Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 1.03 Trillion |
Market Size (2030) | USD 1.39 Trillion |
CAGR (2025 - 2030) | 6.14 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Asia Pacific Road Freight Transport Market Analysis
The Asia Pacific Road Freight Transport Market size is estimated at 1.03 trillion USD in 2025, and is expected to reach 1.39 trillion USD by 2030, growing at a CAGR of 6.14% during the forecast period (2025-2030).
The Asia Pacific road freight transport landscape is undergoing significant transformation driven by infrastructure development and technological advancement. Governments across the region are making substantial investments in transportation infrastructure to enhance connectivity and efficiency. For instance, China has announced plans to expand its expressway network to 130,000 kilometers by 2027, representing an 11% increase from 2021 levels. The Australian government has committed to a comprehensive infrastructure development program, allocating substantial funds for land transport infrastructure improvements over the next decade. These infrastructure initiatives are complemented by the increasing adoption of digital freight technologies and automation in logistics operations.
The industry is witnessing a notable shift towards sustainable and environmentally conscious operations. In a landmark development in July 2023, fifteen prominent companies formed a strategic alliance under the Zero Emission Vehicles Emerging Markets Initiative (ZEV-EMI) and India's E-FAST initiative. This collaboration has set ambitious targets for electric commercial vehicle adoption, aiming to deploy approximately 7,700 units by 2030. The transition to sustainable transport solutions is further supported by government policies and regulatory frameworks promoting clean energy alternatives in freight transport.
Technological innovation and automation are revolutionizing warehouse operations and logistics efficiency across the region. DHL Supply Chain's recent announcement of a USD 101.86 million investment in automation and robotics for its Australian warehouses, including plans to deploy 1,000 new assisted picking robots by 2025, exemplifies this trend. This focus on technological advancement is reshaping traditional logistics operations, improving efficiency, and reducing operational costs while addressing labor shortage challenges in the sector.
The agricultural and food logistics sector is emerging as a crucial component of the road freight transport market, driven by increasing production and modernization initiatives. India's foodgrain production reached a record 330.5 million tons in 2022-23, necessitating robust logistics services networks for efficient distribution. Governments are implementing innovative solutions to streamline agricultural logistics, as evidenced by India's introduction of the "Kisan Rath" smartphone application, which facilitates vehicle rental for agricultural transport. These developments are complemented by the Australian government's USD 1.5 billion Modern Manufacturing Strategy, which aims to strengthen the country's manufacturing capabilities and enhance supply chain resilience across various sectors.
Asia Pacific Road Freight Transport Market Trends
Asia-Pacific freight demand is driven by global seaborne trade, which is triggering transport sector investments
- On May 17, 2024, a fair at Tokyo Station in Japan highlighted the growing use of high-speed passenger trains for light freight. This shift, driven by a shortage of commercial drivers and new overtime laws, has increased road delivery costs by up to 20%. Since August 2023, JR East has been running a same-day delivery service from Niigata to Tokyo using a dedicated 12-car Series E trainset. Items transported include fresh food, confectionery, drinks, flowers, precision components, and medical supplies. In September 2023, JR East launched a freight-only service on the Tohoku Shinkansen and now offers Hakobyun-branded freight services across its high-speed and Limited Express networks.
- In the 14th Five-Year Plan (2021-2025), China revealed goals for expanding its transportation network. By 2025, high-speed railways will extend to 50,000 kms, up from 38,000 kms in 2020, with 95% of cities with populations above 500,000 covered by 250-km lines. The country aims to increase its railway length to 165,000 kms, civil airports to over 270, subway lines in cities to 10,000 kms, expressways to 190,000 kms, and high-level inland waterways to 18,500 kms by 2025. The primary objective is to achieve integrated development by 2025, emphasizing advancements in the transformation of the transportation system and its contribution to GDP.
Owing to global uncertainties, crude oil prices are soaring in the Asian economies as most of them are net oil importers
- In 2023, China's crude oil imports rose by 11% to 563.99 MMT, driven by higher global oil prices due to the Russia-Ukraine War. In early 2024, imports increased by 5.1% YoY, reaching 88.31 MMT, as China capitalized on lower prices earlier. Brent futures peaked at USD 97.69 in September 2023, dropped to USD 72.29 in December, and rose to USD 84.05 by March 2024. OPEC+'s decision in March 2024 to extend output cuts has further boosted prices, raising concerns about global demand and potentially slowing China's imports in H2 2024.
