Rising Cold Transportation, Revision of Government Norms and Increasing Tech Penetration is Facilitating Growth in Road Freight Industry in India: Ken Research

Increased Government Spending: The government under the budget of 2020-2021 has allocated INR 170,000 crore for Transportation which is 8% higher than the budgetary allocation of          2019-2020. The National Infrastructure Pipeline for 2019-2025 pegged the projected capital expenditure for Transportation (covering Roads, Railways, Ports and Airports) at about INR 35.7 lakh crore. Various efforts include Bhratamala Pariyojana and the Sagarmala Project, Bangalore suburban transport project and many more.

High seasonal demand variation: The demand for trucking in India is the highest during Festive Months (Sept, Oct, Nov, and Dec) and harvesting Months (February to April) where the occupancy of trucks can rise by 30-40% along with freight fluctuations of 6-7% in comparison to normal freight rates prevailing in the trucking Industry.

Change in Government Regulations: The government is constantly changing the regulations associated with trucking industry such as Restriction of trucks above age of 15 years to phase out older & polluting vehicles from the country. GST has shifted all manual transactions to digital mode with e way bills and Fastags ensuring more transparency into the system. The government has even revised Axle norms to increase load capacity that have impacted Small fleet operators negatively.

Improving Cold Transportation: India exports huge variety of Fruits and vegetables which require Cold Chain Services which are extensively being used now-a-days in India. Inspite of huge Cold Storage Capacity, the country still lacks in Cold transportation services with only 30k refrigerated containerized trucks available on road. In the past few years many food and meat processing companies such as Hibachi, Tendercuts, Zappfresh and more who require Cold transportation is being catered by many cold transporters such as GATI KWE, DHL Smart trucking,  Snowman, Coldman logistics and more providing Integrated Logistics Solutions and positively impacting Road freight market of the country.

Analysts at Ken Research in their latest publication “India Road Freight Market Outlook to 2024 – Driven by BS VI Norms, revision in Existing Axle Norms by the Government and Technological Advancements” believe that the Road Freight Market in India is expected to grow due to Government spending on Roads, Ports, Inland Coastal Shipping to reduce congestion in metropolitan Cities, increasing E commerce sector, Revised Axle norms that have reduced freight Cost and increased the capacity of trucks in India.

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

Indonesia Logistics and Warehousing Market Outlook to 2023 - Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Food Preferences to Drive Catering Services Market over the Forecast Period: Ken Research

Catering is the business that offers food service at numerous locations such as hotel, park, entertainment site, event venue, pub, aircraft, hospital, cruise ship, and filming site. Catering services largely operated by their own cooks preparing food, or by getting food prepared by outsourced by third party delivery to the client. The catering also refers to services providing the quality food services over various parties, corporate events, and the personal get-togethers. Based on the requirement client’s designs and finalizes upon need of the event, menu to be served during the event. Catering services act as backbone to all events. The catering services are not limited to providing food, ensuring guest welcome, and also ensure guests are catered well and registering their feedbacks.

Majorly there are four types of catering services designed as per key occasions such as wedding catering, corporate catering, concession catering and social event catering. The catering services are also customized for personal catering as well which includes birthday party arrangements, catering for some small yet significant events like house warming and so on. The large scale demand for activities involved in businesses and high-income groups is expected to support and enlarging scope of the catering services industry over upcoming years. Moreover, rise in customer spending in parties and altered operations will further generate profit margin in the forecast period. 

Some of the key players operating in the catering services market are Sodexo, Cushman & Wakefield, WSH, Gate Group, Compass Group PLC, Newrest, ABM Catering Solution, Aramark, Elior Group, DO & CO, and SV Group.

Based on type, catering market can be segmented as contractual catering and non-contractual and based on end-user, market can be segmented into industrial, healthcare, hospitality, in-flight, educational and many others. The online catering is also gaining huge popularity across the globe allowing the consumers to order food from the website. The online platforms have allowed vendors for analyzing customer preferences by using analytics, offering products as per the customer demands. The catering vendors are also partnering with logistics companies to achieve timely delivery of the selected food item, this have led to increase in their operational efficiency.

Increase in health awareness among consumers amid to rise in obesity rise in heart concerns have led to preference for the healthier and wholesome foods served by expert caterers. The poke bowls and superfood are further expected to witness substantial demand for both corporate and celebratory events. Many caterers have started bringing together healthy food items in their menus,

Some of the other key factors driving factors such as innovative marketing activities by vendors, coupled with introduction of new food menus expected to have a significant impact on growth of the catering services market over the forecast period. The Asia Pacific region is the largest catering services market share offering large scale several growth opportunities to all catering services companies over the forecast period. The rise in preference for dining in-office, and followed by hectic lifestyles have led to decline in time spent on cooking is further expected to raise demand may significantly influence the catering services market globally.

