The Australian road freight market has shown consistent growth from 2013 to 2019, with moderate annual increases. A significant drop occurred in 2020, likely due to the COVID-19 pandemic. However, the market rebounded quickly in 2021, continuing to grow through 2023. In 2023, the market stood at 241.9 billion tonne-kilometers, with a year-on-year variation of 1.51% and a 5-year CAGR of 1.62%.
Future trends indicate a steady growth rate with a forecasted 5-year CAGR of 1.19%, reaching 260.01 billion tonne-kilometers by 2028. Key factors to watch include technological advancements in logistics, sustainability efforts, and infrastructure investments to support freight efficiency.
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