How big is the ASEAN Road Freight Transport Market?

The ASEAN Road Freight Transport Market size is expected to reach USD 111.90 billion in 2024 and grow at a CAGR of 6.15% to reach USD 160.11 billion by 2030. Read More

What is the current ASEAN Road Freight Transport Market size?

In 2024, the ASEAN Road Freight Transport Market size is expected to reach USD 111.90 billion. Read More

Who are the key players in ASEAN Road Freight Transport Market?

DHL Group, K Line Logistics, Kerry Logistics Network Limited, Konoike Group and Tiong Nam Logistics are the major companies operating in the ASEAN Road Freight Transport Market. Read More

Which segment has the biggest share in the ASEAN Road Freight Transport Market?

In the ASEAN Road Freight Transport Market, the Manufacturing segment accounts for the largest share by end user industry. Read More

Which country has the biggest share in the ASEAN Road Freight Transport Market?

In 2024, Indonesia accounts for the largest share by country in the ASEAN Road Freight Transport Market. Read More

What years does this ASEAN Road Freight Transport Market cover, and what was the market size in 2023?

In 2023, the ASEAN Road Freight Transport Market size was estimated at 111.90 billion. The report covers the ASEAN Road Freight Transport Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the ASEAN Road Freight Transport Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

ASEAN Road Freight Transport Market - Size, Share & Industry Trends Analysis

ASEAN Road Freight Transport Market Size

ASEAN Road Freight Transport Market Summary

Icons	Lable	Value
	Study Period	2017 - 2030
	Market Size (2024)	USD 111.90 Billion
	Market Size (2030)	USD 160.11 Billion
	Largest Share by End User Industry	Manufacturing
	CAGR (2024 - 2030)	6.15 %
	Largest Share by Country	Indonesia
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

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ASEAN Road Freight Transport Market Analysis

The ASEAN Road Freight Transport Market size is estimated at 111.90 billion USD in 2024, and is expected to reach 160.11 billion USD by 2030, growing at a CAGR of 6.15% during the forecast period (2024-2030).

111.90 Billion

Market Size in 2024 (USD)

160.11 Billion

Market Size in 2030 (USD)

4.84 %

CAGR (2017-2023)

6.15 %

CAGR (2024-2030)

Largest Market by Distance

73.38 %

value share, Long Haul, 2023

A significant rise in exports and imports is a prominent factor that is driving the demand for long-haul trucking. For instance, exports registered a growth of 22.32% YoY in 2022.

Largest Market by Goods Configuration

64.53 %

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

32.70 %

value share, Manufacturing, 2023

Indonesia’s government aims to attract over USD 50 billion in foreign investments over the next decade, particularly for special economic zones (SEZ)-oriented manufacturing.

Fastest Growing Market by Truckload Specification

6.88 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

The LTL segment's growth is attributable to the booming e-commerce industry. Asia-Pacific’s e-commerce is expected to register a CAGR of 11.16% during 2023-2027.

First Leading Market Player

1.06 %

market share, Kerry Logistics Network Limited, 2022

Kerry Express (a subsidiary of SF Express) has offices across Thailand, Vietnam, Hong Kong, Taiwan, Malaysia, and Indonesia and handles more than 15 million boxes per month.

Thailand aims for 30% of the total vehicle production to account for electric cars by 2030 through the Electric Vehicle Policy

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, Thailand is one of the largest automotive manufacturers in Southeast Asia, producing over 2 million vehicles annually for various household brands. The country's Electric Vehicle Policy aims for 30% of the total vehicle production to account for electric cars by 2030. The Thai government successfully attracted major automotive brands, such as Japanese, European, and US manufacturers, to set up production and export bases in Thailand.
The retail sales of consumer goods and services in Vietnam reached USD 242 billion in 2022, a surge of 19.8% compared to the same period in the previous year. This was also a 15% increase from 2019. Despite the pandemic’s impact, the retail industry in Vietnam recovered fully and is expected to grow. Both domestic and foreign retailers sped up their businesses in 2022 with post-pandemic plans to further tap the country’s growing middle-income group, creating a booming year for the industry. For instance, Aeon, Japan’s largest retailer, is accelerating the opening of malls and stores in Vietnam to expand its presence.
During the period 2023-2027, the ASEAN e-commerce market is projected to register a CAGR of 11.11%. This growth in the e-commerce market is expected to boost the wholesale and retail trade end-user segment. Moreover, the increase in exploration and production activities is expected to drive the growth of the oil and gas, mining, and quarrying segment. For instance, Indonesia aims to increase its crude oil lifting to 1 million bpd by 2030 and boost efforts to attract investment.

