Will Digital Freight Brokers be able to disrupt the trucking industry in India? – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Digital freight brokerage sector is currently a multi-billion dollar industry and has witnessed significant funding by marquee investors and PE firms since 2016. Since, 2016, the market has witnessed presence of both digital freight brokers and digital freight marketplace. To distinguish these two, Digital freight brokers operate traditional businesses with a relatively small number of outside partners, while digital freight marketplace seek to build software platforms with a relatively large number of partners and participants. What adds Complexity to Freight Transport Market? Transporting freight is always a complex business as there are numerous regulations with which carriers and shippers must adhere, presence of coordination problem since freight shipments must be transported via different modes of transport and evolving expectations for shippers. Traditional freight brokers, owing to their extensive experience with a large pool of people are well able to assess shipper’s need and work as intermediaries between shippers and carriers. Individual freight brokers perform a function that can not yet be replicated entirely with software. How the Disruption can happen in Freight Brokerage Market? Traditional brokers invest more on human resource instead of software technology, which is the focus area for every digital freight brokerage company. The market is moving towards technology enabled software, which can easily connect shippers with carriers through the use of technology. If the digital freight brokers will be able to create a financial distress for traditional brokers and can affect the market positioning of these players significantly, disruption can be made successful in this sector. The financial distress can be made possible only on the basis of price, along with some of the crucial factors highlighted below: Effectively matching of shippers with carriers, wherein carriers will not reject the request received by the shippers. Large Audience of shippers and carriers is required to be offered with services across multiple road corridors and catering to every end user industries, serving as one-stop solution. Strengthening both forward and return route load volumes by expanding strategically Coordinating with partners and provide complementary tools and services including insurance, finance, fuel cards, toll cards and others to reduce the friction between the entities. Maintaining and enforcing rule for participants of platform to protect interest of the entities. Hurdles faced by Digital Freight Brokers The digital freight brokers are growing in the market & reshaping the entire trucking industry. But these players have their own set of challenges to meet. Few hurdles being faced by them in their roadmap to success are: Slow technology adoption among truck drivers, major stakeholder of the industry. Local peculiarities like intermediaries who have deeply entrenched relationships with shippers and transporters make it tough to scale up in this heavily fragmented market. Indemnity related issues and collusive malpractices within organizations and at octroi/toll nakas. The existing players can focus on these challenges in order to scale well in their businesses. Is digitalization the future of trucking sector in India? The online freight penetration is expected to rise in the future due to the rise in internet penetration, better services being provided to both shippers & carriers, enhanced efficiency & better utilization of trucks and the ecosystem approach being followed by digital freight brokers. With home grown startups, global companies like Lalamove, Gogovan and Ezyhaul have started to expand their operations into the market. They will continue to provide competition to domestic startups. It is expected that long haul movements will continue to dominate the market due to the rise in the distribution needs across the country by major industries. Finally, the ability of both traditional trucking and trucking-tech companies to scale and to operate profitably will be determined in part by the quality of road infrastructure and legislations surrounding it. 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 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 For More Information on the research report, refer to below link:- India Digital Freight Brokerage Market Related Reports:- UAE Cold Chain Market Outlook To 2025 – By Cold Storage (Ambient, Chilled And Frozen Warehousing) And Cold Transport (Land, Sea And Air), By End User (Dairy Products, Meat And Seafood, Pharmaceuticals, Fruits And Vegetables And Others) And By Ownership (Integrated And Contract Logistics) UAE Logistics And Warehousing Market Outlook To 2025 – By Road , Sea And Air Freight Forwarding; Domestic And International Freight, Major Flow Corridors, Integrated And Contract Freight Forwarding; By Warehousing (Industrial / Retail, CFS / Inland Container Depot & Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food And Beverage, Automotive, Oil And Gas, Healthcare), Type Of Warehouses; By Courier Express & Parcel Market , And, E-Commerce Logistics Turkey Logistics And Warehousing Market Outlook To 2025 – By Domestic And International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight And Pipelines, Sea, Air And Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic And Cross Border E-Commerce Logistics Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Blackbuck Digital Freight Brokerage Market Shares, Blowhorn Digital Freight Brokerage Market Revenue, Digital Freight Brokerage Industry In India, Digital Freight Brokerage Market In India, Evaluation Study India Digital Freight Brokerage Market, Evaluation Summary Report India Digital Freight Brokerage Market, Evaluative Survey India Digital Freight Brokerage Market, EzyHaul Digital Freight Brokerage Market Sales, GTV Digital Freight Brokerage India, India B2B Digital Freight Brokerage Market, India B2C Digital Freight Brokerage Market, India Digital Freight Brokerage Companies, India Digital Freight Brokerage Due Diligence Report, India Digital Freight Brokerage Growth Strategy Market Report, India Digital Freight Brokerage Industry, India Digital Freight Brokerage Industry Research Report, India Digital Freight Brokerage Market, India Digital Freight Brokerage Market Analysis, India Digital Freight Brokerage Market Competition, India Digital Freight Brokerage Market Competition Benchmarking, India Digital Freight Brokerage Market Evaluation Report, India Digital Freight Brokerage Market Forecast, India Digital Freight Brokerage Market Future Outlook, India Digital Freight Brokerage Market Growth, India Digital Freight Brokerage Market Major Players, India Digital Freight Brokerage Market Research Report, India Digital Freight Brokerage Market Revenue, India Digital Freight Brokerage Market Revenue Forecasting, India Digital Freight Brokerage Market Shares, India Digital Freight Brokerage Market Size, India Digital Freight Brokerage Market Trends, India FMCG Digital Freight Brokerage Market, India FTL Digital Freight Brokerage Market, India Furniture Digital Freight Brokerage Market, India Intercity Digital Freight Brokerage Market, India Intracity Digital Freight Brokerage Market, India Logistics Digital Freight Brokerage Market, India LTL Digital Freight Brokerage Market, India Metals Digital Freight Brokerage Market, India Online Freight Market, India Online Trucking Companies, India Online Trucking Market, India Paints Digital Freight Brokerage Market, India Petrochemicals Digital Freight Brokerage Market, India PTL Digital Freight Brokerage Market, India Truck Aggregator Companies, India Truck Aggregator Market, Industry Research Report Of India Digital Freight Brokerage, Lalamove Digital Freight Brokerage Market Revenue, Let’s Transport Digital Freight Brokerage Market Sales, Lobb Digital Freight Brokerage Market Revenue, Lynk Digital Freight Brokerage Market Shares, Market Research Report Of India Digital Freight Brokerage, Porter Digital Freight Brokerage Market Revenue, Portflip Digital Freight Brokerage Market Revenue, Revenues Digital Freight India, Rivigo Digital Freight Brokerage Market Shares, Social Evaluation Research India Digital Freight Brokerage Market, Truckola Digital Freight Brokerage Market Revenue, Trukky Digital Freight Brokerage Market Shares, Trukky Digital Freight Brokerage Market Size, Write An Evaluation Report On India Digital Freight Brokerage Market