Close X
Saturday, October 24th, 2020

India Digital Freight Brokerage Market Future Outlook & Projections

INVC NEWS       

New Delhi,
 

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” provides a comprehensive analysis on the status of truck aggregators in India. The report covers various aspects including the current road logistics scenario, pain points in India road logistics market, digital freight brokerage market size & market segmentations, demand analysis for truck aggregators, supply ecosystem for truck aggregators, challenges faced by digital freight brokerage companies, role of government in India digital freight brokerage market, trends & developments, funding wave in India digital freight brokerage market, competitive landscape and interview with  Founders of Porter, Truck Suvidha & Let’s Transport. The report concludes with market projections for future of the industry including forecasted industry size by revenue with recommended market penetration strategies for a new entrant.

India Digital Freight Brokerage Market Overview and Size

India Digital Freight Brokerage market has witnessed a phenomenal double digit CAGR growth during FY’2016- FY’2020P due to the rise in internet penetration in India, shift towards digitalization of trucking industry due to enhanced efficiency & better truck utilization. Also, support from government, rise in road infrastructure projects, rise in sales of trucks, rise in road freight market of India stimulated the growth in the market.

India Digital Freight Brokerage Market Segmentation

By Confinement (Intercity & Intracity): Market is dominated by intercity movements in FY’2020P since most of the industries prefer intercity movements due to their distribution need across the country.

By Carrier Options (FTL, PTL & LTL): FTL dominated the market due to better efficiency and truck utilization provided by it and also most of the enterprises have full truck load requirements. LTL is the least preferred category due to less efficiency provided by it and costing more to the shippers.

By Type of Operating Model (Spot Based, Loadboard, Contract Based): Contract Based contributes the largest revenue share among these operating models in FY’2020P, since it is preferred by most of the large enterprises due to their regular logistics need.

By Type of Revenue Model (Commission Based & Subscription Based): Commission Based is the most preferred revenue model in FY’2020P since it is dependent on the logistics requirements of shippers, providing revenue with each booking.

By Type of End Users (B2B & B2C): In FY’2020P, B2B dominates the market on the basis of type of end users since they have high logistics requirements.

Intercity By End Users: FMCG industry leads in terms of number of bookings made in intercity movements in FY’2020 since they have high volume distribution needs across the country.

Intracity By End Users: Logistics is dominating the intracity market with high number of bookings since many logistics companies avail online truck aggregators’ services due to not being able to cater their services.

Intracity By Type of Trucks: On the basis of number of bookings, Between 6-8ft trucks dominate the market in intracity movements in FY’2020P.

Intercity By Type of Trucks: Most of the bookings in intercity movements come for trucks with loading capacity above 28MT in FY’2020P.

Competitive Landscape of Major Players Operating in the India Digital Freight Brokerage Market

Competition within the market is fragmented due to the presence of 20-25+ players, each capturing very low share. The market is led by major players namely Blackbuck, Porter, Let’s Transport, Blowhorn, Truckola, Trukky and others. The companies in the market compete on the basis of number of shippers, number of trucks on board, number of carriers associated, technology used, facilities & services provided to both shippers & truck drivers.

India Digital Freight Brokerage Market Future Outlook & Projections:

Digital freight brokerage market is expected to grow with positive growth in the forecasted period of FY’2020P-FY’2025. The market is expected to consolidate in future with the major players capturing substantial share in the market. The growth of the market will be impacted shortly due to the outbreak of corona virus but it is expected to get back on track and grow in the forecast period.

Comments

CAPTCHA code

Users Comment