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Growing demand for trucking services is supported by rising e-commerce sales and infrastructure development in the industry

Indonesia is the leader in the ASEAN region in terms of trade volumes. In June 2023, DHL Express expanded its electric fleet in Indonesia with 24 electric transporter vans. The new electric delivery vans will be used in the capital, Jakarta and Bandung. The delivery fleet will also be electrified beyond this. The 24 electric transporters will not be the first electric vehicles in the logistics company's Indonesian fleet. So far, DHL Express has four electric vans and six electric bikes in operation in Indonesia, serving areas in Jakarta and Surabaya.
Thailand holds the second position in the ASEAN region in terms of trade volumes. Thailand offers excellent investment potential as a leading automotive production base in the ASEAN region, a fast-developing region for the automotive manufacturing industry. Over 50 years, the country has developed from an assembler of auto parts and components into a top automotive manufacturing and export hub. With shipments bound for around 100 countries, Thailand is the 13th-largest automotive parts exporter, the sixth-largest commercial vehicle manufacturer globally, and the largest in the ASEAN region.
Malaysia comes third in the ASEAN region in terms of trade volumes. Malaysia's transport infrastructure and logistics services will be further strengthened under the 12th Malaysia Plan (12MP) during 2021-2025. Under the plan, as part of efforts to drive the transport and logistics industry toward competitiveness, the government aims to be in the top 10 rankings of the World Container Port's Report and top 30 ranks in the World Bank Logistics Performance Index by 2025. Putrajaya (a city in Malaysia) is aiming for a 10% increase in cargo volume via rail in the northern, central, and southern regions of the country.

ASEAN Road Freight Transport Market Trends

ASEAN's transportation and storage sector recorded 26.02% growth in 2022, driven by rising infrastructure demand

In 2022, the transportation and storage sector saw a substantial 26.02% YoY growth, primarily attributed to the rising demand for transportation infrastructure. The economic growth in ASEAN nations over recent decades has boost the trade and investment activities, consequently increasing the need for transportation and storage services to facilitate the movement and storage of goods. Malaysia has made significant strides in enhancing its logistics industry to position itself as a regional logistics hub and an ASEAN gateway.
Foreign direct investment (FDI) inflows in ASEAN surged by 42% in 2021, reaching USD 174 billion. The key drivers behind this increase were investments in manufacturing, finance, and select service sectors linked to the rapidly expanding digital economy and Industry 4.0 initiatives. Among these, manufacturing experienced the most substantial growth, with a 134% increase to USD 45 billion, particularly in industries like electric vehicles (EVs), electronics, biomedical, and pharmaceuticals. However, the foreign direct investment in vehicle and other transportation industries in Indonesia amounted to approximately USD 1.5 billion in 2022.
Logistics costs in certain ASEAN member countries can make up as much as 20% of the total cost of finished products, nearly twice the worldwide average. Indonesia has plans to invest around USD 240 billion in enhancing its infrastructure between 2022 and 2024. However, the country's main emphasis on infrastructure development is the transportation sector. Within this category, ongoing and upcoming road, rail, and port infrastructure projects make up 29%, 22%, and 23% of the total value of these initiatives, respectively.

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Impact of the Ukraine-Russia war on ASEAN countries led to increased fuel prices and supply chain disruptions

The price of diesel has gradually fallen since February 2023 to THB 32 (USD 0.92) a liter in response to declining global oil prices. Thailand’s Oil Fuel Fund decided to maintain the current retail price of diesel at USD 1.01 per liter in an attempt to help mitigate the high living cost amidst global oil price fluctuations. As part of Malaysia's goal to construct the oil refining and storage hub to meet the domestic demand for refined petroleum products, Petronas has invested about USD 16 billion in the Refining and Petrochemicals Integrated Development Project (RAPID) in Johor. The RAPID facility will be the country's first refinery to produce diesel and gasoline that meet the Euro V standard, which lowers carbon dioxide emission levels.
The YoY growth of natural gas prices was recorded at 34.3%, and the YoY growth of gasoline prices stood at 12.8% in 2021. With the rising fuel costs, trucking carriers and operators across the region are struggling to keep up with the increasing prices, and the cost of diesel is affecting freight rates and trucking capacity. Many of the current measures in Southeast Asia were implemented in response to the energy market dynamics in the second half of 2021 and are yet to incorporate the impact of the Russia-Ukraine war.
To reduce growing subsidies, the Indonesian government increased subsidized fuel prices by approximately 30% in September 2022 despite the potential risk of mass protests. The price of subsidized gasoline was raised from IDR 7,650 (USD 1.18) per liter to IDR 10,000 (USD 0.67) per liter, while the price of subsidized diesel rose from IDR 5,150 (USD 0.35) per liter to IDR 6,800 (USD 0.46) per liter.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

