Rising Cold Transportation, Revision of Government Norms and Increasing Tech Penetration is Facilitating Growth in Road Freight 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 Increased Government Spending: The government under the budget of 2020-2021 has allocated INR 170,000 crore for Transportation which is 8% higher than the budgetary allocation of 2019-2020. The National Infrastructure Pipeline for 2019-2025 pegged the projected capital expenditure for Transportation (covering Roads, Railways, Ports and Airports) at about INR 35.7 lakh crore. Various efforts include Bhratamala Pariyojana and the Sagarmala Project, Bangalore suburban transport project and many more. High seasonal demand variation: The demand for trucking in India is the highest during Festive Months (Sept, Oct, Nov, and Dec) and harvesting Months (February to April) where the occupancy of trucks can rise by 30-40% along with freight fluctuations of 6-7% in comparison to normal freight rates prevailing in the trucking Industry. Change in Government Regulations: The government is constantly changing the regulations associated with trucking industry such as Restriction of trucks above age of 15 years to phase out older & polluting vehicles from the country. GST has shifted all manual transactions to digital mode with e way bills and Fastags ensuring more transparency into the system. The government has even revised Axle norms to increase load capacity that have impacted Small fleet operators negatively. Improving Cold Transportation: India exports huge variety of Fruits and vegetables which require Cold Chain Services which are extensively being used now-a-days in India. Inspite of huge Cold Storage Capacity, the country still lacks in Cold transportation services with only 30k refrigerated containerized trucks available on road. In the past few years many food and meat processing companies such as Hibachi, Tendercuts, Zappfresh and more who require Cold transportation is being catered by many cold transporters such as GATI KWE, DHL Smart trucking, Snowman, Coldman logistics and more providing Integrated Logistics Solutions and positively impacting Road freight market of the country. 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 Government spending on Roads, Ports, Inland Coastal Shipping to reduce congestion in metropolitan Cities, increasing E commerce sector, Revised Axle norms that have reduced freight Cost and increased the capacity of trucks in India. 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 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