- Australia's federal government will introduce a new fuel efficiency standard for passenger and light commercial vehicles starting January 1, 2025. This follows a one-month consultation period before drafting the new laws. Announced as part of the 2023 budget and linked to the EV strategy released in April 2023, the standard sets average CO2 targets for vehicle manufacturers. These targets will gradually decrease, requiring the production of more fuel-efficient and low or zero-emissions vehicles.
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’s cross-border e-commerce surged 15.6% YoY in 2023, driven by government support and the Belt and Road Initiative
- The Asia Pacific region is investing in transportation infrastructure to boost its connectivity and business opportunities
- Asia Pacific economies are striving toward robust export growth by 2030, driven by government initiatives to boost trade
- Rising fuel prices and truck driver shortage impact the overall trucking operational costs
- The Indian government’s budget allocation worth USD 631 million is driving initiatives to subsidize and promote the adoption of electric trucks
- 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 price increases due to high energy and utility cost since 2022
- Australia aims for agriculture to surpass USD 100 billion by 2030, with investments boosting infrastructure and growth
- India's manufacturing sector is set to hit USD 1 trillion by 2025, with laptops, tablets, and NEVs growing significantly
- China, Japan and India focusing excessively on road network maintenance and development in the Asia Pacific region
- 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 road freight transport market, with investments of more than USD 33 billion by 2050
- Supportive trade policies and initiatives, coupled with investments and government support, are driving growth in the region
Segment Analysis: End User Industry
Manufacturing Segment in Asia Pacific Road Freight Transport Market
The manufacturing segment dominates the Asia Pacific road freight transport market, accounting for approximately 40% of the total market value in 2024. This significant market share is driven by the robust performance of automotive manufacturing, particularly in China, where carmakers produced over 27 million units with electric vehicle output reaching 7.1 million units. The segment's strength is further reinforced by Japan's position as a global manufacturing superpower and India's growing manufacturing capabilities, especially in sectors like electronics, automotive components, and industrial machinery. The implementation of China's 14th Five-Year Plan and various manufacturing initiatives across the region, including Australia's USD 1.5 billion Modern Manufacturing Strategy, continues to drive demand for truck transportation services in this segment.

Wholesale and Retail Trade Segment in Asia Pacific Road Freight Transport Market
The wholesale and retail trade segment is experiencing remarkable growth in the Asia Pacific road freight transport market, driven primarily by the explosive growth of e-commerce and digital retail platforms. The segment's expansion is supported by China's position as the largest e-commerce market globally, accounting for almost 50% of the world's transactions. The growth is further accelerated by India's retail industry projections, which show potential to reach USD 1.8 trillion by 2030, and Japan's robust e-commerce sector that continues to expand despite being a mature market. The integration of digital technologies, improved last-mile cargo delivery solutions, and the rise of omnichannel retail strategies are contributing to this segment's rapid evolution.
Remaining Segments in End User Industry
The other segments in the Asia Pacific road freight transport market include construction, agriculture, fishing and forestry (AFF), oil and gas, mining and quarrying, and various other industries. The construction segment benefits from massive infrastructure development projects across the region, particularly in China's Belt and Road Initiative. The AFF segment is strengthened by increasing agricultural exports and government initiatives to modernize farming practices. The oil and gas, mining and quarrying segment is driven by resource-rich countries like Australia and Indonesia, while maintaining steady demand for specialized road haulage services. These segments collectively contribute to the market's diversity and stability, each serving specific economic sectors with unique transportation requirements.
Segment Analysis: Destination
Domestic Segment in Asia Pacific Road Freight Transport Market
The domestic segment continues to dominate the Asia Pacific road freight transport market, accounting for approximately 70% of the total market value in 2024. This significant market share is primarily driven by the robust performance of domestic e-commerce and manufacturing sectors across the region. In China, domestic truck transportation remains particularly strong with about 70% of freight traveling by road, supported by approximately 20 million truck drivers. The inter-city road logistics spending in India represents around 87% of the total road logistics spending, with the on-demand/spot market accounting for 63% of total spending. Japan's domestic road freight sector is notably strong, with approximately 90% of the country's freight being transported by road, primarily driven by small and medium enterprises which account for about 99% of general trucking businesses.
