India Digital Freight Brokerage Market Outlook to 2025
Marquee Investors Funding in the Space and Revenue Alternative on Return Trips to Support Market Growth
April 2020
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About the Report
About the Report
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” provides a comprehensive analysis on the status of truck aggregators in India. The report covers various aspects including the current road logistics scenario, pain points in India road logistics market, digital freight brokerage market size & market segmentations, demand analysis for truck aggregators, supply ecosystem for truck aggregators, challenges faced by digital freight brokerage companies, role of government in India digital freight brokerage market, trends & developments, funding wave in India digital freight brokerage market, competitive landscape and interview with Founders of Porter, Truck Suvidha & Let’s Transport. The report concludes with market projections for future of the industry including forecasted industry size by revenue with recommended market penetration strategies for a new entrant.
India Digital Freight Brokerage Market Overview and Size:
India Digital Freight Brokerage market has witnessed a phenomenal double digit CAGR growth during FY’2016- FY’2020P due to the rise in internet penetration in India, shift towards digitalization of trucking industry due to enhanced efficiency & better truck utilization. Also, support from government, rise in road infrastructure projects, rise in sales of trucks, rise in road freight market of India stimulated the growth in the market.
India Digital Freight Brokerage Market Segmentation
By Confinement (Intercity & Intracity): Market is dominated by intercity movements in FY’2020P since most of the industries prefer intercity movements due to their distribution need across the country.
By Carrier Options (FTL, PTL & LTL): FTL dominated the market due to better efficiency and truck utilization provided by it and also most of the enterprises have full truck load requirements. LTL is the least preferred category due to less efficiency provided by it and costing more to the shippers.
By Type of Operating Model (Spot Based, Loadboard, Contract Based): Contract Based contributes the largest revenue share among these operating models in FY’2020P, since it is preferred by most of the large enterprises due to their regular logistics need.
By Type of Revenue Model (Commission Based & Subscription Based): Commission Based is the most preferred revenue model in FY’2020P since it is dependent on the logistics requirements of shippers, providing revenue with each booking.
By Type of End Users (B2B & B2C): In FY’2020P, B2B dominates the market on the basis of type of end users since they have high logistics requirements.
Intercity By End Users: FMCG industry leads in terms of number of bookings made in intercity movements in FY’2020 since they have high volume distribution needs across the country.
Intracity By End Users: Logistics is dominating the intracity market with high number of bookings since many logistics companies avail online truck aggregators’ services due to not being able to cater their services.
Intracity By Type of Trucks: On the basis of number of bookings, Between 6-8ft trucks dominate the market in intracity movements in FY’2020P.
Intercity By Type of Trucks: Most of the bookings in intercity movements come for trucks with loading capacity above 28MT in FY’2020P.
Competitive Landscape of Major Players Operating in the India Digital Freight Brokerage Market
Competition within the market is fragmented due to the presence of 20-25+ players, each capturing very low share. The market is led by major players namely Blackbuck, Porter, Let’s Transport, Blowhorn, Truckola, Trukky and others. The companies in the market compete on the basis of number of shippers, number of trucks on board, number of carriers associated, technology used, facilities & services provided to both shippers & truck drivers.
India Digital Freight Brokerage Market Future Outlook & Projections:
Digital freight brokerage market is expected to grow with positive growth in the forecasted period of FY’2020P-FY’2025. The market is expected to consolidate in future with the major players capturing substantial share in the market. The growth of the market will be impacted shortly due to the outbreak of corona virus but it is expected to get back on track and grow in the forecast period.
