From 2013 to 2023, Australia's intrastate road freight market showed a steady growth trend, interrupted only by a sharp decline in 2020. The market rebounded strongly in 2021 and continued to grow in subsequent years, reaching a value of 173.03 billion tonne kilometers in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 1.96%, reflecting a moderate but consistent increase. Forecasts from 2024 to 2028 anticipate a stable growth with a projected CAGR of 1.41% and an overall growth rate of 7.27% over this period.

Future trends to watch for include:

Continued investment in road infrastructure to support increased freight volumes.
Technological advancements and the adoption of autonomous and electric vehicles.
Environmental regulations and sustainability measures impacting operational efficiencies.
The potential influence of geopolitical factors on supply chains and freight rates.