International Segment in Asia Pacific Road Freight Transport Market
The international segment is emerging as the fastest-growing segment in the Asia Pacific road freight transport market, driven by increasing cross-border trade and regional economic integration. The growth is particularly evident in China's strengthening trade relationships, exemplified by the launch of new cross-border road freight lines connecting major economic regions. Vietnam's transport ministry has established an ambitious logistics infrastructure plan, estimated to cost between USD 43 billion and USD 65 billion by 2030 in the southeast region, focusing on developing international-level logistics systems in collaboration with international border gates and major economic corridors. Thailand's Ministry of Transport has unveiled plans to construct eight motorways running parallel with rail routes to improve the country's international transport links, with the longest route spanning 1,660 km between Chaing Rai and Songkhla.
Segment Analysis: Truckload Specification
Full-Truck-Load (FTL) Segment in Asia Pacific Road Freight Transport Market
The Full-Truck-Load (FTL transport) segment dominates the Asia Pacific road freight transport market, commanding approximately 80% of the total market share in 2024. The segment's prominence is largely driven by the growing transportation demand for heavy machinery and bulk goods across the region. In China, the freight trucking industry has particularly benefited from strong economic development and rising domestic consumption, with inland regions showing increased manufacturing activity. The segment's growth is further supported by rapidly developing road infrastructure and new cross-border FTL trucking services, such as the route connecting major cities in Europe via Mongolia launched in 2023. Major players like Delhivery, CCI Logistics, and Vahak continue to strengthen their FTL service offerings, while companies like Flipkart's supply chain arm, Ekart, have introduced large fleets of GPS-enabled trucks for nationwide delivery through B2B services.
Less-Than-Truck-Load (LTL) Segment in Asia Pacific Road Freight Transport Market
The Less-Than-Truck-Load (LTL transport) segment is experiencing rapid growth in the Asia Pacific road freight transport market, with a projected growth rate of approximately 7% during 2024-2029. This growth is primarily driven by the expanding e-commerce sector and increasing demand from small to medium enterprises. In Thailand, companies like Asia Pallet Express are actively working to improve logistics efficiency by reducing carbon footprints in the LTL segment and building connected truck transport networks across ASEAN countries. The Japanese trucking industry has seen significant LTL demand due to strong e-commerce performance and growth in manufacturing and automotive industries. Major players in the LTL segment, including PACK & SEND, Coastal Transport Services, UFS Transport, Railer, and GEODIS, are expanding their operations to meet the growing demand, particularly in countries like Australia where the retail segment remains a significant end-user with over 130,000 retail trade businesses requiring regular LTL services.
Segment Analysis: Containerization
Non-Containerized Segment in Asia Pacific Road Freight Transport Market
The non-containerized segment dominates the Asia Pacific road freight transport market, accounting for approximately 86% of the total market value in 2024. This significant market share is driven by the robust growth in e-commerce deliveries, manufacturing goods transportation, and bulk cargo movement across the region. The segment's dominance is particularly evident in countries like Japan, where over 90% of truck carriers are small and medium-sized enterprises focusing on non-containerized freight. In China, the segment has been further strengthened by the country's shift toward vehicle electrification, with around 36,000 electric trucks being deployed primarily for non-containerized cargo delivery. The Australian market also shows strong preference for non-containerized transport, especially in urban freight movement, which is expected to grow by nearly 60% over the next two decades.
Containerized Segment in Asia Pacific Road Freight Transport Market
The containerized segment is emerging as the fastest-growing segment in the Asia Pacific road freight transport market, projected to grow at approximately 6% between 2024 and 2029. This growth is primarily driven by increasing international trade volumes and the expansion of port-to-inland transportation networks across the region. Japan's strategic initiatives in this segment are particularly noteworthy, with Japanese freight companies launching two of the world's first fully autonomous container ships and developing integrated containerized transport solutions. The segment is also benefiting from Australia's robust container shipping infrastructure, with the country's five international container ports handling significant volumes of containerized cargo. China's continued investment in containerized transport infrastructure and the rising demand for specialized container transport solutions for industries like oil and gas are further accelerating the segment's growth.