For More Information, Click on the Link Below:-

Catering Services Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

India Road Freight Market Outlook to 2024: Ken Research

The report titled “India Road Freight Market Outlook to 2024 – Driven by BS VI Norms, revision in Existing Axle Norms by the Government and Technological Advancements” provides a comprehensive analysis on the status of logistics sector in India. The report covers various aspects including the current logistics scenario in India, its components viz, freight transportation, warehousing, CEP and VAS. The report specially focuses on Road freight market highlighting its issues and challenges, major growth drivers, investment in infrastructure, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the Road freight market including forecasted industry size by Revenue.

India Logistics Market Overview and Size

India Logistics Sector has witnessed a robust CAGR with highest share to freight forwarding Market followed by Warehousing, Courier parcel and Express market and VAS Market. Road freight is the dominant mode with transportation to Domestic Flow corridors and international Neighboring Countries also. Many real estate developers such as Indospace, Logos India, ESR and many more are making constant investments in warehousing market in Gurgaon, Chennai and Mumbai. E commerce sector is becoming extremely popular with introduction of online payments such as Amazon Pay, Paytm, Gpay and new popular delivery apps.

India Road Freight Market Overview and Size

Small fleet owners dominated industry (70% of all fleet) operating at a margin of 8-12% and average transaction days of 12-15 per month.  SFOs primarily operating on Spot bookings while MFOs and LFOs working on LHAs. India Road Freight Market has witnessed an average CAGR during 2014-19 due to revision in BF VI Norms, Scrappage Policy, GST and new axle norms from the Government with rise in Average highway construction of Roads. The developments of  Bhratamala Pariyojana and the Sagarmala projects and the Eastern and Western Dedicated Freight Corridors, Developments of ports along with  Public Private partnership Projects has stimulated the growth in the market. On the front of assessing seasonality fluctuations in demand, Freight rates usually high during festive season in September-December with WAFC being ₹ 2.58/tonnes/km in 2019.

India Road Freight Market Segmentation

Road Freight Market Segmentation by LTL and FTL

The Road freight market is dominated by FTL by revenues and by Volume. The average freight cost charged for LTL is higher than FTL due to additional risk in carrying multiple loads, higher insurance cost and more.

Road Freight Market Segmentation by type of trucks

There are 12 million+ trucks in India, with net additions of over 6 lakh trucks in the market annually and there exist 40+ variants of trucks in the market.The Country is dominated by Light Goods Carrier Vehicles in comparison to High Goods Carrier Vehicles. The ratio of LCGV to HGCV is around 6:5. The LCGVs are expected to remain the dominant category in India Trucking Market.

Competitive Landscape of Major Players Operating in the India Road Frieght Market

The trucking Industry in India are extremely fragmented in nature. The trucking Industry is dominated by local domestic players who have large number of fleets and providing competitive prices. Big Companies such as Mahindra and All Cargo are moving towards Asset Light Model, subcontracting with local transport vendors and provide  Value added services such as Kitting, Assembling, packing and other which are very important in road freight market. Online platforms such as Blackbuck, TruckOla, rivigo and many more are disrupting the logistics space. The major players in the India Road freight market include GATI, VRL logistics, TCI, Om Express, DGFC, Varuna, Express logistics and many more.

India Road Freight Market Future Outlook & Projections:

The Trucking Industry in India will be impacted by COVID in the country and is expected to revive back in 2021 with faster growth rate. The truckers who have bought trucks with 50-100% institutional finance will see a tough time and need to maintain 90% capacity utilisation for upcoming EMIs, Insurance premiums & Permit with same freight cost in spite of high diesel cost.  This is due to disturbed production- consumption cycle with only 30% of trucks operating with cut throat competition for loads. Increasing Demand of e commerce products, growing Reefer trucks, technical innovations such as E vehicles, Fleet Management Software and more are disrupting the competition space.

