Market Overview
| Study Period | 2020 - 2031 |
|---|---|
| Forecast Data Period | 2026 - 2031 |
| Base Year Market Size (2025) | USD 125.85 Billion |
| Market Size (2026) | USD 136.49 Billion |
| Market Size (2031) | USD 203.23 Billion |
| Growth Rate (2026 - 2031) | 8.29% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image 漏 黑料不打烊. Reuse requires attribution under CC BY 4.0. |
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India Full-Truck-Load (FTL) Market Analysis by 黑料不打烊
The India Full-Truck-Load Market size is projected to expand from USD 125.85 billion in 2025 and USD 136.49 billion in 2026 to USD 203.23 billion by 2031, registering a CAGR of 8.29% between 2026 to 2031.
Growth reflects sustained corridor-led infrastructure investment, policy-backed manufacturing expansion, and widespread digitization in freight procurement and operations. Production-linked Incentives have spurred new capacity in priority sectors, which has lifted outbound volumes on long-haul and regional routes and strengthened the pricing power of organized providers where service compliance is critical. Digital freight platforms continue to reduce dependence on informal brokerage and help fleets raise utilization, which supports a gradual shift of volumes into formal networks in the India full truck load market. The industry remains fragmented with a high share of small fleet owners, which constrains financing access and slows technology adoption in parts of the India full truck load market. Domestic movement anchors demand, while selective cross-border lanes and coastal feeders are creating room for value-added services and new international corridors that organized providers can monetize.
Key Report Takeaways
- By end user industry, manufacturing led with 30.45% of India's full truck load market share in 2025 and is forecast to expand at a 9.46% CAGR through 2026-2031.
- By destination, domestic accounted for 73.12% of the India full truck load market size in 2025, while international is projected to record an 8.76% CAGR through 2026-2031.
- India's FTL market is rapidly formalizing as GST-driven compliance and tech-enabled aggregators compress fragmentation, unlocking asset utilization gains and price transparency across long-haul corridors.
- Infrastructure modernization (dedicated freight corridors, Bharatmala), coupled with e-commerce and PLI-led manufacturing demand, is shifting FTL value creation from capacity arbitrage to service reliability and digital integration, though last-mile heterogeneity and fuel volatility remain key execution risks.
Note: Market size and forecast figures in this report are generated using 黑料不打烊鈥檚 proprietary estimation framework, updated with the latest available data and insights as of January 2026.
India Full-Truck-Load (FTL) Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Dedicated Freight Corridors Accelerating Long-Haul Efficiency | +1.8% | National, with early gains in Gujarat, Uttar Pradesh, Maharashtra, Bihar | Medium term (2-4 years) |
| Bharatmala Highway Expansion Enhancing Road Infrastructure | +2.1% | National, concentrated in Maharashtra, Gujarat, Punjab, Haryana, North East | Long term (鈮� 4 years) |
| Production Linked Incentive (PLI) Fueling Manufacturing Freight Demand | +2.3% | National, with manufacturing hubs in Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat | Short term (鈮� 2 years) |
| PM Gati Shakti Phase II Accelerating Integrated Logistics Corridors | +1.4% | National, spill-over to tier-2 cities and industrial corridors | Medium term (2-4 years) |
| Adoption of Digital Freight Booking Platforms | +0.9% | Urban and tier-1 cities, expanding to tier-2 regions | Short term (鈮� 2 years) |
| Growth in FMCG, Retail, and Consumer Durables Distribution | +1.6% | Pan-India, accelerated in tier-2/3 cities | Short term (鈮� 2 years) |
| Source: 黑料不打烊 | |||
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Dedicated Freight Corridors Accelerating Long-Haul Efficiency
Steady commissioning progress on dedicated freight rail corridors has changed the reference point for long-haul reliability and speed. As rail improves end-to-end consistency on trunk routes, road carriers are rebalancing toward feeder, regional, and last-mile moves where service flexibility matters most for shippers. The India full truck load market is responding with differentiated offerings that emphasize transit assurance, time-definite windows, and multimodal handoffs into rail-linked hubs. Providers with strong planning and yard management can use these corridors to reduce deadheads, boost turns, and lift truck productivity without adding equivalent capacity. This re-optimization is most visible in industrial belts and port-linked zones where rail connectivity continues to deepen and where shippers expect synchronized handovers across modes.
