume of commercial vehicles to other countries. In 2019, the European Union imported commercial vehicles worth EUR 65 million (USD 72.79 million) from India. India exported light commercial vehicles and medium and heavy commercial vehicles. Tata Motors was the leading exporter of commercial vehicles from the country.
  • 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 across Australia over the next 10 years, from 2021 to 2022, through its rolling infrastructure pipeline. The majority of this share is 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 Australia. The government 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 in the post-pandemic economy.

APAC Road Freight Transport Industry Overview

The Asia Pacific Road Freight Transport Market is fragmented, with the top five companies occupying 2.51%. The major players in this market are APL Logistics, Deutsche Post DHL Group, Expeditors International, Kintetsu World Express and Nippon Express (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4.1 GDP Distribution By Economic Activity
4.2 GDP Growth By Economic Activity
4.3 Wholesale Price Inflation
4.4 Economic Performance And Profile
4.5 Transport And Storage Sector GDP
4.6 Logistics Performance
4.7 Modal Share Of Freight Transport Sector
4.8 Length Of Roads
4.9 Export Trends
4.10 Import Trends
4.11 Fuel Pricing Trends
4.12 Trucking Operational Costs
4.13 Trucking Fleet Size By Type
4.14 Major Truck Suppliers
4.15 Road Freight Tonnage Trends
4.16 Road Freight Pricing Trends
4.17 Regulatory Framework
4.18 Value Chain & Distribution Channel Analysis
5.1 End User
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 Truckload
5.3.2 Less Than Truckload
5.4 Containerization
5.4.1 Containerized
5.4.2 Non- Containerized
5.5 Distance
5.5.1 Long Haul
5.5.2 Short Haul
5.6 Product Type
5.6.1 Liquid Goods
5.6.2 Solid Goods
5.7 Temperature Control
5.7.1 Controlled
5.7.2 Non-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 The Asia Pacific
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 APL Logistics
6.4.2 C.H. Robinson
6.4.3 Ceva Logistics
6.4.4 Deutsche Post DHL Group
6.4.5 Expeditors International
6.4.6 FedEx
6.4.7 Kintetsu World Express
6.4.8 Maersk
6.4.9 Nippon Express
6.4.10 Rhenus Group
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • APL Logistics
  • C.H. Robinson
  • Ceva Logistics
  • Deutsche Post DHL Group
  • Expeditors International
  • FedEx
  • Kintetsu World Express
  • Maersk
  • Nippon Express
  • Rhenus Group