The India freight transportation management market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12% during 2021-2026. 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 on different end use industries. 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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India freight transportation management market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, solutions, services, deployment type, organization size, mode of transport and vertical.
Breakup by Solutions:
Breakup by Services:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by Mode of Transport:
Breakup by Vertical:
Breakup by Region:
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||2020|
|Segment Coverage||Solutions, Services, Deployment Type, Organization Size, Mode of Transport, Vertical, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
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