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Market Overview
India Road Freight Transport Market Size was valued at USD 142 Billion in 2022. The India Road Freight Transport industry is projected to grow from USD 147 Billion in 2023 to USD 193.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 – 2032).
Competitive Dynamics
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
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Market Dynamics
The growing demand for rail freight transports and the many benefits of freight transportation management are expected to boost the India Road Freight Transport industry. India’s fast-growing economy drives the CAGR of the road freight transport market. Economic expansion increases industrial activity, trade, and consumption, requiring cross-country goods transportation. As the Indian economy grows, demand for manufactured goods rises, increasing the need for road freight services to move raw materials and completed goods. Freight transport management involves developing methods to improve freight and commercial transport efficiency.
Furthermore, freight transportation is necessary in today’s times. Digitalization has transformed various industries and spawned e-commerce. The rise of e-commerce has prompted companies to streamline their supply networks to reduce transit times, deliver items quickly, and boost efficiency. Since there is more domestic traffic on the roadways, more trucks are employed for the same purpose. The global freight transportation management market is growing due to road technology. India’s e-commerce business is booming.
E-commerce platforms’ strong use of road transportation to deliver items to customers has increased demand for express logistics and last-mile delivery. Digitalization has transformed various industries and spawned e-commerce. The rise of e-commerce has prompted companies to streamline their supply networks to reduce transit times, deliver items quickly, and boost efficiency. Due to this, domestic traffic increases, and more vehicles are needed, thus driving India’s Road Freight Transport market revenue.
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Segmental Analysis
The India Road Freight Transport market segmentation, based on Mode of Transportation, includes Road Freight, Sea Freight, and Air Freight.
The India Road Freight Transport market segmentation, based on Road Transportation, includes Less than truckload and Full truckload.
The India Road Freight Transport market segmentation, based on Type of Fleets, includes Less Goods Carrier Vehicles and High Goods Carrier Vehicles.
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Regional Overview
India has invested heavily in roads, highways, expressways, and other infrastructure. Better connection, shorter transit times, and lower logistical costs boost road freight movement. E-commerce in India has rapidly grown the road freight transit business. E-commerce companies’ substantial use of road transportation to deliver things to customers in various regions drives the need for last-mile delivery and speedy logistics. Urbanization and population growth increase the demand for goods and services in cities, making effective road freight transportation essential to supply consumer goods, construction materials, and essentials. India was an Asian industrial hub in 2022, and infrastructure improvements made it easy for firms to import and export more. Rail transportation has advanced to ensure speedier travel times; hence, a minimal inventory strategy is observed to be less likely.
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