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:-
Related Reports:-
No comments:
Post a Comment