Moving Forward: Revenue is Set to Recover as Freight Volumes Grow, Despite Fierce Competition
The value of the Road Freight Forwarding industry's consolidation service has diminished in recent years, putting downwards pressure on road freight forwarders' revenue and profitability. Industry revenue has been declining at an average annualised 0.4% over the past five years and is expected to total $4.1 billion in 2022-23, when revenue falls by an estimated 1.3%. Rising international trade volumes have lifted the domestic freight task and bolstered demand for road freight forwarding services, limiting the decline in industry revenue.
Road freight forwarders primarily organise transport services and consolidate goods for transport. Consolidating loads allows road freight forwarders to achieve and pass on rates otherwise unachievable for their customers. Road freight forwarders do not provide underlying transport services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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