ASEAN economies are promoting the manufacturing sector by introducing several strategic initiatives to stimulate growth
ASEAN's e-commerce market is expected to grow rapidly, registering a CAGR of 11% during 2023-27
Construction of new expressways, coupled with significant road expansions and infrastructural investments, are driving market growth in the region
Huge reliance on wheat imports has become a major concern to food security for ASEAN countries
Increasing fleet production and sales of commercial vehicles witnessed in Indonesia, Vietnam, and Malaysia
The primary focus of Thailand's government within the ASEAN region is on infrastructure projects, with an investment exceeding USD 45 billion
ASEAN countries are improving connectivity via various infrastructure projects for all modes of transport

Indonesia, Malaysia, and Thailand are leading oil and gas GDP growth in the ASEAN region, followed by the manufacturing sector demand
The GVA of the manufacturing industry in the region grew by over 10% YoY in 2022, led by food and beverages sub-segment
ASEAN economies anticipates growth in exports by 2030 led by development in manufacturing sector
Vietnam aims to reduce the country's logistics costs and bring it between 16% and 20% of GDP by 2025
ASEAN's truck volume is expected to reach 1.7 million units by 2030, registering a CAGR of 7.9% during 2020-2030
Countries in the ASEAN region are aiming to reduce road freight costs via various initiatives during 2023-2030
ASEAN countries witnessed a significant rise in producer and consumer prices due to increases in fuel and food costs

ASEAN Road Freight Transport Industry Overview

The ASEAN Road Freight Transport Market is fragmented, with the top five companies occupying 1.48%. The major players in this market are DHL Group, K Line Logistics, Kerry Logistics Network Limited, Konoike Group and Tiong Nam Logistics (sorted alphabetically).

ASEAN Road Freight Transport Market Leaders

DHL Group
K Line Logistics
Kerry Logistics Network Limited
Konoike Group
Tiong Nam Logistics

ASEAN Road Freight Transport Market Concentration

Other important companies include Gemadept, MOL Logistics, Profreight Group, Yatfai Group.

*Disclaimer: Major Players sorted in alphabetical order.

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ASEAN Road Freight Transport Market News

June 2023: DHL Express has geared up to electrify its last-mile delivery fleet by deploying 24 electric vans in Jakarta and Bandung. The new electric vehicles will join the existing fleet which includes four electric vans and six electric bikes serving areas in Jakarta and Surabaya.
June 2023: Chery Malaysia signed a logistic services agreement with Tiong Nam Logistics Holdings Berhad, which is responsible for spare parts warehousing and transportation logistics services. Tiong Nam Logistics has obtained the rights to handle Chery’s spare parts warehousing and transportation in Malaysia, including heavy-duty vehicle models such as TIGGO 8 PRO and OMODA5.
May 2023: Kerry Express (KEX),has announced a partnership with All Speedy Co, a subsidiary of CP All, to extend its services to 7-Eleven branches across the country. This cooperation between Kerry Express and All Speedy is aimed at increasing the availability of their express parcel delivery service by leveraging the extensive nationwide network of 7-Eleven outlets.

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.

