New Zealand Freight And Logistics Market Size (2024 - 2029)

New Zealand Freight And Logistics Market Analysis

The New Zealand Freight And Logistics Market size is estimated at USD 17.71 billion in 2024, and is expected to reach USD 20.75 billion by 2029, at a CAGR of 3.21% during the forecast period (2024-2029).

• In the Waikato region, vital transport corridors like State Highway 1 and the main trunk rail line underscore the significance of the Freight and Logistics sector as a key economic driver. In New Zealand, road freight leads the way, constituting nearly 70% of freight movement by ton-kilometre and surpassing 90% by volume. While rail may be on a smaller scale, it plays a crucial role in connecting major cities such as Auckland, Tauranga, and Hamilton.
• Looking forward, projections indicate that over 90% of freight will continue to be road-based. The Golden Triangle region, encompassing Auckland, Tauranga, and Hamilton, is set to manage 42% of the nation's total freight. This demand surge over the next 25 years is attributed to population growth and economic expansion. Between 2020 and 2030, freight volumes in the Waikato and Bay of Plenty regions could witness a rise of 47% to 65%, underscoring the urgent need for enhanced logistics infrastructure and workforce development.
• In Waikato, the sector boasts a workforce of over 7,000, with a pronounced demand for skilled positions such as truck drivers and logistics planners. The workforce leans male and is predominantly low-skilled, increasingly leaning on migrant labor, especially in postal and courier services. Yet, challenges loom with intensifying workforce shortages in truck driving and logistics. In response, there's a concerted effort to expand training programs and higher education avenues.
• A pivotal initiative, the Freight Action Plan for the Golden Triangle, underscores the urgency to bolster network capacity, tackle skills shortages, and adopt emerging technologies like hydrogen. While the sector stands on the brink of growth, it grapples with challenges in workforce attraction and infrastructure expansion.

New Zealand Freight And Logistics Industry Segmentation

Freight and logistics refer to the transportation of goods in the domestic and international markets via various modes of transportation, including air, rail, and roadways. 

The report includes a complete background analysis of the New Zealand freight and logistics market, including an assessment of the economy and the contribution of sectors to the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends. 

The New Zealand Freight and Logistics Market is segmented by function (freight transport [air, shipping, and inland water, road, and rail], freight forwarding, warehousing, and value-added services and other functions) and end-user (manufacturing and automotive, oil and gas, mining, and quarrying, agriculture, fishing, and forestry, construction, distributive trade [wholesale and retail], and other end users [telecommunication, pharmaceuticals, and F&B]). 

The report offers market size and forecasts for the New Zealand freight and logistics market in terms of value (USD) for all the above segments.