India Road Freight Transport Market Size was valued at USD 142 Billion in 2022. The India Road Freight Transport industry is projected to grow from USD 147 Billion in 2023 to USD 193.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 2032). The growing demand for rail freight transports and the many advantages that freight transportation management provides are the main market drivers anticipated to propel the India Road Freight Transport market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
One of the main factors driving the market CAGR for road freight transport is India's quickly expanding economy. The need for cross-country goods transportation rises as a result of increasing industrial activity, trade, and consumption brought on by economic expansion. Developing several techniques to boost freight and commercial transport efficiency is a part of freight transport management. The goal of freight transport management is to lower shipper costs while taking into account societal costs like traffic jams and pollution effects. It assists shippers in selecting the most appropriate form of transportation. Having an incredibly efficient supply chain is now absolutely required. Transportation management for freight satisfies these criteria. A freight transportation management system aids businesses in the efficient, dependable, and economical movement of goods from one location to another.
Furthermore, the necessity of transportation freight Growing digitalization has led to changes in several industries and the emergence of e-commerce. The surge in e-commerce has forced businesses to optimize their supply chains in order to cut down on transit times, deliver goods to clients promptly, and increase efficiency. Due to this, there is a greater volume of domestic traffic using the roads, and many trucks are being used for the same purpose. The development of road technology is accelerating the expansion of the global freight transportation management market sport services has increased dramatically as a result of India's e-commerce industry's explosive growth. Express logistics services and last-mile delivery are in more demand as a result of e-commerce platforms' heavy reliance on road transportation to deliver goods to clients in various locations. Growing digitalization has led to changes in several industries and the emergence of e-commerce. The surge in e-commerce has forced businesses to optimize their supply chains in order to cut down on transit times, deliver goods to clients promptly, and increase efficiency. Due to this, there is a greater flow of domestic traffic on the roads, requiring a significant number of vehicles. The advancement of transportation technologies is contributing to the expansion of the. Thus, driving the India Road Freight Transport market revenue.
The India Road Freight Transport market segmentation, based on Mode of Transportation, includes Road Freight, Sea Freight, and Air Freight. The air freight segment dominated the market mostly. This is because the carrying of products by air carriers is known as air freight. Usually speedier than ocean freight, it is frequently utilized for high-value or time-sensitive items. In order to manage paperwork, schedule cargo space, and guarantee the smooth transit of products through airports, freight forwarders work in tandem with airlines.
The India Road Freight Transport market segmentation, based on Road Transportation, includes Less than truck load and Full truck load. The less than truck load generated the most income. This is due to combining several shipments from various customers into a single truckload, which is known as truckload shipping. For smaller cargoes that don't require a full vehicle, LTL shipments are perfect. LTL logistics is the area of expertise for freight forwarders who organize the consolidation.
The India Road Freight Transport market segmentation, based on Type of Fleets, includes Less Goods Carrier Vehicles and High Goods Carrier Vehicles. The high goods carrier vehicles generated the most income. This is due to the fact that these cars can carry more cargo than less cargo-carrying vehicles. Large trucks, trailers, and specialty cars made to move huge gear, oversized objects, or bulk goods are a few examples. Long-haul, intercity, and longer-distance transportation of greater quantities of cargo are among their often-utilized applications.
Figure 1: India Road Freight Transport Market, by Type of Fleets, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India has made significant investments in the building of roads, highways, and expressways, among other infrastructure projects. Road infrastructure improvements drive market expansion for road freight transport by improving connectivity, cutting transit times, and lowering logistical expenses. The market for road freight transport has been greatly expanded by the quick rise of e-commerce in India. The need for last-mile delivery and rapid logistics services is fueled by e-commerce enterprises' heavy reliance on road transportation to deliver items to clients in various regions. The increasing demand for goods and services in urban areas as a result of urbanization and population growth makes effective road freight transit necessary to supply cities with consumer items, construction materials, and necessities.
Leading market players are putting a lot of money into R&D to increase the range of products they sell. Additionally, market players are engaging in a range of calculated actions to increase their presence, with important market developments including releases of new products, contracts, acquisitions and mergers, increased investments, and cooperation with other enterprises. To grow and endure in a market that is becoming more and more competitive, India Road Freight Transport industry must provide reasonably priced goods.
Major players in the India Road Freight Transport market are making investments in R&D operations in an effort to boost market demand, including GATI-KWE, VRL Logistics, TCI, OM Logistics, DGFC, Varuna, Express Logistics, Aggarwal Packers and Movers, NTC Logistics.
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
CTC Freight Carriers
ALL Cargo
TVS
March 2021: SAP SE declared their collaboration with Sedna Systems. As part of this agreement, the businesses will integrate SAP TMS with the email management and team collaboration tools from Sedna Systems.
February 2022: Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) has new logistics management features that Oracle released. The company has released an update for Oracle Fusion Cloud Transportation Management, which can assist businesses in cutting expenses and risk, enhancing customer satisfaction, and strengthening their ability to bounce back from setbacks. As a result, the business will be able to draw in more clients from the market with this.
Road Freight
Sea Freight
Air Freight
Less than truck load
Full truck load
Less Goods Carrier Vehicles
High Goods Carrier Vehicles
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 142 Billion |
| Market Size 2023 | USD 147 Billion |
| Market Size 2032 | USD 193.6 Billion |
| Compound Annual Growth Rate (CAGR) | 3.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Mode of Transportation, Road transportation, Type of Fleets |
| Countries Covered | India |
| Key Companies Profiled | GATI-KWE, VRL Logistics, TCI, OM Logistics, DGFC, Varuna, Express Logistics, Aggarwal Packers and Movers, NTC Logistics |
| Key Market Opportunities | Growing digitalization has led to changes in several industries and the emergence of e-commerce The need for freight transportation management to oversee rail freight movement is growing |
| Key Market Dynamics | Growth in the increased use of railroads for transportation Highest Advantages Provided by Management of Freight Transportation |
Frequently Asked Questions (FAQ) :
The size of the India Road Freight Transport market was estimated at USD 147 billion in 2023.
It is anticipated that the market would expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2032.
The key players in the market are GATI-KWE, VRL Logistics, TCI, OM Logistics, DGFC, Varuna, Express Logistics, Aggarwal Packers and Movers, and NTC Logistics.
The Air Freight dominated the market in 2023.
The Less than truck load had the largest share in the market.
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