India road freight market size has grown in the period 2016-2019, with a CAGR of 63.6% due to rise in the volume of goods transported, rise in the number of commercial fleet, focus on the improvement of road infrastructure by government.
Rise in Funding: India freight trucking sector has seen a significant rise in investments over the past five years with an increase in the investment at a CAGR of around 190% in the period 2014-2018, reaching to around USD 140 Million in 2018. The investment has been across the three key areas — long haul movement, short haul delivery and logistics software solutions, with long haul earning great interest. There has been a significant consolidation of funding with more than 60%+ of the funding going to only 8 players.
Support from Government: Indian government has initiated few road infrastructure projects namely Bharatmala Pariyojna (construction/up-gradation of National Highways of 34,800 kms length over a period of 5 years (2017-18 to 2021-22) at an estimated outlay of ₹5, 35,000 crores). This programme focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps. Also, a network of 35 Multimodal Logistics Parks had been identied for development in the Phase–1 of Bharatmala Pariyojana.
Dominance in Southern Region: More than three fourth of the total number of startups are based in South India especially in cities such as Bangalore, Chennai, Hyderabad, owing to proximity with Industry Clusters and Port Infrastructure.
Technological Advancements: Technology such as Blockchain, IoT, Autonomous vehicles, GPS tracking, fleet management solutions, truck platooning, Fastags supported the growth in online trucking market. Market also witnessed emergence of Relay as service (RaaS) as a unique model limiting the number of driving hours for a truck driver by following a relay truck model.
The report titled “India Digital Freight Brokerage Market Outlook to 2025 – Marquee Investors Funding in the Space and Revenue Alternative on Return Trips to Support Market Growth” by Ken Research suggests that this space has seen a phenomenal growth due to the rise in the road freight market size, growth in the funding, rising internet penetration, enhanced operational efficiency & better utilization of trucks, support from government, technological advancements. The India digital freight brokerage market is projected to grow at a CAGR of 40.6% during the period FY’2019-FY’2025.
Key Segments Covered:-
By Confinement
Intercity
Intracity
By Carrier Options
FTL
PTL
LTL
By Type of Operating Model
Spot Based Model
Load Board Model
Contract Based Model
By Type of Revenue Model
Commission Based Model
Subscription Based Model
By Type of End Users
B2B
B2C
Intercity By Type of End Users (on the basis of number of bookings)
FMCG
Petrochemicals & Paints
Metals
Others
Intracity By Type of End Users (on the basis of number of bookings)
Logistics
FMCG
Furniture
Others
Intracity By Type of Trucks
Below or equal to 5ft
Between 6-8ft
Above 8ft
Intercity By Type of Trucks
3-12 MT
13-28 MT
Above 28 MT
Key Target Audience:-
Truck Aggregator Companies
Logistics Companies
PE and Venture Capitalist Firms
Transport Contractors
Logistics Association
Time Period Captured in the Report:-
Historical Period: FY’2016-FY’2020P
Forecast Period: FY’2020P-FY’2025F
Companies Covered in Report:-
Blackbuck
Porter
Let’s Transport
Truckola
Rivigo
Blowhorn
Trukky
Lalamove
Lynk
Portflip
EzyHaul
Trukky
Lobb
For More Information on the research report, refer to below link:
India Digital Freight Brokerage Market
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Ken Research
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