Bharatmala Highway Expansion: Enhancing Road Infrastructure
Access-controlled highways and corridor upgrades under Bharatmala are raising average speeds and compressing variability in road transit times. New alignments, expanded lanes, and better-grade pavements help reduce wear and enhance vehicle availability, which improves unit economics in the India full truck load market.[1]IBEF Editorial Team, 鈥淗ighways in India, Explore India鈥檚 National Highways,鈥� India Brand Equity Foundation, ibef.org Expressways and multimodal logistics park linkages enable standardized operating windows and predictable flows into cross-docking nodes, which support higher utilization and better driver rosters in organized fleets. Corridor-led connectivity also pulls more freight onto national highways, which increases demand for compliant vehicles and visibility tools that large shippers now treat as baseline. Over time, this focus on quality corridors will expand organized share as compliance requirements and service-level expectations continue to rise in key freight lanes.
Production Linked Incentive (PLI) Fueling Manufacturing Freight Demand
PLI approvals and ramp-ups across priority sectors have reinforced origin-destination pairs anchored in new and expanding manufacturing hubs. The result is a stronger pipeline of contract freight with tighter delivery windows and a higher share of value-sensitive loads that require tracked, damage-controlled movement in the India full truck load market[2]Press Information Bureau, 鈥淧roduction Linked Incentive Scheme with 鈧�1.91 Lakh Crore Outlay Drives Strong Industry Participation Across 14 Strategic Sectors,鈥� PIB, pib.gov.in. Automotive, electronics, and pharmaceuticals are driving more just-in-time and just-in-sequence shipments, which support premium yields for fleets that meet audit and compliance norms. These shifts also encourage redesigns of cross-docking and return-leg planning to maintain service while minimizing empty miles. As PLI-linked outputs scale, the balance of network density is moving from consumption-only metros to production-centric corridors, which improves backhaul planning for operators with multi-vertical exposure. Providers that invest in certification, handling protocols, and temperature control where needed are well-positioned to secure longer-term freight from anchor manufacturers.
PM Gati Shakti Phase II: Accelerating Integrated Logistics Corridors
Integrated planning under the national master plan aligns investments across transport modes and utility corridors, which supports contiguous freight pathways from factory to port. The program鈥檚 mapping and coordination framework helps de-risk route selection and project sequencing, which guides private operators as they add capacity in the India full truck load market. As ministries and states converge around corridor priorities, new freight nodes can emerge with better first-mile and last-mile road linkages, which lower handover frictions. The long-term effect is a logistics fabric where project design anticipates cross-modal flows and embeds operational access from the outset. With a continued public capex push, the benefits filter into improved predictability and lower logistics frictions that reinforce network planning discipline for organized fleets.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Fragmented Owner-Operator Structure Limiting Scale | -1.2% | National, acute in rural and tier-3 markets | Long term (鈮� 4 years) |
| Diesel Price Volatility Increasing Operating Costs | -0.9% | National, compounded in regions lacking direct refinery procurement | Short term (鈮� 2 years) |
| Limited Access to Affordable Fleet Financing | -0.7% | National, severe for operators with <5 vehicles | Medium term (2-4 years) |
| Infrastructure Bottlenecks in Secondary & Rural Routes | -1.1% | Rural India, North East, and districts lacking National Highway connectivity | Long term (鈮� 4 years) |
| Source: 黑料不打烊 | |||
Fragmented Owner-Operator Structure Limiting Scale
Atomization remains a structural drag since a large share of fleets operate fewer than five trucks, which limits bargaining power and credit access[3]NITI Aayog, 鈥淭ransforming Trucking in India, Pathways to Zero-Emission Truck Deployment,鈥� NITI Aayog, niti.gov.in. Small operators often lack telematics, route planning, and control-tower capabilities, which keeps empty return miles elevated and utilization below organized benchmarks in the India full truck load market. Shippers increasingly favor aggregators or integrated providers that deliver single-point accountability with audit-ready processes, which tilts contracted lanes toward organized networks. Operators with door-to-door service portfolios have been able to capture a larger share of high-yield freight, as seen in leading company disclosures. Consolidation through digital intermediaries and selective M&A is reshaping the upper tier, although the mid-market remains stretched between price pressure and compliance needs.
