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 identied 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
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