The share of road freight transport in China's total inland freight transport is projected to increase steadily from 2024 through 2028. In 2023, the share stood at approximately 46%, and forecasts suggest an incremental rise to 47.14% by 2028. This indicates a consistent year-on-year growth of approximately 0.25 to 0.29 percentage points annually. The compound annual growth rate (CAGR) over this five-year period is modest but reflects a steady upward trend.
Future trends to watch for:
- Increased investment in road infrastructure could further boost the share of road freight.
- China's expanding e-commerce market might drive more demand for efficient road freight solutions.
- Environmental regulations and sustainability initiatives could influence the balance between road and other freight modes.