Segment Analysis: Distance
Long Haul Segment in Asia Pacific Road Freight Transport Market
The long haul segment dominates the Asia Pacific road freight transport market, accounting for approximately 75% of the total market value in 2024. This significant market share is driven by extensive cross-country transportation networks and increasing trade activities across the region. China's ambitious plan to expand its expressways to 130,000 kilometers by 2027 is expected to further strengthen this segment's position. The segment is also experiencing robust growth, projected to grow at around 6% annually through 2029, supported by increasing investments in infrastructure development and modernization of transportation networks. The Australian government's commitment to invest USD 79.58 billion in land transport infrastructure and India's focus on spending over 1.7% of its GDP on transport infrastructure are key factors driving this growth. Additionally, the adoption of autonomous trucking technology, as evidenced by successful trials by companies like TuSimple in China, is expected to enhance the efficiency and reliability of long-haul transportation services.
Remaining Segments in Distance
The short haul segment plays a crucial role in the Asia Pacific road freight transport market, particularly in supporting last-mile delivery services and urban logistics operations. This segment is experiencing significant transformation with the increasing adoption of electric vehicles for urban deliveries, particularly in countries like Japan where companies are investing in electric trucks for short-distance transportation. The segment is particularly vital in supporting the growing e-commerce industry and retail sector across major cities in the region. The introduction of advanced light-duty trucks designed specifically for short-haul operations, coupled with the implementation of smart logistics solutions, is helping improve the efficiency of urban freight movement. Additionally, the segment is seeing increased focus on sustainable transportation solutions, with many companies adopting electric and hybrid vehicles for short-distance deliveries to reduce environmental impact and comply with urban emission regulations.
Segment Analysis: Goods Configuration
Solid Goods Segment in Asia Pacific Road Freight Transport Market
The solid goods segment continues to dominate the Asia Pacific road freight transport market, accounting for approximately 69% of the total market value in 2024. This significant market share is driven by various industries including manufacturing, electronics, and automotive sectors. In China, the manufacturing sector's strong performance, particularly in electric vehicle production, has substantially contributed to solid goods transportation demand. The segment's prominence is further reinforced by increasing investments in road infrastructure across major economies like India, China, and Australia, facilitating efficient transportation of solid goods. Various companies in the region have been taking initiatives to reduce fuel costs associated with solid goods transportation, with major players like Amazon, Danfoss India, and DHL Group collaborating under the ZEV-EMI and Government of India's E-FAST initiative to advance the electrification of the truck market.
Fluid Goods Segment in Asia Pacific Road Freight Transport Market
The fluid goods segment is emerging as the fastest-growing segment in the Asia Pacific road freight transport market, expected to grow at approximately 7% during 2024-2029. This growth is primarily driven by increasing demand from the oil and gas sector, particularly in emerging economies. The segment is witnessing significant technological advancements, with many companies introducing LNG operating fleets across the region. For instance, GreenLine's initiative to add 1,500 liquefied natural gas trucks to its fleet demonstrates the growing emphasis on sustainable fluid goods transportation. The Japanese government's allocation of JPY 220 billion for hydrogen production efforts in Australia further indicates the region's commitment to developing alternative fluid transport solutions. The segment is also benefiting from increasing investments in specialized transportation infrastructure and the adoption of advanced safety measures for hazardous liquid cargo transportation.
Segment Analysis: Temperature Control
Non-Temperature Controlled Segment in Asia Pacific Road Freight Transport Market
The non-temperature controlled segment dominates the Asia Pacific road freight transport market, commanding approximately 94% of the total market value in 2024. This substantial market share is primarily driven by the robust growth in e-commerce, mining products, and manufacturing-related commodities transportation across the region. The manufacturing industry, particularly in China, has significantly contributed to this segment's dominance, with automotive production reaching notable volumes and electric vehicle output showing remarkable growth. The segment's strength is further reinforced by rapid digitalization and increased consumer spending on e-commerce services, particularly in major markets like China and Japan. The expansion of domestic consumption and production activities across various industries, including construction, electronics, and general merchandise, continues to fuel the demand for non-temperature controlled transportation services.
