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India Full Truckload Road Freight Transport - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

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  • 213 Pages
  • February 2024
  • Region: India
  • Mordor Intelligence
  • ID: 5717000
The India Full Truckload Road Freight Transport Market size is estimated at USD 115.43 billion in 2024, and is expected to reach USD 179.75 billion by 2029, growing at a CAGR of 9.26% during the forecast period (2024-2029).

Key Highlights

  • Largest Segment by Destination - Domestic : The domestic destination segment garnered the highest share in India's full-truckload industry, owing to the initiatives taken by the government to increase infrastructural developments facilitating the growth of this segment.
  • Largest Segment by End User - Wholesale and Retail Trade : The wholesale and retail trade sector, which accounts for a share of more than 15% of the country's gross domestic product, is the largest end-user sub-segment in the Indian full-truckload market.
  • Fastest Growing Segment by End User - Agriculture, Fishing and Forestry : Agriculture, Fishing and Forestry end-user segment is the fastest-growing end-user industry in India with a GDP contribution of around 16.77% as of 2021 led by increased domestic production and trade.
  • Fastest-growing Segment by Destination - International : International destination is the fastest-growing segment, attributable to the rising exports and imports. In order to meet its trade targets, India needs to record a 7.53% revenue CAGR during 2022-2028 and account for a 5% share in global exports by 2030.

India Full Truckload Road Freight Transport Market Trends

Wholesale and Retail Trade is the largest segment by End User.

  • In 2021, the Indian full truckload market witnessed a growth of 18.19% YoY in value, with the agriculture, fishing, and forestry segment experiencing major growth (19.35% YoY in value), followed by the manufacturing segment (19.19% YoY in value). One of the reasons for the growth of the agriculture, fishing, and forestry segment was that the agricultural sector in India increased by 3.9% during 2021-22. The production of fresh fruit and vegetables during 2021-22 is 3,02,806 thousand metric ton, which is 158% higher than the previous year.
  • The growth of the manufacturing segment was due to the production of automobiles reaching 22.93 million vehicles during 2021-22, up from 22.65 million vehicles in the previous year. In January 2022, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 1,860,809 units. The Indian auto industry is expected to record strong growth during 2022-23, post-recovery from the effects of the COVID-19 pandemic. Electric vehicles, especially two-wheelers, are expected to witness positive sales during 2022-23.
  • The other end-user segment is expected to witness the highest CAGR (8.34%) during the forecast period, followed by the agriculture, fishing, and forestry segment (7.48%). In the other end users segment, the pharmaceutical sub-segment is estimated to grow as medicine spending in India is projected to increase by 9-12% over the next five years. The agriculture, fishing, and forestry segment is forecast to grow as the central government is anticipated to invest USD 9 billion in the fishery sector under PM Matsya Sampada Yojana.

India Full Truckload Road Freight Transport Industry Overview

The India Full Truckload Road Freight Transport Market is fragmented, with the top five companies occupying 0.57%. The major players in this market are CJ Darcl Logistics Ltd, Delhivery, Gati-Kintetsu Express Private Limited, Geodis and Transport Corporation of India Limited (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study
3.3 Research Methodology
4.1 GDP Distribution By Economic Activity
4.2 GDP Growth By Economic Activity
4.3 Wholesale Price Inflation
4.4 Economic Performance And Profile
4.5 Transport And Storage Sector GDP
4.6 Logistics Performance
4.7 Modal Share Of Freight Transport Sector
4.8 Length Of Roads
4.9 Export Trends
4.10 Import Trends
4.11 Fuel Pricing Trends
4.12 Trucking Operational Costs
4.13 Trucking Fleet Size By Type
4.14 Major Truck Suppliers
4.15 Road Freight Tonnage Trends
4.16 Road Freight Pricing Trends
4.17 Regulatory Framework
4.18 Value Chain & Distribution Channel Analysis
5.1 End User
5.1.1 Agriculture, Fishing And Forestry
5.1.2 Construction
5.1.3 Manufacturing
5.1.4 Oil And Gas, Mining And Quarrying
5.1.5 Wholesale And Retail Trade
5.1.6 Others
5.2 Destination
5.2.1 Domestic
5.2.2 International
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 BLR Logistiks (I) Ltd
6.4.2 CJ Darcl Logistics Ltd
6.4.3 Delhivery
6.4.4 Deutsche Post DHL Group
6.4.5 Gati-Kintetsu Express Private Limited
6.4.6 Geodis
6.4.7 Relay Express
6.4.8 Transport Corporation of India Limited
6.4.9 V-Trans (India) Ltd
6.4.10 VRL Logistics Limited
8.1 Global Logistics Market Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
8.7 Currency Exchange Rate

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BLR Logistiks (I) Ltd
  • CJ Darcl Logistics Ltd
  • Delhivery
  • Deutsche Post DHL Group
  • Gati-Kintetsu Express Private Limited
  • Geodis
  • Relay Express
  • Transport Corporation of India Limited
  • V-Trans (India) Ltd
  • VRL Logistics Limited