ASEAN Road Freight Transport Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. GDP Distribution By Economic Activity
2. 2.2. GDP Growth By Economic Activity
3. 2.3. Economic Performance And Profile
  1. 2.3.1. Trends in E-Commerce Industry
  2. 2.3.2. Trends in Manufacturing Industry
4. 2.4. Transport And Storage Sector GDP
5. 2.5. Logistics Performance
6. 2.6. Length Of Roads
7. 2.7. Export Trends
8. 2.8. Import Trends
9. 2.9. Fuel Pricing Trends
10. 2.10. Trucking Operational Costs
11. 2.11. Trucking Fleet Size By Type
12. 2.12. Major Truck Suppliers
13. 2.13. Road Freight Tonnage Trends
14. 2.14. Road Freight Pricing Trends
15. 2.15. Modal Share
16. 2.16. Inflation
17. 2.17. Regulatory Framework
18. 2.18. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
1. 3.1. End User Industry
  1. 3.1.1. Agriculture, Fishing, and Forestry
  2. 3.1.2. Construction
  3. 3.1.3. Manufacturing
  4. 3.1.4. Oil and Gas, Mining and Quarrying
  5. 3.1.5. Wholesale and Retail Trade
  6. 3.1.6. Others
2. 3.2. Destination
  1. 3.2.1. Domestic
  2. 3.2.2. International
3. 3.3. Truckload Specification
  1. 3.3.1. Full-Truck-Load (FTL)
  2. 3.3.2. Less than-Truck-Load (LTL)
4. 3.4. Containerization
  1. 3.4.1. Containerized
  2. 3.4.2. Non-Containerized
5. 3.5. Distance
  1. 3.5.1. Long Haul
  2. 3.5.2. Short Haul
6. 3.6. Goods Configuration
  1. 3.6.1. Fluid Goods
  2. 3.6.2. Solid Goods
7. 3.7. Temperature Control
  1. 3.7.1. Non-Temperature Controlled
  2. 3.7.2. Temperature Controlled
8. 3.8. Country
  1. 3.8.1. Indonesia
  2. 3.8.2. Malaysia
  3. 3.8.3. Thailand
  4. 3.8.4. Vietnam
  5. 3.8.5. Rest of ASEAN
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. DHL Group
  2. 4.4.2. Gemadept
  3. 4.4.3. K Line Logistics
  4. 4.4.4. Kerry Logistics Network Limited
  5. 4.4.5. Konoike Group
  6. 4.4.6. MOL Logistics
  7. 4.4.7. Profreight Group
  8. 4.4.8. Tiong Nam Logistics
  9. 4.4.9. Yatfai Group
5. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
6. APPENDIX
1. 6.1. Global Logistics Market Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter’s Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms
7. 6.7. Currency Exchange Rate

List of Tables & Figures

Figure 1:
DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, ASEAN, 2022

Figure 2:
GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, ASEAN, 2017 – 2022

Figure 3:
GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, ASEAN, 2017 - 2027

Figure 4:
SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, ASEAN, 2022

Figure 5:
GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, ASEAN, 2017 - 2022

Figure 6:
SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, ASEAN, 2022

Figure 7:
VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, ASEAN, 2017 – 2022

Figure 8:
TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, ASEAN, 2017-2022

Figure 9:
SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASEAN, 2022

Figure 10:
SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, ASEAN, 2022

Figure 11:
VALUE OF EXPORTS, USD, ASEAN, 2017 - 2022

Figure 12:
VALUE OF IMPORTS, USD, ASEAN, 2017 - 2022

Figure 13:
FUEL PRICE BY TYPE OF FUEL, USD/LITER, ASEAN, 2017 - 2022

Figure 14:
OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, ASEAN, 2022

Figure 15:
TRUCKING FLEET SIZE BY TYPE, SHARE %, ASEAN, 2022

Figure 16:
MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, ASEAN, 2022

Figure 17:
FREIGHT HANDLED BY ROAD TRANSPORT, TONS, ASEAN, 2016 - 2028

Figure 18:
PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASEAN, 2016 - 2021

Figure 19:
MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, ASEAN, 2022

Figure 20:
MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, ASEAN, 2022

Figure 21:
WHOLESALE PRICE INFLATION RATE, %, ASEAN, 2017 - 2022

Figure 22:
CONSUMER PRICE INFLATION RATE, %, ASEAN, 2017 - 2022

Figure 23:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 24:
VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 25:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, ASEAN, 2017 - 2030

Figure 26:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, ASEAN, 2017 - 2030

Figure 27:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASEAN, 2017 - 2030

Figure 28:
VOLUME OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 29:
VALUE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 30:
VALUE SHARE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 31:
VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 32:
VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 33:
VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 34:
VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 35:
VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 36:
VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 37:
VOLUME OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 38:
VALUE OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 39:
VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 40:
VOLUME OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 41:
VALUE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 42:
VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 43:
VOLUME OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 44:
VALUE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 45:
VALUE SHARE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, ASEAN, 2022 VS 2030

Figure 46:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, ASEAN, 2017 - 2030

Figure 47:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, ASEAN, 2017 - 2030

