Road Freight Transport in Australia - Industry Market Research Report
Description
Road Freight Transport in Australia
A growing domestic freight task and flourishing international merchandise trade have driven industry revenue to rise at an annualised 4.0% over the five years through the end of 2022-23, to an estimated $66.1 billion. However, poor economic conditions and pandemic-related supply chain disruptions led to revenue contracting in 2020-21. Over the past two years, skyrocketing fuel costs have caused prices for road freight to swell, reducing demand in favour of rail freight, particularly for bulk freight transport. Nonetheless, non-bulk road freight services are largely price inelastic, so growth in the road freight service price has pushed up revenue. Growing fuel costs are set to lift industry revenue by an estimated 1.6% in 2022-23.
Industry operators primarily transport freight by road. The industry also includes towing services and road delivery services, excluding couriers. Mining, retail and construction firms that use in-house fleet vehicles are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
A growing domestic freight task and flourishing international merchandise trade have driven industry revenue to rise at an annualised 4.0% over the five years through the end of 2022-23, to an estimated $66.1 billion. However, poor economic conditions and pandemic-related supply chain disruptions led to revenue contracting in 2020-21. Over the past two years, skyrocketing fuel costs have caused prices for road freight to swell, reducing demand in favour of rail freight, particularly for bulk freight transport. Nonetheless, non-bulk road freight services are largely price inelastic, so growth in the road freight service price has pushed up revenue. Growing fuel costs are set to lift industry revenue by an estimated 1.6% in 2022-23.
Industry operators primarily transport freight by road. The industry also includes towing services and road delivery services, excluding couriers. Mining, retail and construction firms that use in-house fleet vehicles are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
43 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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