Forecast: Road Freight Carried by Light Commercial Vehicles in Australia

The road freight carried by light commercial vehicles in Australia showed a consistent increase from 2013 to 2019, indicating a stable growth with variations ranging between 2.17% and 1.92% year-on-year. A significant dip occurred in 2020 with a dramatic reduction of 15.43% due to the impact of the COVID-19 pandemic. This was followed by a strong recovery in 2021 with a 16.58% increase. As of 2023, the volume stood at 5.6 billion tonne kilometers, with a steady rise projected for the subsequent years through to 2028. The last five years showed a CAGR of 1.49%, indicating moderate average annual growth. Future trends to watch for:

• Innovations in green logistics and sustainable transportation methods.

• Enhancements in vehicle technology and efficiency.

• Impacts of economic shifts and trade policies on freight demand.