The India freight transportation management market is expected to exhibit a CAGR of 12.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Freight transportation management helps in planning, executing, and optimizing the movement of goods between the supplier and consignee. It includes an integration of technology, expertise, and human resources that ensure expeditious coordination for maintaining the supply chain. Freight transportation management system offers several benefits in improving shipping efficiency, gaining real-time supply chain visibility, reducing overhead freight expenses, increasing customer satisfaction, etc. As a result, freight transportation management is widely utilized by manufacturers, distributors, retailers, and third-party logistics (3PL) providers across various industry verticals.
India Freight Transportation Management Market Trends:
The rising levels of industrialization due to the emergence of the 'Make in India' initiative are catalyzing the demand for freight transportation management across diverse industry verticals, such as pharmaceuticals, FMCG, automobiles, etc. Furthermore, the increasing adoption of tank wagons for supplying various industrial materials, such as oil and gas, refined petroleum products, chemicals, etc., are also augmenting the market for freight transportation management. Apart from this, the growing investments by the Indian government in the development of dedicated freight corridors (DFC) and upgradation of the existing transportation infrastructures in the country are further propelling the market. Additionally, the expanding e-commerce sector coupled with the increasing number of warehouses and storage facilities is also bolstering the market growth in India. Moreover, a significant rise in the bilateral trade activities with several nations is further catalyzing the need for efficient freight management systems to manage international inbound and outbound shipments. In recent times, the sudden outbreak of the COVID-19 pandemic in the country has positively influenced the market for freight transportation management for various essential healthcare products, such as PPE kits, oxygen concentrators, vaccines, etc. In the coming years, the rising integration of freight transportation systems with various advanced technologies, such as Artificial Intelligence, Global Positioning System (GPS), Internet-of-Things, etc., will continue to drive the market growth in India.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India freight transportation management market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on solutions, services, deployment type, organization size, mode of transport and vertical.
Breakup by Solutions:
- Freight Transportation Cost Management
- Freight Security and Monitoring Systems
- Freight Mobility Solutions
- Freight Operation Management Solutions
- Freight 3PL Solutions
- Freight Information Management Solutions
- Warehouse Management System
Breakup by Services:
Breakup by Deployment Type:
Breakup by Organization Size:
- Small Medium Business (SMBs)
- Large Business
Breakup by Mode of Transport:
Breakup by Vertical:
- Consumer and Retail
- Aerospace and Defense
- Pharmaceutical and Healthcare
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined with some of the key players being Accenture, Blue Yonder Group Inc. (Panasonic Corporation), BluJay Solutions Ltd., C.H. Robinson Worldwide Inc., Geodis, Manhattan Associates, Oracle, SAP, SAR Transport Systems India Private Limited and Softeon.
|Base Year of the Analysis
||Solutions, Services, Deployment Type, Organization Size, Mode of Transport, Vertical, Region
|| North India, West and Central India, South India, East India
||Accenture, Blue Yonder Group Inc. (Panasonic Corporation), BluJay Solutions Ltd., C.H. Robinson Worldwide Inc., Geodis, Manhattan Associates, Oracle, SAP, SAR Transport Systems India Private Limited and Softeon
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