India Road Freight Market is Expected to Cross INR 9,500 Bn by 2024: 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 The truckers who have bought trucks with 50-100% institutional finance will see a tough time due to COVID 19 and need to maintain 90% capacity utilisation for upcoming EMIs, Insurance premiums & Permit with same freight cost in spite of high diesel cost. The Government is investing ₹ 20-30 Tn (15% via PPP) in transport infrastructure with focus on rural & last mile connectivity & increase in outlay of 39% to PMGSY. Government Change in Regulations such as Revision in GST norms to increase the transparency, Restrictions on the age of trucks and Revision in Axle Load Norms to Bring GVW at par with Global Markets will impact the Road freight market. Covid-19 Impact on Trucking Industry in India: During the Lockdown phase, Imports and Exports have fallen from major trading partners such as China, US and UAE affecting the road freight volumes transported from ports to other parts of India. Majority of the truckers are Small fleet operators who are the worst hit as they need to maintain 90% capacity utilization in order to bear additional expenses such as EMI, Insurance Premium and Permits. LFO s and MFOs who are more inclined towards Asset light model are even affected due to shortage of Drivers and labourers. The trucking will see negative growth rate in the FY’2021 due to complete lockdown and transportation of only essential commodities, but is expected to revive back in FY22. Revision in Road Freight Norms by Government: The government regulations such as axle norms increasing Maximum Possible Payload reducing freight rates, phasing out older & polluting vehicles that are over 15 years old, GST to Increase Transparency, Reduce Delays and Administration Costs will Impact the Road Freight Industry. Adoption of New Technology: Companies have started adoption of new technologies such as TMS, GPS for real time tracking assuring transparency to their clients. Larger Domestic Companies are even moving towards Asset Light Model having tie ups with Local Subcontractors. Digital Freight brokerage platforms such as Rivigo, Truckola, Trucksuvidha and many more are being very popular in India and are used by many companies for short and long hauls solving the problem of empty returns and maintaining their margins. Analysts at Ken Research in their latest publication “India Road Freight Market Outlook to 2024 – Driven by BS VI Norms, revision in Existing Axle Norms by the Government and Technological Advancements” believe that the Road Freight Market in India is expected to grow due to rising Competition in Road freight market, Rising Digital aggregator Start ups for trucking and e commerce market, Introduction of GST, E way Bills, Fastags along with Technological Advancements. 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:- India Road Freight Market Related Reports:- Philippines Road Freight Market Outlook To 2024 – Driven By Government Spending On Road Infrastructure and Technological Advancements Philippines Logistics And Warehousing Market Outlook To 2024 – By Freight Forwarding (Air, Sea, Land), Domestic And International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture And Others), Express And E-Commerce Logistics, Balikbayan Box, Third Party Logistics Indonesia Logistics and Warehousing Market Outlook to 2023 – Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Aggarwal Packers and Movers Road Freight Market Sales, ALL Cargo Road Freight Market Shares, Anand Roadlines Road Freight Market Size, Andhra Bangalore Roadways Road Freight Market Size, Associated Road Carriers Road Freight Market Sales, CEVA Road Freight Market Shares, Coastal Roadways Road Freight Market Shares, Covid-19 Impact India Road Freight Industry, Covid-19 Impact India Road Freight Market, Covid-19 Slump In India Trucking Industry, Cronavirus Impact India Road Freight Industry, Cronavirus Impact India Road Freight Market, CTC Freight Carriers Road Freight Market Size, DGFC Road Freight Market Revenue, DHL Road Freight Market Revenue, Evaluation Study India Road Freight Market, Evaluation Summary Report India Road Freight Market, Evaluative Survey India Road Freight Market, Express Logistics Road Freight Market Size, FSC Road Freight Market Revenue, GATI-KWE Road Freight Market Shares, India Air Freight Market Revenue, India Digital Freight Aggregators Market, India Dry Bulk Market, India E-Commerce Logistics Companies, India Freight forwarding Market Size, India Freight Transportation Market, India FTL Road Freight Market, India Full Truck Load Market, India HGCV Trucks Market Size, India Large Fleet Operators Market, India LGCV Trucks Market Size, India Logistics and Warehousing Market Future Outlook, India Logistics and Warehousing Market Size, India Logistics Infrastructure Market, India LTL Road Freight Market, India Medium Fleet Operators Market, India Non Reefer Trucks Market, India Rail Freight Market, India Registered Trucks Market Size, India Road Freight Due Diligence Report, India Road Freight FTK Market, India Road Freight Growth Strategy Market Report, India Road Freight Industry, India Road Freight Industry Research Report, India Road Freight Infrastructur Market, India Road Freight Market, India Road Freight Market Analysis, India Road Freight Market Competition, India Road Freight Market Competition Benchmarking, India Road Freight Market Evaluation Report, India Road Freight Market Forecast, India Road Freight Market Future Outlook, India Road Freight Market Growth, India Road Freight Market Major Players, India Road Freight Market Research Report, India Road Freight Market Revenue, India Road Freight Market Revenue Forecasting, India Road Freight Market Shares, India Road Freight Market Size, India Road Freight Market Trends, India Road Transportation Market, India Sea Freight Market Size, India Temperature Controlled Transportation Market, India Trucking Market Size, Industry Research Report Of India Road Freight, KerryIndev Logistics Road Freight Market Size, Mahindra Logistics Road Freight Market Sales, Market Research Report Of India Road Freight, New Axle Norms In India, NTC Logistics Road Freight Market Shares, OM Logistics Road Freight Market Sales, Operating Cost Truck India Small Fleet Operator, Road Freight Industry In India, Road Freight Market In India, Sical Logistics Road Freight Market Shares, Social Evaluation Research India Road Freight Market, Southern Cargo Road Freight Market Shares, Stellar Value Chain Road Freight Market Revenue, TCI Road Freight Market Revenue, Truck Small Fleet Operators India, TVS Road Freight Market Revenue, Varuna Road Freight Market Shares, VRL Logistics Road Freight Market Size, VTrans Road Freight Market Revenue, Write An Evaluation Report On India Road Freight Market