Diesel Price Volatility Increasing Operating Costs
Fuel accounts for a substantial portion of operating costs, and diesel鈥檚 exclusion from GST denies input tax credits for fleets, which raises effective per-kilometer costs. This tax structure amplifies volatility since price spikes flow straight into working capital needs for the India full truck load market Organized operators with owned or contracted fuel infrastructure can partially hedge this risk by securing supply at negotiated terms, which reduces exposure to retail price swings Fleet diversification into CNG and EV within city clusters provides compliance and cost optionality on restricted corridors, which helps protect service continuity during episodic curbs. Financing constraints for cleaner vehicles remain a barrier for small owners, which slows the practical pace of energy transition despite long-run interest from shippers.
Segment Analysis
By End User Industry: Manufacturing Dominates Through Dual Growth Levers
Manufacturing accounted for 30.45% of India's full truck load market share in 2025 and is projected to grow at a 9.46% CAGR through 2031. Production Linked Incentives boosted capacity in electronics, automotive, pharmaceuticals, and renewables, increasing contract volumes and premium shares in time-sensitive lanes. Specialized loads requiring GPS visibility and careful handling are growing, with operators focusing on certifications and device-enabled proof of delivery. Bulk-heavy sectors like steel and cement pressure margins, pushing carriers to integrate rail-road options to reduce costs and optimize capacity. Wholesale and retail trade contribute dense intercity flows, favoring efficient linehaul and dependable last-mile handovers. Agriculture and forestry add seasonal surges, benefiting carriers with flexible networks, while franchise models reduce capex. Oil, gas, and mining rely on secondary roads, where poor road quality raises costs. Construction demand aligns with public capex cycles, improving site access and reducing idling times.
Manufacturing鈥檚 scale anchors predictable dispatches, minimizing empty kilometers and driving technology adoption for compliance and rate premiums. Wholesale and retail trade support network density and backhaul options, balancing manufacturing outbound runs. Agricultural cargo requires flexible planning, rewarding carriers with dispatch intelligence. The industry leverages digital tendering and mobile tools to cut dwell times and paperwork, increasing vehicle turns within compliance limits. Asset-light models in specialist lanes combine owned, leased, and partner capacity for cost and coverage balance. Growing demand for value-added handling and in-transit updates enhances service quality and strengthens anchor account relationships. Over the forecast period, sustained PLI outcomes and corridor connectivity are expected to maintain manufacturing鈥檚 lead and improve utilization in organized networks.
Note: Segment shares of all individual segments available upon report purchase
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By Destination: Domestic Freight鈥檚 Commanding Share Masks International鈥檚 Hidden Upside
Domestic movement commanded 73.12% of India's full truck load market size in 2025 and remains the structural anchor for most fleets. International traffic, while smaller in share, is projected to grow at 8.76% through 2031, which outpaces the aggregate rate for the India full truck load market. Domestic flows benefit from corridor standardization and planning platforms that connect shippers, fleets, and regulators on a single view of shipments and documentation. This visibility supports faster gate movements and fewer compliance misses, which improve route productivity and reduce freight disputes in the India full truck load market The breadth of domestic lanes also provides a dense base to backstop international containerized movements that rely on reliable first-mile and last-mile trucking. Organized carriers leverage unified platforms and rule-based dispatch to balance trucks across peaks and troughs and protect service quality even as cross-border flows expand.
