Marquee Investors Funding in the Space, Rise in Internet Penetration & rise in the transport infrastructure investment stimulated the demand of online trucking in India: Ken Research

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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 identied 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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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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