India Road Freight Transport Market

• Growing need for rail freight transport is driving the market growth

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.

BlackBuck’s "BlackBuck Fleet Management System" - 2024: BlackBuck introduced an upgraded version of its Fleet Management System, offering enhanced tracking, route optimization, and real-time analytics for road freight operators in India. The system aims to improve operational efficiency and reduce costs.

Rivigo’s "Rivigo 2.0 Platform" - 2023: Rivigo launched the Rivigo 2.0 Platform, an advanced digital solution for road freight management. The platform includes features for real-time tracking, automated fleet management, and predictive analytics to enhance logistics operations. In 2024, in order to achieve further operational and infrastructural development within the Indian Road freight transport sector within the very near future, some key reforms have been put in place by the government, and their fruits have started bearing.

The introduction of the Gati Shakti Master Plan is meant to optimize the transportation services in the nation by interconnecting different means of transportation and advocating for the creation of several multipurpose logistics parks. This undertaking has gained appreciation from both logistics firms and state governments, as they are all interested in economic development and improved transit times.

The Global India Road Freight Transport Market Industry is poised for remarkable growth, with projections indicating a market size of 235.94 USD Billion in 2024 and an anticipated increase to 541.32 USD Billion by 2035. This represents a compound annual growth rate (CAGR) of 7.84% from 2025 to 2035. Such growth is indicative of the increasing reliance on road transport for freight movement, driven by factors such as e-commerce expansion, infrastructure development, and technological advancements. The market's trajectory suggests a robust future, with numerous opportunities for stakeholders across the logistics spectrum.

The surge in e-commerce activities is a pivotal driver for the Global India Road Freight Transport Market Industry. As online shopping becomes increasingly prevalent, the need for efficient logistics and freight transport solutions intensifies. In 2024, the market is projected to reach 235.94 USD Billion, largely fueled by the demand for timely deliveries and last-mile logistics. Companies are investing in advanced transportation technologies to enhance their service offerings, which may lead to improved customer satisfaction and retention. This trend is expected to continue, with the market potentially expanding significantly as e-commerce sales grow.

Government initiatives aimed at enhancing road infrastructure play a crucial role in the Global India Road Freight Transport Market Industry. Investments in highways, expressways, and logistics parks are likely to facilitate smoother freight movement, thereby reducing transit times and costs. The National Infrastructure Pipeline outlines substantial funding for transport projects, which could bolster the sector's growth. Improved infrastructure not only supports existing freight operations but also attracts new players, fostering competition and innovation. As these developments unfold, they may contribute to the market's projected growth to 541.32 USD Billion by 2035.

Technological advancements are transforming the Global India Road Freight Transport Market Industry, enabling companies to optimize their operations. The integration of technologies such as IoT, AI, and big data analytics allows for real-time tracking and improved decision-making. These innovations enhance supply chain visibility and efficiency, which are critical in meeting the demands of modern consumers. As logistics providers increasingly adopt these technologies, they may gain a competitive edge, potentially driving market growth. The ongoing digital transformation is likely to play a significant role in shaping the future of freight transport in India.

The regulatory environment surrounding the Global India Road Freight Transport Market Industry is evolving, with government policies increasingly favoring the logistics sector. Initiatives such as the Goods and Services Tax (GST) have streamlined inter-state transportation, reducing barriers and enhancing efficiency. Furthermore, the introduction of the National Logistics Policy aims to improve the overall logistics ecosystem, potentially leading to reduced costs and improved service levels. These regulatory changes may encourage investment in the sector, fostering growth and innovation as companies adapt to the new landscape.

The volatility of fuel prices is a significant concern for the Global India Road Freight Transport Market Industry. As fuel costs rise, logistics companies are compelled to seek innovative solutions to enhance fuel efficiency and reduce operational expenses. This may lead to the adoption of alternative fuels and advanced vehicle technologies, such as electric and hybrid trucks. Such innovations could not only mitigate the impact of rising fuel prices but also align with global sustainability goals. Consequently, the market may witness a shift towards greener logistics solutions, which could reshape the competitive landscape.

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.