International lanes offer a higher share of value-added revenue from customs clearance, documentation, and export packing, which lifts realization per ton for providers that manage multimodal handoffs well. Network investments by leading operators in gateway markets and overseas subsidiaries strengthen coverage and enable time-definite cross-border products. As digital platforms tighten integration with ports and customs systems, documentation errors decline, and shipment cycles compress, which improves container dwell metrics and reduces demurrage risk for shippers. Domestic nodes that standardize container handling and railroad interfaces also support a larger funnel of inland containerized freight, which creates more predictable trucking demand on port feeders. The India full truck load industry is well-positioned to convert this into higher sustained utilization through better backhaul design and predictable appointment slots at terminals. Over time, consistent policy support, integrated digital rails, and steady expressway additions should keep the domestic share high while letting international lanes compound at a faster clip on top of that base.
Note: Segment shares of all individual segments available upon report purchase
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Geography Analysis
The India full truck load market is shaped by corridor density in western and northern belts, rising electronics and auto clusters in the south, and an improving but uneven access profile in the east and the Northeast. Access-controlled expressways and national highways are lifting effective speeds and reducing variability, which makes it easier to design reliable trucking windows into and out of major production hubs. As corridor segments open in phases, regional hubs around ports and industrial estates see earlier benefits through lower idling and more stable driver rosters. The India full truck load market also responds to node improvements with yard digitization and dock appointment tools that reduce queuing and improve handovers. Western and northern corridors benefit from stronger port linkages and automotive, chemicals, and engineering footprints that sustain high weekly dispatch rhythms. In this setting, organized carriers that combine lane expertise with cross-docking capacity can increase turns without compromising on compliance.
Southern corridors around Bengaluru, Chennai, and Hyderabad support higher shares of time-sensitive loads in electronics and automotive verticals. These hubs demand disciplined temperature control and in-transit visibility, which organized fleets deliver with calibrated processes and telematics. As more warehouses standardize dock process and yard management, the India full truck load market gains from faster turnaround and fewer exceptions in southern lanes. Corridor developments and city bypasses in the region continue to draw new capacity since they lower driver stress and reduce exposure to inner-city curbs. The interplay of specialized handling and predictable highway slots supports premium yields where providers match audit norms and proof-of-delivery requirements. With rising procurement of compliant vehicles and better maintenance practices, carriers in these hubs are building durable service reputations with anchor shippers.
Eastern India is improving from a lower base as freight demand grows around industrial clusters and consumption centers, but secondary roads remain a constraint away from national corridors. Organized providers expand via franchise and partner-led models to balance reach with capital efficiency in newer districts. Northeast connectivity gains are visible on key stretches, yet terrain and border-adjacent restrictions extend timelines for the Northeast and add compliance layers for operators. The India full truck load market adapts with specialized vehicles for hilly routes and tighter driver training to maintain safety and reliability. In states with better local road maintenance and truck parking, performance advantages show up in lower damage rates and better driver retention. Across regions, rising logistics digitization and standardized infrastructure will keep narrowing the gap between core corridors and feeder routes, which, over time, improves consistency of service and reduces hidden costs for shippers.
Competitive Landscape
The India full truck load market remains fragmented, with many fleets in the small owner-operator category, which dilutes negotiating power and slows technology adoption. Organized players differentiate on reliability, visibility, and service breadth, which attracts shippers that value audit-ready operations and exception resolution. Investments in telematics, route optimization, and data-driven planning underpin higher utilization and consistent on-time performance at scale. Large networks also use predictable dock appointments and electronic documentation to reduce dwell and minimize disputes during billing and reconciliation. As digital tendering spreads, organized providers can scale lanes faster and replicate process controls into newer nodes without diluting compliance. These differences have enabled larger fleets to command rate premiums in lanes where time-definite and damage-controlled movement is non-negotiable.
