APAC ROAD FREIGHT TRANSPORT MARKET - GROWTH, TRENDS AND FORECASTS (2023-2028)
The APAC road freight transport market focuses on the region’s trucking industry. Road freight is the movement of commodities by motor vehicles via a network of roads from one site to another (a place of loading and a place of unloading). The report also covers the economic overview of the country along with the market segmented by end users, distance, truckload, destination, temperature and countries.
Total Number of Companies in APAC: xx
Number in Transportation and Warehousing: xx
Market Size of the Road Transport Industry in APAC: USD xx billion (2021)
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Brief on the APAC Road Freight Transport Market
The APAC Road Freight Transport Market is estimated to grow with a compounded annual growth rate of about 6.2% during the forecasted period of 2023-2028.
Before the COVID-19 epidemic, the APAC road freight transport market was already changing due to developments including urbanization, ageing populations, new working habits, climate change, shared economy, and digital transformation. A more sustainable and resilient future has also been outlined in international frameworks like the United Nations Sustainable Development Goals (UN SDGs). Some of these patterns have been stronger because of COVID-19.
The APAC region exhibits some patterns. Among these are deteriorating infrastructure, a lack of institutional strength, sluggish integration of transportation networks, and problems with asset maintenance. Other patterns are more regionally focused, such as countries in Central and West Asia that are involved in conflict or small island developing states, particularly in the Pacific.
Many other societal sectors are supported by and interact with transport, which is here defined as the transportation of things over land, water, and the air. As a result, it is influenced by a wide range of interrelated and occasionally conflicting elements, such as population density, environmental deterioration, changing user behavior, and the incorporation of new technologies.
Topics include land use, supply chains, work habits, leisure preferences, societal well-being, energy, and resources. The diversity of trends and forces is further impacted by global interconnection and cross-regional influences, making the future of transportation particularly challenging in the APAC region.
In 2020, COVID-19 had a substantial effect on the Asia-Pacific infrastructural construction market. Construction is anticipated to increase even though COVID-19 is predicted to impede infrastructure development. Following the impact of COVID-19, the demand for transportation infrastructure development started to grow in 2021 and showing sign of recovery.
The Pacific DMCs’ connectivity infrastructure is being planned, built, and maintained with help from the Asian Development Bank (ADB). Over 59% of the total value of the Pacific portfolio of the ADB comes from transportation projects.
With the ADB’s support for the transportation industry, the Pacific region is experiencing more profitable, steady, and long-term growth.
Value (USD Million)
Length and Location
M6 Motorway Expansion
The expansion of the xx km M6 Motorway in Southern Sydney, New South Wales, Australia.
Q4 2021 – Q4 2025
To improve travel times and reduce traffic congestion.
The construction of a xx km-long expressway between xx to xx in xx, China.
Q4 2021 – Q4 2024
The construction of a xx km road between xx and xx in Malaysia.
Q4 2021 – Q4 2026
The construction of a xx km highway from xx to xx, China.
Q4 2021 – Q3 2025
The construction of the xx km-long xx in China.
Q4 2021 – Q4 2026
Moving forward, a thorough transformation of technology, development methods, and services will be used to create smart road infrastructure. It requires an integrated system with digital platforms, smart applications, ubiquitous connection, and digital perception. To do this, a range of stakeholders must collaborate to innovate and produce the best results.
Additionally, motorways and highways have transitioned into the digital age and will soon become more intelligent. The goal of digitalization is to provide roadway networks cognitive and perceptual capacities. Coordination between commuters, automobiles, and roadways will be made possible by this.
A positive outlook for the market is anticipated during the forecast period because of the expanding government regulations aimed at promoting the adoption of electric vehicles and the aggressive expansion strategies adopted by OEMs and suppliers in the area to meet rising demand from the APAC road freight transport market, especially the Chinese industry.
The Chinese government is promoting the use of electric automobiles. To phase out diesel fuel, which powers the nation’s current generation of tractors and construction machinery, plans have already been developed.
NUMBER OF COMMERCIAL VEHICLES SOLD IN THE ASIA-PACIFIC REGION IN 2021, BY COUNTRY
Number of Commercial Vehicles Sold
The highly fragmented and competitive APAC road freight transportation market is undergoing technological changes with better connectivity. Companies are collaborating to contribute to the infrastructural development to ease the road transportation and aid fast and seamless delivery of goods.
A Memorandum of Understanding (MOU) for the practical application and advancement of smart construction technologies was signed by Hyundai E&C and Korea Expressway Corporation (KEC) in March 2021. On the creation and use of smart construction technology, Hyundai E&C will collaborate closely with the Center for Smart Construction Technology.
Table Of Content
- Market Overview
- Economic Overview of the APAC
- Overview on APAC Road Freight Transport Market
- Inter-modal Share of Freight Transportation in APAC
- Market Dynamics
- Market Drivers
- Value Chain Analysis
- Porter’s Five Forces Analysis
- Spotlight on Infrastructural Development in APAC (Covers Investment on Infrastructure, Length of Roads Paved and Unpaved)
- Government Regulations and Initiatives
- Spotlight on Trade Activities in APAC
- Insights on Factors Affecting the Freight Rates
- Spotlight on Containerization in APAC Transportation Sector
- Market Segmentation for APAC Road Freight Transport Market
- By End-Users
- Agriculture, Fishing and Forestry
- Trade (Wholesale and Retail)
- By Destination
- By Truckload
- Full Truckload (FTL)
- Less Than Truckload (LTL)
- By Distance
- Long Haul
- Short Haul
- By Temperature
- By Country
- Rest of APAC
- By End-Users
- Competitive Landscape
- Market Concentration Overview of APAC Road Freight Transport Market
- Company Profiles
- APL Logistics
- C.H. Robinson
- Nippon Express
- Deutsche Post DHL Group
- Expeditors International
- Company 6
- Company 7
- Company 8
- Company 9
- Company 10
- Outlook and Opportunities in the APAC Road Freight Transport Market
- GDP Distribution and Growth by Economic Activities
- Inflation Statistics
- Contribution of the Transport and Storage Sector to GDP