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

Key Topics Covered in the Report:-

India Logistics and Warehousing Market Introduction

Logistics Infrastructure

Cross Comparison of Logistics Performance in Different Countries (Germany, US, India, Australia, China, Vietnam, Philippines)

India Logistics and Warehousing Market Size

India Logistics and Warehousing Market Segmentation

India Logistics and Warehousing Market Future Outlook

India Logistics And Warehousing Market Future Segmentation

India Freight Market Size

India Freight Market Segmentation

India Freight Market Future Outlook

India Freight Market Future Segmentation

India Trucking Market Size

India Trucking Ecosystem

India Trucking Market Segmentation

India Trucking Market Future Outlook

India Trucking Market Future Segmentation

Innovations in Transportation Market

Investment Model on Road freight transportation

Regulatory Environment

Issues and Challenges

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

Indonesia Logistics and Warehousing Market Outlook to 2023 - Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increasing Trends in Hotel and other Travel Accommodations Global Market Outlook: Ken Research

The hotel and other travel accommodation market comprises of sales of short-term lodging services and correlated goods in conveniences known as hotels, motor hotels, resort hotels, and motels by prominent entities (organizations, sole traders or partnerships) that give the short-term lodging services and related goods in accommodations well-known as hotels, motor hotels, resort hotels, and motels. The institutions in this industry may compromise the food and beverage services, recreational services, conference rooms, convention services, laundry services, parking, and several other services.

According to the report analysis, ‘Hotel And Other Travel Accommodation Global Market Report 2019’ states that in the hotel and other travel accommodation global market there are several companies which recently operating more significantly for leading the highest market growth and registering the handsome value of market share around the globe in the forthcoming future while developing the applications of the services and several deliveries, spreading the awareness related to the benefits, delivering the better consumer satisfaction, decreasing the price linked with the services and deliveries, employing the young workforce and developing the technologies includes Marriott International, Hilton Worldwide, Wyndham Corporation, Hyatt Hotels Corporation, Four Seasons Hotels & Resorts and several others.

The Technological advances are allowing firms to provide the personalized services by acquiring the customer intelligence. Corporates are delivering the customized advancements and compromises by accumulating vivacious information related to the consumers' likes, dislikes and preferences by utilizing the social media and technologies such as mobile software applications that track consumer behavior. The Hotels are now offering modified menus, lighting, and several other services based on consumer information accessible from preceding visits or intelligence congregated from the social media. The Four Seasons Hotel expended USD 18 million to review their website which will distribute the personalized dynamic web pages to impending customers.

Aspects that are predicted to propel the market growth throughout the forecast duration include augment in per capita income in the underdeveloped countries, effective augment in purchasing power of individuals, outpouring in trend to travel in vacation, and dissimilar discounts offered on the online booking. Not only has this, the growth in predilection for the leisure travel, and transformation in the standard of living are the key factors propelling the growth of the premium hotels sector and therefore it is the fastest increasing segment amongst the variety of the hotels.

Advancements in the hospitality are majorly registered by the introductions of the new hotels in high-demand urban areas. The trend of the micro hotels is transmittable up in North America, which functions as a favorable investment selection for the stakeholders in the hotels market. Such micro hotels are progressively meeting the requirements of optimistic travelers for short-stay necessities with high-quality furnishings and amenities.

Based on the region, the market of the hotel and other travel accommodations is spread around the worldwide majorly involves North America, Asia Pacific region, Europe and Rest of the World. Asia Pacific region was the greatest region in the global hotel and other travel accommodation market, dominating for 34% of the market in 2018. North America was the second largest region registering for 28% of the worldwide hotel and other travel accommodation market. Africa was the slightest region in the worldwide hotel and other travel accommodation market. Therefore, in the coming future, the market of hotel and other travel accommodation will increase around the globe more increasingly over the forthcoming futures.

For More Information, Click on the Link Below:-

Global Hotel and Other Travel Accommodation Market

Related Report:

Global Hotel and Other Travel Accommodation Market Report 2019, Competitive Landscape, Trends and Opportunities

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Top Free Press Release Distribution Services in India in 2020: Ken Research

The services of press release distribution are one of the most appropriate and an irreplaceable tool to commendably backing you to pitch your press release, but they successfully perform the momentous superior when you know how to scratch a press release. In addition, the site of press release submission is one of the operative methodologies of the SEO that allocates the substantial proposal to the bloggers to competently achieve the extraordinary results in the Search Engine Result Pages. Nevertheless, it is also perceptive a media pitch if you entail flourishing in the long run.

The market research online press distribution is crucial for gradually augmented the brand cognizance and supporting the public dealings. But if nobody perceives the releases, you will not get very remote. You need to dispense it skillfully or connect with the active press releases corporates such as Ken Research to get your story selected by prominent national, magazines, newspapers, or most significantly blogs. The press release distribution is the technique of transmission or seeding out your press release to the journalists and the participant of the press. The purpose of dispensing the press release is to land the exposure in media publications namely radio, TV news bulletins, blogs, newspapers, or podcasts. That attitude, you are pinpointing your brand in front of broader spectators.

