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:-
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