Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $3.8bn in 2024.
Trends and Insights
Industry revenue is creeping upwards, while profitability is waning
- Refrigerated trucking firms have benefited from above-average rainfall over the past few years, leading to more robust agricultural output. Higher volumes of fruits, vegetables and other perishable goods have fuelled the need for efficient and reliable refrigerated transport.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Population growth and rising health consciousness are set to drive downstream demand
- Lingering pricing pressures are forecast to continue affecting the industry, but will likely ease as inflation and elevated interest rates subside. As economic conditions stabilise, trucking firms will likely experience a slight easing in cost pressures, allowing them to better manage operating expenses and improve profit margins.
Biggest companies in the Local Refrigerated Trucking in Australia
There are no companies that hold a large enough market share in the Local Refrigerated Trucking in Australia industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Intrastate Services and Urban services. Intrastate Services is the largest segment of the Local Refrigerated Trucking in Australia.
Trends and Insights
Intrastate services are susceptible to shifts in harvest volumes
- Intrastate refrigerated trucking providers offer services within a state or territory, excluding transport within capital cities but including routes between capital cities and regional areas.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The industry moves products ranging from meat and poultry to pharmaceuticals and cosmetics, among other goods that require a climate-controlled environment. Goods are typically transported from manufacturers to wholesalers and retailers throughout the country.
What's included in this industry?
Intrastate servicesUrban servicesCompanies
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Related Terms
COLD CHAINREEFER FUEL SURCHARGEIndustry Code
ANZSIC 4610 - Local Refrigerated Trucking in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Skyrocketing fuel prices are squeezing profit margins. Even so, some of these cost hikes are being passed on through rising service prices, which is supporting revenue.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Factors that influence volatility in the industry
- Key success factors for businesses to overcome volatility
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Above-average rainfall has boosted agricultural output in recent years, lifting demand for intrastate services. However, rapid growth in urban services has outpaced demand fo...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Limited viable substitutes exist for refrigerated trucking services. Rail transport and air freight can serve similar functions but are often costlier or offer less flexibili...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The National Heavy Vehicle Regulator enforces the Heavy Vehicle National Law, which was implemented in 2014. This law, applicable nationwide except in Western Australia and t...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structures tend to vary among local refrigerated trucking firms depending on their operations' size and location and how they price their services. The presence of many ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
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What is the market size of the Local Refrigerated Trucking industry in Australia in 2024?
The market size of the Local Refrigerated Trucking industry in Australia is $3.8bn in 2024.
How many businesses are there in the Local Refrigerated Trucking in Australia industry in 2024?
There are 3,538 businesses in the Local Refrigerated Trucking industry in Australia, which has declined at a CAGR of 0.5 % between 2019 and 2024.
Has the Local Refrigerated Trucking industry in Australia grown or declined over the past 5 years?
The market size of the Local Refrigerated Trucking industry in Australia has been growing at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Local Refrigerated Trucking industry in Australia over the next 5 years?
Over the next five years, the Local Refrigerated Trucking industry in Australia is expected to grow.
What does the Local Refrigerated Trucking in Australia include?
Intrastate services and Urban services are part of the Local Refrigerated Trucking industry.
How competitive is the Local Refrigerated Trucking industry in Australia?
The level of competition is high and increasing in the Local Refrigerated Trucking industry in Australia.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Rail Freight Transport in Australia
- Rail, Air and Sea Freight Forwarding in Australia
Complementors
- Procurement and Supply Chain Consultants in Australia
- Integrated Logistics in Australia
- Truck Repair in Australia
International industries
- Local Freight Trucking in the US
- Local Specialized Freight Trucking in the US
- Local Refrigerated Trucking in the US
- Road Freight Transport in New Zealand
- Freight Road Transport in the UK
View all industries in Australia
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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