Temperature Controlled Segment in Asia Pacific Road Freight Transport Market
The temperature-controlled segment is emerging as the fastest-growing segment in the Asia Pacific road freight transport market, projected to grow at approximately 7% during 2024-2029. This growth is primarily driven by the increasing global trade of perishable goods, rising consumer demand for fresh and frozen products, and the expansion of the pharmaceutical industry across the region. Japan's position as one of the largest pharmaceutical markets globally, particularly due to its aging population, continues to drive significant demand for temperature-controlled transportation. The segment is witnessing substantial investments in cold chain infrastructure across various Asia Pacific countries, with Australia's food and beverage sector playing a crucial role as it accounts for over 25% of global exports. The increasing focus on maintaining product quality and safety during transit, coupled with stringent regulations for pharmaceutical and food transportation, is further accelerating the adoption of temperature-controlled freight services.
Asia Pacific Road Freight Transport Market Geography Segment Analysis
Road Freight Transport Market in China
China dominates the Asia Pacific road freight transport landscape, commanding approximately 35% of the market share in 2024. The country's robust manufacturing sector and extensive logistics infrastructure continue to drive market growth. The Chinese government's commitment to expanding its expressway network to 130,000 kilometers by 2027 demonstrates its focus on strengthening transportation infrastructure. The adoption of electric vehicles in the trucking sector has been remarkable, with China accounting for 91% of global electric truck sales. The national government's encouragement of battery-swapping technology since 2020 has led to significant progress, with 49.5% of electric trucks sold in China being swap-capable. The country's strategic position in global trade, particularly through the Belt and Road Initiative, has further enhanced its role in regional freight movement. Additionally, the development of autonomous trucking capabilities, exemplified by successful trials by companies like TuSimple, showcases China's commitment to innovative transportation solutions.
Road Freight Transport Market in India
India's road transport market size is poised for exceptional growth, with projections indicating approximately 9% growth annually from 2024 to 2029. The country's commitment to infrastructure development is evident through significant investments, with over 1.7% of GDP allocated to transport infrastructure twice the expenditure of the Americas and Europe. The market is undergoing a significant transformation with the introduction of electric vehicles in the trucking sector. The government's push toward cleaner transportation solutions is reflected in initiatives like the country's first Made in India electric truck unveiled in Gujarat. The digitalization of trucking operations, though currently at a nascent stage, presents enormous potential for efficiency improvements. The inter-city road logistics sector has shown remarkable resilience, with the on-demand/spot market accounting for 63% of total spending. The government's focus on developing multimodal logistics parks and implementing advanced technologies for supply chain optimization further strengthens India's position in the regional freight market.
Road Freight Transport Market in Japan
Japan's road freight transport market demonstrates remarkable efficiency, with approximately 90% of the country's freight transported by road. The market is characterized by a unique structure where over 90% of truck carriers are small and medium-sized enterprises, creating a diverse and competitive environment. The country's innovative approach to addressing industry challenges is evident in its plans to introduce a dedicated self-driving lane on select segments of the New Tomei Expressway by 2024, facilitating the commercial deployment of SAE Level 4 fully autonomous trucks by 2026. The Japanese government's commitment to sustainability is reflected in the increasing adoption of electric vehicles for freight transport, with companies like SBS Holdings and Sagawa Express leading the transition to electric trucks. The market's evolution is further supported by the strong performance of the e-commerce industry and the growth of manufacturing and automotive sectors, despite having lower growth rates compared to other regional markets. This highlights the dynamic nature of the Japanese road freight transport market.
