Market Size of asean cross border road freight transport Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
|
CAGR | 5.10 % |
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Largest Share by End User | Manufacturing |
|
Largest Share by Country | Indonesia |
|
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
ASEAN Cross Border Road Freight Transport Market Analysis
The ASEAN Cross Border Road Freight Transport Market is projected to register a CAGR of 5.10%
- Fastest Growing Segment by End User - Construction : The construction sector has been growing at the fastest rate, as this sector is prominent in Asia-Pacific's growth and accounts for 5% of the region's GDP.
- Largest Segment by End User - Manufacturing : The manufacturing end-user segment is the largest segment in ASEAN region, as it includes a variety of industries stimulating the market's growth. The sector contributed around 7% to GDP of the economies of countries in the region.
- Fastest Growing Segment by Country - Vietnam : Vietnam is the fastest-growing economy in the market, supported by rising SMEs and small businesses fueling the cross-border market.
- Largest Segment by Country - Indonesia : Indonesia is the largest country in the Asia-Pacific market owing to its higher contribution in terms of GDP in the region.
