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 rail, water and air freight industries. In cities, light commercial vehicles are the dominant form of transport for the final stage of delivery. The industry's major markets span the entire economy, and demand for road freight transport services is a leading indicator for changes in economic growth. Businesses hold less stock prior to and following economic downturns, which reduces demand for transporting goods.
Industry revenue is expected to grow at an annualised 3.0% over the five years through 2016-17, to $41.5 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Road Freight Transport industry displays a low market share concentration, with the four largest players accounting for just over 15% of industry revenue in 2016-17. Concentration varies among markets and product segments according to the type of product hauled, geographic location and the type of equipment used.
While market share concentration is low, market power in the industry is highly concentrated. The major companies have significant market power throughout the supply chain and in infrastructure ownership, despite their relatively low market shares. Bigger companies hold the majority of the larger, more lucrative contracts, increasing their market power... purchase to read more