Road Freight Transport Market in Indonesia
Indonesia's strategic geographical position and extensive coastline of 4,675 kilometers significantly influence its road freight transport dynamics. The country's logistics infrastructure is anchored by major ports including Port Klang, Johor Port, and Port of Tanjung Pelepas, which facilitate efficient intermodal freight movement. The government's commitment to sustainable transportation is evident through initiatives promoting electric vehicles in the logistics sector, with companies like DHL Express deploying electric vehicles for last-mile delivery. The market has witnessed significant developments in infrastructure, including the construction of the Cat Lai Bridge connecting Ho Chi Minh City with the Nhon Trach district. The high operational costs driven by geography, trip length, congestion, and imbalance of freight movement present both challenges and opportunities for optimization. The courier segment's innovation in delivery networks, particularly in sustainable solutions, demonstrates the market's evolution toward more efficient and environmentally conscious operations.
Road Freight Transport Market in Other Countries
The road freight transport market in other Asia Pacific countries exhibits diverse characteristics shaped by local economic conditions and infrastructure development. Countries like Vietnam, Thailand, and Malaysia are experiencing significant transformation in their freight transport sectors, driven by increasing cross-border trade and regional integration. Australia's market is characterized by its focus on sustainable practices and infrastructure development, while South Korea leverages its technological advantages in freight operations. The emergence of digital platforms and e-commerce has catalyzed growth across these markets, particularly in Singapore, Taiwan, and the Philippines. These countries are increasingly adopting innovative solutions such as autonomous vehicles, electric trucks, and advanced logistics management systems. The development of cross-border transportation networks and implementation of regional trade agreements continue to shape the evolution of land transport in these markets, creating a more interconnected and efficient regional logistics ecosystem.
Asia Pacific Road Freight Transport Industry Overview
Top Companies in Asia Pacific Road Freight Transport Market
The market features prominent players like Nippon Express Holdings, CMA CGM Group, Kintetsu Group, A.P. Moller-Maersk, and Expeditors International leading the competitive landscape. Companies are increasingly focusing on technological innovation through initiatives like digital platforms, autonomous vehicles, and smart logistics services solutions to enhance operational efficiency. Strategic expansion moves include establishing new warehouses, logistics centers, and cross-border transportation networks to strengthen regional presence. Operational agility is being achieved through fleet modernization, adoption of alternative fuel vehicles, and development of specialized transportation solutions for different industries. Companies are also pursuing strategic partnerships and acquisitions to expand their service portfolios, particularly in emerging markets and specialized segments like e-commerce logistics and cold chain transportation.
Market Dominated by Global Logistics Giants
The Asia Pacific road freight market exhibits a moderately fragmented structure with a mix of global logistics conglomerates and regional specialists. Global players leverage their extensive networks, technological capabilities, and integrated service offerings to maintain market leadership, while regional players compete through local market expertise and specialized service offerings. The market has witnessed significant consolidation through mergers and acquisitions, particularly in emerging markets like India and Southeast Asia, as companies seek to expand their geographical footprint and service capabilities.
The competitive dynamics are characterized by increasing collaboration between global and local players to enhance service coverage and operational efficiency. Major logistics conglomerates are establishing strategic partnerships with local transportation companies to strengthen last-mile delivery capabilities and gain access to regional markets. The market also sees the emergence of technology-driven logistics startups challenging traditional players through innovative business models and digital solutions, leading to increased competition and service differentiation.
Innovation and Sustainability Drive Future Success
Success in the market increasingly depends on companies' ability to embrace technological innovation, sustainable practices, and customer-centric solutions. Incumbents must focus on developing integrated freight logistics solutions, investing in digital transformation, and expanding their sustainable transportation fleet to maintain market leadership. Building strong relationships with e-commerce platforms, manufacturing industries, and retail sectors while offering value-added services like real-time tracking, warehouse management, and customs clearance will be crucial for market growth.
For contenders looking to gain market share, focusing on niche segments, developing specialized expertise in high-growth industries, and leveraging technology for operational efficiency will be essential. Companies must also navigate evolving regulatory landscapes, particularly regarding environmental regulations and cross-border transportation requirements. The increasing focus on sustainability and carbon emission reduction presents both challenges and opportunities, with companies needing to invest in green technologies and eco-friendly transportation solutions to remain competitive and meet changing customer preferences. The role of commercial trucking in achieving these goals cannot be understated, as it forms the backbone of domestic road freight operations.