Strategic moves continue to reshape competitive positions at the top end of the India full truck load market. Delhivery expanded its network density and service breadth through the Ecom Express acquisition and quickly rationalized overlapping facilities while keeping key capacity in place. Allcargo Gati announced a general price increase to support fleet and technology investments, including the migration of core systems to cloud infrastructure to lift speed and resilience. Transport Corporation of India continues to position itself as an integrated solutions provider across modes, which enables multimodal handoffs and end-to-end control for enterprise accounts. Leading networks are also expanding city logistics and reverse logistics capabilities to capture e-commerce returns and omnichannel replenishment, which adds more frequent, smaller lots to the freight mix. These moves align with shipper demand for single-point accountability that covers the full shipment lifecycle.
Operational discipline separates consistent performers as they scale in the India full truck load market. VRL Logistics illustrates how fuel strategies and asset planning can hedge volatility, with owned or contracted fuel infrastructure helping stabilize operating costs and support predictable service. Fleets are also diversifying with CNG and EV vehicles for urban and peri-urban work to comply with local restrictions and cut exposure to diesel spikes. Digital platforms are reshaping procurement and dispatch with transparent pricing and real-time location data, which compresses the role of traditional brokers and makes performance more measurable for shippers. Larger carriers combine these tools with account management and SLA design to meet audit and compliance norms for regulated sectors. Over the forecast period, providers that sustain investments in people, processes, and platforms while balancing cost and control will consolidate share in high-compliance lanes and within enterprise portfolios.
India Full-Truck-Load (FTL) Industry Leaders
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ABC Express
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Abhi Impact Logistics
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Allcargo Logistics Ltd. (including Gati Express)
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BLR Logistiks
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CJ Darcl Logistics Limited
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- February 2026: Press Information Bureau confirmed that the Production Linked Incentive scheme generated over Rs 20.41 lakh crore in cumulative production or sales and Rs 8.3 lakh crore in exports as of December 31, 2025, supporting freight demand across automotive, electronics, pharmaceuticals, and solar PV.
- November 2025: Delhivery completed network rationalization of Ecom Express facilities acquired in July 2025, retaining core capacity while phasing out redundancies and keeping integration below initial estimates.
- September 2025: Allcargo Gati announced a general price increase effective January 1, 2026, to support fleet expansion, metro hub deployment, and a cloud migration program designed to improve system speed.
- July 2025: Delhivery completed the acquisition of Ecom Express Limited, adding parcel density and enabling adjacent financial and fuel services for network truckers through a dedicated subsidiary.
India Full-Truck-Load (FTL) Market Report Scope
The India Full Truck Load Market Report is Segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, and Others) and by Destination (Domestic, and International). The Market Forecasts are Provided in Terms of Value (USD).
End User Industry
| Agriculture, Fishing, and Forestry |
| Construction |
| Manufacturing |
| Oil and Gas, Mining and Quarrying |
| Wholesale and Retail Trade |
| Others |
Destination
| Domestic |
| International |
| End User Industry | Agriculture, Fishing, and Forestry |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others | |
| Destination | Domestic |
| International |
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Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is聽influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
- Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
- Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
| Keyword | Definition |
|---|---|
| Cabotage | Road transport by a motor vehicle registered in a country performed on the national territory of another country. |
| Cross Docking | Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name 鈥榗ross docking鈥� explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock. |
| Cross Trade | International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Dangerous Goods | The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It鈥檚 a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated 鈥渞eefer鈥� units) and can't carry oversized shipments (unlike flatbed trailers). |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters 鈥� a width beyond 2.33 meters 鈥� or a height beyond 2.59 meters. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Reverse Logistics | Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling 鈥榖ackward鈥� through the supply chain. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transport for hire or reward | The carriage for remuneration of goods. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
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- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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