Worth the freight: Recovering international trade volumes are driving revenue growth
The Road Freight Transport industry plays a vital role in numerous industries' supply chains. Its major markets span wholesale and retail trade, construction and the agricultural sector. Since a decline in one major market may be offset by growth in another, the diversity of these markets stabilises industry revenue growth. Overall demand for road freight services has grown in recent years, driven by expanding international trade volumes despite a dip at the beginning of the pandemic. That's why industry revenue has risen at an annualised 1.9% over the five years through the end of 2022-23, reaching an anticipated $9.7 billion. This includes a 3.9% increase in the current year.
Industry operators are mainly engaged in the transportation of freight by road. The industry also includes players that provide truck hire with drivers for road freight transport and road vehicle towing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mainfreight Limited
Methodology
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