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
Key Topics Covered in the Report
- Evolution of Truck Aggregators
- Demand Analysis of Digital Freight Brokerage Companies
- Demand & Supply Ecosystem
- India Digital Freight Brokerage Market Size
- Funding wave in India Digital Freight Brokerage Market
- India Digital Freight Brokerage Market Segmentation
- Competitive Landscape of India Digital Freight Brokerage Market
- SWOT Analysis of India Digital Freight Brokerage Market
- Trends & Developments in India Digital Freight Brokerage Market
- Challenges Faced by India Digital Freight Brokerage Market
- Interview of Founders of Porter, Trucksuvidha & Let’s Transport; Pranav, Ishu Bansal & Sudarshan Ravi respectively on roadmap of India Truck Aggregator Industry
- India Digital Freight Brokerage Industry Future Outlook to FY’ 2025
Recommendations for New Player Entry and Strategy for Existing Players
Products
Products
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
Companies Covered in Report:
- Blackbuck
- Porter
- Let’s Transport
- Truckola
- Rivigo
- Blowhorn
- Trukky
- Lalamove
- Lynk
- Portflip
- EzyHaul
- Trukky
- Lobb
Table of Contents
Table of Contents
1. Executive Summary
2. Current Road Logistics Scenario, Need & Opportunity of Digitalization of Road Logistics Market & Evolution of India Digital Freight Brokerage Market
Current Road Logistics Scenario in India
Pain Points/ Inefficiencies in India Road Logistics Market
Truck Aggregators: Revolutionizing the Trucking Industry
Price Arbitrage Model (Transition from traditional to digital freight brokerage)
Evolution of Digital Freight Brokerage Market in India
Business Cycle of Digital Freight Brokerage Market in India
3.Demand & Supply Side Ecosystem along with Key Focus Areas for Logistics Start-Ups
Demand Infrastructure (Ecosystem of End Users)
Demand across regions in India
Demand Side (End User Analysis: Intercity & Intracity)
Supply Infrastructure (Ecosystem of Truck Aggregators)
Key Focus Areas for Logistics Startups
Key Models used by startups to solve their core business problems (Asset Heavy+ Working Capital Heavy, Asset Light + Working Capital Heavy, Asset Light + Working Capital Light)
Going beyond the core (Value added services provided by Truck Aggregators)
4. India Digital Freight Brokerage Market
India Digital Freight Brokerage Market Size by GTV, FY’2016- FY’2020P
India Digital Freight Brokerage Market By Confinement (Intercity and Intracity), FY’2020P (By Revenue, Number of Bookings By Type of End Users, Number of Bookings By Type of End Users)
Carrier Options (LTL, FTL and PTL) & Type of End users (B2B & B2C) in India Digital Freight Brokerage Market
5. Why Investors are showing interest in India Digital Freight Brokerage Market?
Funding Wave in India Digital Freight Brokerage Market
Investment Activities in India Digital Freight Brokerage Market
Investment Map of India Digital Freight Brokerage Market
6. Operating and Revenue Models across India Digital Freight Brokerage Companies
Operating Models in India Digital Freight Brokerage Market
- Spot Based Model (Overview, Pros, Cons, Major companies)
- Load Board Operating Model (Overview, Pros, Cons, Major companies)
- Contract Based Model (Overview, Pros, Cons, Major companies)
Revenue Models in India Digital Freight Brokerage Market (Comission Based & Subscription Based)
7. Trends & Developments, Challenges & Role of Government in India Digital Freight Brokerage Companies
Trends & Developments in India Digital Freight Brokerage Market
Challenges Faced By Digital Freight Brokerage Companies in India
Role of Government in India Digital Freight Brokerage Market
8. Competitive Landscape in India Digital Freight Brokerage Market
Business Landscape of Major Players (USP, Major Clients, Vintage, Geographical presence)
Operational & Financial Landscape of Major Players (Fleet Size, Revenue in FY’2019, Employee size, Number of Shippers, Number of Carriers, Number of Bookings Per Day, Average Ticket Size Per Booking, Average Distance travelled per booking, Average Margin)
Strengths & Weaknesses of Major Players
Competition in India Digital Freight Brokerage Market
Heat Map of Major Services Provided By Different Players (Insurance, Finance Assistance, Health Assistance, Fleet Management Solutions, API Integration)
Company Profiles of Major Players (Blackbuck, Porter, Let’s Transport, Truck Suvidha, Lalamove, Others including trukky, ezyhaul and others)
Case Study of Rivigo
9. Future Landscape of India Digital Freight Brokerage Market, FY’ 2020-FY’2025
India Digital Freight Brokerage Market Outlook to 2025
Emerging Technologies in India Digital Freight Brokerage Market in India
10. Analyst Recommendation
11. Appendix
Research Methodology
Disclaimer
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