Industry Analysis & Industry Trends
The Road Freight Transport industry dominates the Australian non-bulk freight market, leveraging advantages in price, speed, convenience and reliability. The industry's largest vehicles transport goods between and across states, competing successfully with the rail freight, water freight and airfreight industries. Within cities, light commercial vehicles are the dominant form of transport for the ‘last mile' of delivery. The industry's major markets are diversified across the entire economy and demand for road freight transport services is a lead indicator for changes in economic growth. Businesses hold less stock prior to an economic downturn, and for a period afterwards, which reduces demand for the transport of goods... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 3.9% over the 10 years through 2019-20. This is a higher rate than GDP growth in Australia over the same period, which is projected to rise at a compound annual rate of 2.7%. This means that the Road Freight Transport industry is growing as a share of the overall economy. However, since the industry's services are well-established, technological change is low and the industry is undergoing consolidation, the Road Freight Transport industry is in the mature stage of its economic life cycle.
No significant new products have been launched onto the market since the introduction of B-double trailers in the early 1990s... purchase to read more