Figure 48:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASEAN, 2017 - 2030

Figure 49:
VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 50:
VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 51:
VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, ASEAN, 2022 VS 2030

Figure 52:
VOLUME OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASEAN, 2017 - 2030

Figure 53:
VALUE OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 54:
VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, ASEAN, 2022 VS 2030

Figure 55:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, ASEAN, 2017 - 2030

Figure 56:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, ASEAN, 2017 - 2030

Figure 57:
VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 58:
CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 59:
VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 60:
CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 61:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, ASEAN, 2017 - 2030

Figure 62:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, ASEAN, 2017 - 2030

Figure 63:
VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 64:
CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 65:
VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 66:
CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 67:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, ASEAN, 2017 - 2030

Figure 68:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, ASEAN, 2017 - 2030

Figure 69:
VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 70:
CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 71:
VALUE OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 72:
CAGR OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 73:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, ASEAN, 2017 - 2030

Figure 74:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, ASEAN, 2017 - 2030

Figure 75:
VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 76:
CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 77:
VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 78:
CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 79:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, ASEAN, 2017 - 2030

Figure 80:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, ASEAN, 2017 - 2030

Figure 81:
VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 82:
CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 83:
VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASEAN, 2017 - 2030

Figure 84:
CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, ASEAN, 2017 - 2030

Figure 85:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, USD, ASEAN, 2017 - 2030

Figure 86:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, %, ASEAN, 2017 - 2030

Figure 87:
VALUE OF INDONESIA ROAD FREIGHT TRANSPORT MARKET, USD, INDONESIA, 2017 - 2030

Figure 88:
CAGR OF INDONESIA ROAD FREIGHT TRANSPORT MARKET %, INDONESIA, 2017 - 2030

Figure 89:
VALUE OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET, USD, MALAYSIA, 2017 - 2030

Figure 90:
CAGR OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET %, MALAYSIA, 2017 - 2030

Figure 91:
VALUE OF THAILAND ROAD FREIGHT TRANSPORT MARKET, USD, THAILAND, 2017 - 2030

Figure 92:
CAGR OF THAILAND ROAD FREIGHT TRANSPORT MARKET %, THAILAND, 2017 - 2030

Figure 93:
VALUE OF VIETNAM ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030

Figure 94:
CAGR OF VIETNAM ROAD FREIGHT TRANSPORT MARKET %, VIETNAM, 2017 - 2030

Figure 95:
VALUE OF REST OF ASEAN ROAD FREIGHT TRANSPORT MARKET, USD, REST OF ASEAN, 2017 - 2030

Figure 96:
CAGR OF REST OF ASEAN ROAD FREIGHT TRANSPORT MARKET %, REST OF ASEAN, 2017 - 2030

Figure 97:
MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASEAN, 2017 - 2023

Figure 98:
MOST ADOPTED STRATEGIES, COUNT, ASEAN, 2017 - 2023

Figure 99:
VALUE SHARE OF MAJOR PLAYERS, %, ASEAN 2022

ASEAN 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. 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, Thailand is one of the largest automotive manufacturers in Southeast Asia, producing over 2 million vehicles annually for various household brands. The country's Electric Vehicle Policy aims for 30% of the total vehicle production to account for electric cars by 2030. The Thai government successfully attracted major automotive brands, such as Japanese, European, and US manufacturers, to set up production and export bases in Thailand.
The retail sales of consumer goods and services in Vietnam reached USD 242 billion in 2022, a surge of 19.8% compared to the same period in the previous year. This was also a 15% increase from 2019. Despite the pandemic’s impact, the retail industry in Vietnam recovered fully and is expected to grow. Both domestic and foreign retailers sped up their businesses in 2022 with post-pandemic plans to further tap the country’s growing middle-income group, creating a booming year for the industry. For instance, Aeon, Japan’s largest retailer, is accelerating the opening of malls and stores in Vietnam to expand its presence.
During the period 2023-2027, the ASEAN e-commerce market is projected to register a CAGR of 11.11%. This growth in the e-commerce market is expected to boost the wholesale and retail trade end-user segment. Moreover, the increase in exploration and production activities is expected to drive the growth of the oil and gas, mining, and quarrying segment. For instance, Indonesia aims to increase its crude oil lifting to 1 million bpd by 2030 and boost efforts to attract investment.

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
		Indonesia
		Malaysia
		Thailand
		Vietnam
		Rest of ASEAN

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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