Heightening, Ken Research’s press release distribution services do surety you will get the extensive media coverage and a consideration-grabbing headline. In addition, we also actively confirm that your release will get to your media relations objectives and that’s half of the battle. The Ken Research is one of the projecting best online press release distribution services and has permission to a generous amount of news and media sites transversely the globe. Our Online Press Release Distribution podium is the only platform whose press release services are employed by the thousands of startups, businesses, digital marketing, and PR agencies. With us, at the single place, you can dispense your stories to your target addressees and monitor news on the topics pertinent to you.

Additionally, floating the profile of a corporate or brand operating the online channels, enlightening the online word-of-mouth buzz, boosting the online advocates and diminishing the impression of the critics, recognizing the online trends and concerns are some features which classically encompasses by the Online Press Release.

Ken Research distributes the Press Releases Free of Charge and standpoints out for the press release distribution to enormous and well-known media outlets. Trivial businesses looking for worth can assistance from the wide-ranging exposure and pricing that we compromise. We are not just a service for capitulating the press releases. We are a press release distribution service with the pervasive experience, and we know very well how to generate the press release thought-provoking for journalists, having conventional the maximum quantity of the publications. With our active assistance, you will save the time and movables of your company. Our main assistance compared to several other services for denoting a press release is a concentrating tactic to the client.

However, the foremost objective of the online press the release is to encourage the awareness of a commercial or its brand amongst the widespread online community and to generate the interest that takes advantage of the viral forthcoming of online social media. It is a process of representing protruding, extraordinary stories associated with a product, brand or communal to as several estimations as possible. It is corresponding to the standard press releases submitted to the offline print media channels, but has the accompanying the flexibility of permitting the content creators to encompass the multi-media content, namely videos as well as the acquaintances and correlating the digital files.

Nonetheless, you are overshadowing the effective press release distribution services like Ken Research’s, then the meticulous submission is super appropriate. I contemplate from the above submission or data you follow of press releases and its usability to encourage your respective business.

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The Best Free and Paid Press Release Distribution Website: Ken Research

Related Post: –

Online Press Release Distribution Site: Ken Research

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Developing Vision of the High Return Engagement Model Market Outlook: Ken Research

In the resilient intensifying period, electing an effective engagement model is like setting up the reinforcement on which the whole project relay. The customs of engagement model that you confidently handpicked will bearing almost everything in your project containing its all-inclusive quality. So, it becomes remarkable for you to bounce an operative amount of period in choosing the best matched engagement model for your course work. In addition, the intention of an engagement model is on the essentials, interest and desires of the user. It also defends the obligation, flexibility and the level of hold. To indicate an accurate engagement model you must see that it supports with your undertaking, objectives and vision. Furthermore, you must defense that it bears the positive outcomes.

There could be unrelated causes to pick out an engagement model. One could be disinterested such as reputation, company’s record, involvement and cost of app improvement. Correspondingly, the other reason could be independent like the clients last surveillance with the company.

Ken Research, Full Service Provider of the Custom Research is proficiently functions as a long-drawn-out research squad for the benefactor, giving the services transversely the continuum, veracious from the precise matters such as data management to wide-ranging topics such as financial and investment research services. Not only has this, the Ken Research intentionally offer the abundant flexibility to the client to engage our resources absolutely for their projects. The Ken Research’s Full Time or Retainer model is enormously appropriate for clients in the business of financial services and accessing that have a sound flow of research effort, that they could farm out and to commercial trades that have wishes for a ready team to button their stockholder relations services depressed of adding fixed costs, as well as sustenance their fund hovering program.  

A committed model of engagement ominously make sure that the patrons get interminable sustenance from our team. In the Full time of Retainer model the expansion time is rapider and the client profits by having the identical set of analysts at exertion on their desires. In addition, the patrons are assertive that they are uncomplaining the opportune Custom Research Report Services at the highest quality. This is a more hurriedly and a more inventive way to gauge up and have total regulator over the team without undertaking cumbersome upfront investment.

We as a Full Service Market Research Company resourcefully shape an engagement model that matches the strains of our clients with a propensity of giving the excessive superiority product. Ken Research succors as an extended research team for the purchaser, distributing the services around the continuum, veracious from subjects such as data management to pervasive topics such as financial and investment research services. We proposition the complete submissiveness to the client to captivate our resources absolutely for their projects. This model is sooner fitting for clients in the business of financial services and retrieving that have an unchanging flow of research exertion, which they could contract out and to commercial clients that have inevitabilities for a ready team to govern their investor relations services without accruing the fixed costs, as well as maintenance their fund balanced program.

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Full Service Market Research Company

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249