Asia Pacific Road Freight Transport Market Leaders
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A.P. Moller - Maersk
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CMA CGM Group (including CEVA Logistics)
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Expeditors International of Washington, Inc.
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Kintetsu Group Holdings Co., Ltd.
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Nippon Express Holdings.
- *Disclaimer: Major Players sorted in no particular order
Asia Pacific Road Freight Transport Market News
- August 2024: CEVA Logistics and Bolloré Logistics started to operate under one unified brand, CEVA Logistics, to offer air, ocean, ground, and rail transport, contract logistics, finished vehicle logistics, project logistics, and customs solutions. Already underway, CEVA is expected to complete the rebranding process by the end of 2024. CEVA Logistics gained significant scale and industry experience, particularly in air and ocean freight management, due to the addition of Bolloré Logistics. In addition, CEVA combined its Air and Ocean operations in order to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.
- July 2024: DHL Express introduced a range of digital tools aimed at empowering small and medium enterprises (SMEs) to broaden their global reach and enhance their international trade and shipping endeavors. These tools were designed to assist resource-limited SMEs in efficiently navigating cross-border shipping logistics, facilitating smoother import and export activities from diverse sources and locations. Among the suite of digital solutions crafted by DHL Express were My Global Trade Services (myGTS), DHL Express Commerce, Track & Trace, DHL Pass, and On Demand Delivery. In addition to digital tools, DHL Express also introduced the GoTrade program, which supports small businesses in trading their goods internationally.
- July 2024: DHL Global Forwarding reaffirmed its role as the Official Logistics Partner for the Shell Eco-marathon, covering both the Asia Pacific and Middle East competitions. DHL Global Forwarding Indonesia contributed more than USD 335,000, offering logistics services and consultancy to the student teams participating in the event. In its capacity as the Official Logistics Partner, DHL Global Forwarding Indonesia delivered comprehensive logistics solutions, including multi-modal freight services. These services encompassed the transportation of event equipment, race cars, and essential gear for the student teams, which notably included batteries, chemicals, and other hazardous materials.
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Asia Pacific Road Freight Transport 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
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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
- 4.6 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)
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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
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5.2 Destination
- 5.2.1 Domestic
- 5.2.2 International
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5.3 Truckload Specification
- 5.3.1 Full-Truck-Load (FTL)
- 5.3.2 Less than-Truck-Load (LTL)
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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
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5.7 Temperature Control
- 5.7.1 Non-Temperature Controlled
- 5.7.2 Temperature Controlled
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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
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6.4 Company Profiles
- 6.4.1 A.P. Moller - Maersk
- 6.4.2 C.H. Robinson
- 6.4.3 CMA CGM Group (including CEVA Logistics)
- 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
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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, ASIA PACIFIC, 2010 - 2023
- Figure 10:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, ASIA PACIFIC, 2022
- Figure 11:
- SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, ASIA PACIFIC, 2022
- Figure 12:
- VALUE OF EXPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 13:
- VALUE OF IMPORTS, USD, ASIA PACIFIC, 2017 - 2022
- Figure 14:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, ASIA PACIFIC, 2017 - 2022
- Figure 15:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, ASIA PACIFIC, 2022
- Figure 16:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, ASIA PACIFIC, 2022
- Figure 17:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, ASIA PACIFIC, 2022
- Figure 18:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, ASIA PACIFIC, 2017 - 2030
- Figure 19:
- PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, ASIA PACIFIC, 2017 - 2022
- Figure 20:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, ASIA PACIFIC, 2022
- Figure 21:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, ASIA PACIFIC, 2022
- Figure 22:
- WHOLESALE PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 23:
- CONSUMER PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 24:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 25:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 26:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 27:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, ASIA PACIFIC, 2017 - 2030
- Figure 28:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 29:
- VOLUME OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 30:
- VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 31:
- VALUE SHARE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 32:
- VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 33:
- VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 34:
- VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 35:
- VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 36:
- VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 37:
- VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 38:
- VOLUME OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 39:
- VALUE OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 40:
- VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 41:
- VOLUME OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 42:
- VALUE OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 43:
- VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 44:
- VOLUME OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 45:
- VALUE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 46:
- VALUE SHARE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2022 VS 2030
- Figure 47:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 48:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 49:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 50:
- VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 51:
- VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 52:
- VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 VS 2030
- Figure 53:
- VOLUME OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, TON-KM, ASIA PACIFIC, 2017 - 2030
- Figure 54:
- VALUE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 55:
- VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, ASIA PACIFIC, 2022 VS 2030
- Figure 56:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 57:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 58:
- VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 59:
- CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 60:
- VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 61:
- CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 62:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 63:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 64:
- VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 65:
- CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 66:
- VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 67:
- CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 68:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, ASIA PACIFIC, 2017 - 2030
- Figure 69:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, ASIA PACIFIC, 2017 - 2030
- Figure 70:
- VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 71:
- CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 72:
- VALUE OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 73:
- CAGR OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 74:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, ASIA PACIFIC, 2017 - 2030
- Figure 75:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, ASIA PACIFIC, 2017 - 2030
- Figure 76:
- VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 77:
- CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 78:
- VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 79:
- CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 80:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, ASIA PACIFIC, 2017 - 2030
- Figure 81:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, ASIA PACIFIC, 2017 - 2030
- Figure 82:
- VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 83:
- CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 84:
- VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, ASIA PACIFIC, 2017 - 2030
- Figure 85:
- CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, ASIA PACIFIC, 2017 - 2030
- Figure 86:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, USD, ASIA PACIFIC, 2017 - 2030
- Figure 87:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 88:
- VALUE OF AUSTRALIA ROAD FREIGHT TRANSPORT MARKET, USD, AUSTRALIA, 2017 - 2030
- Figure 89:
- CAGR OF AUSTRALIA ROAD FREIGHT TRANSPORT MARKET, %, AUSTRALIA, 2017 - 2030
- Figure 90:
- VALUE OF CHINA ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
- Figure 91:
- CAGR OF CHINA ROAD FREIGHT TRANSPORT MARKET, %, CHINA, 2017 - 2030
- Figure 92:
- VALUE OF INDIA ROAD FREIGHT TRANSPORT MARKET, USD, INDIA, 2017 - 2030
- Figure 93:
- CAGR OF INDIA ROAD FREIGHT TRANSPORT MARKET, %, INDIA, 2017 - 2030
- Figure 94:
- VALUE OF INDONESIA ROAD FREIGHT TRANSPORT MARKET, USD, INDONESIA, 2017 - 2030
- Figure 95:
- CAGR OF INDONESIA ROAD FREIGHT TRANSPORT MARKET, %, INDONESIA, 2017 - 2030
- Figure 96:
- VALUE OF JAPAN ROAD FREIGHT TRANSPORT MARKET, USD, JAPAN, 2017 - 2030
- Figure 97:
- CAGR OF JAPAN ROAD FREIGHT TRANSPORT MARKET, %, JAPAN, 2017 - 2030
- Figure 98:
- VALUE OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET, USD, MALAYSIA, 2017 - 2030
- Figure 99:
- CAGR OF MALAYSIA ROAD FREIGHT TRANSPORT MARKET, %, MALAYSIA, 2017 - 2030
- Figure 100:
- VALUE OF THAILAND ROAD FREIGHT TRANSPORT MARKET, USD, THAILAND, 2017 - 2030
- Figure 101:
- CAGR OF THAILAND ROAD FREIGHT TRANSPORT MARKET, %, THAILAND, 2017 - 2030
- Figure 102:
- VALUE OF VIETNAM ROAD FREIGHT TRANSPORT MARKET, USD, VIETNAM, 2017 - 2030
- Figure 103:
- CAGR OF VIETNAM ROAD FREIGHT TRANSPORT MARKET, %, VIETNAM, 2017 - 2030
- Figure 104:
- VALUE OF REST OF ASIA PACIFIC ROAD FREIGHT TRANSPORT MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 105:
- CAGR OF REST OF ASIA PACIFIC ROAD FREIGHT TRANSPORT MARKET, %, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 106:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 107:
- MOST ADOPTED STRATEGIES, COUNT, ASIA PACIFIC, 2017 - 2023
- Figure 108:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA PACIFIC
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.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 |
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 |
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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. |
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