Showing posts with label India Road Freight Market Competition. Show all posts
Showing posts with label India Road Freight Market Competition. Show all posts

Thursday, December 30, 2021

Road Freight Market India, Road Freight Industry India, Market Sales, Major Players: Ken Research

 Competitive Scenario in India Road Freight Market

The road transport market is extremely fragmented with more than 70% of India’s overall fleet being held by Small Fleet Operators (SFOs), accounting for a majority of volume of goods transported. Companies are focusing on providing value added services along with trucking. The companies are even shifting towards Asset light Model by not investing in trucks but by subcontracting with small vendors according to client requirements.

The parameters at which the companies are competing are Pricing, Location, fleet size, and Additional services such as kitting, assembling, labeling etc and technological advancements. Many Online demand digital platforms such as Rivigo, TruckOla, Truck suvidha and others are being very Popular and  extensively being used by transporters to resolve the problem of empty returns. Major Companies are All cargo, Mahindra logistics, Vtrans, Varuna Logistics and many more.

India Road Freight Future Outlook and Projections

India Road Freight Market is expected to rise at a CAGR of ~% during FY19- FY24F and is expected to rise from ~ INR Billion in FY19 to ~ INR Billion in FY24. The Road freight market is expected to increase due to Extensive infrastructural budget in improving Road Network, Popular e commerce platforms, Revision in Government Axle Norms, Scrappage Policy, Cold Chain Subsidies and others. But the Road freight market will be badly affected by COVID 19 due to majority of truckers being Small Fleet operators who are not able to bear Fixed Expenses such as EMI, Insurance, State tax and Permits in spite of no or very less loads on the road during lockdown. Even 20 Lakh Crore package to help MSME’s will not help Trucker as majority are a part of unorganized market by their own will The economy is expected but will revive by FY22.

India Logistics and Warehousing Future Outlook and Projections

India Logistics and Warehousing Market is expected to rise at a CAGR of ~% during FY19-FY24 F. The logistics and warehousing is expected to rise from ~ INR Billion in FY19 to ~ INR Billion in FY24. The Logistics is expected to increase in future with rising e commerce market due to online payment options such as GPay, Paytm, amazon Pay and more.. Dwell times have reduced in JNPT, the largest container port in the country, as well as all the major ports from 82 hours in 2016-17 to 59 hours in 2018-19 and are expected to reduce further. The warehousing Industry will see more consolidations into Big warehouses due to GST regulation and entry of Real estate developers forming JV with Logistics companies. COVID-19 will have a significant impact on logistics sector but is expected to revive back by 2021. Trucking & warehousing aggregators will soon revolutionize the logistics space in India as well with more players using tech platforms.

Key Segments Covered:-

Freight Forwarding Market

By Mode of Transportation

Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)

Sea Freight (Volume, Price/ton/km, Revenue and Inland Coastal Shipping Price/ton/km)

Air Freight (Volume, Price/ton/km and Revenue)

By Road transportation

Less than Truck load (Revenue)

Full truck load (Revenue)

By Type of Fleets (Number of Fleets)

Less Goods Carrier Vehicles

High Goods Carrier Vehicles

Companies Covered:-

GATI-KWE

VRL Logistics

TCI

OM Logistics

DGFC

Varuna

Express Logistics

Aggarwal Packers and Movers

NTC Logistics

FSC

Associated Road Carriers

KerryIndev Logistics

Coastal Roadways

Stellar Value Chain

Sical Logistics

VTrans

CEVA

Anand Roadlines

Southern Cargo

Andhra Bangalore Roadways

DHL

CTC Freight Carriers

Mahindra Logistics

ALL Cargo

TVS

Key Target Audience:-

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Logistics/Warehousing Companies

Time Period Captured in the Report:-

Historical Period – FY14-FY19

Forecast Period – FY20-FY24

For More Information on the research report, refer to below link:-

India Road Freight Market

Related Reports:-

Philippines Road Freight Market Outlook To 2024 – Driven By Government Spending On Road Infrastructure and Technological Advancements

Philippines Logistics And Warehousing Market Outlook To 2024 - By Freight Forwarding (Air, Sea, Land), Domestic And International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture And Others), Express And E-Commerce Logistics, Balikbayan Box, Third Party Logistics

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