Market Size of india full-truck-load (ftl) Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 113.17 Billion |
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Market Size (2030) | USD 187.84 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 8.81 % |
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Fastest Growing by End User Industry | Manufacturing |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Full Truckload Road Freight Transport Market Analysis
The India Full-Truck-Load (FTL) Market size is estimated at 113.17 billion USD in 2024, and is expected to reach 187.84 billion USD by 2030, growing at a CAGR of 8.81% during the forecast period (2024-2030).
113.17 Billion
Market Size in 2024 (USD)
187.84 Billion
Market Size in 2030 (USD)
7.34 %
CAGR (2017-2023)
8.81 %
CAGR (2024-2030)
Largest Market by Destination
73.60 %
value share, Domestic, 2023
Trucks carried most of India's goods, meeting 70% of domestic freight demand in 2022. The growing infrastructure in the country supports the domestic FTL market.
Largest Market by End User Industry
30.39 %
value share, Manufacturing, 2023
The manufacturing industry in India is estimated to reach USD 1 trillion by 2025, and the need for transporting raw materials and finished goods increases.
Fastest Growing Market by End User Industry
10.21 %
Projected CAGR, Manufacturing, 2024-2030
The future of the manufacturing segment is expected to be prominent as the government intends to ensure that manufacturing produces 25% of the nation's overall output by 2025.
Fastest Growing Market by Destination
9.05 %
Projected CAGR, International, 2024-2030
The future of the international FTL market in India is expected to grow as the country is focusing on reaching its USD 1 trillion export vision by 2030.
First Leading Market Player
0.46 %
market share, CJ Darcl, 2022
CJ Darcl has 174 branch offices and more than 5,000 locations nationwide. The company has more than 2 million square feet of warehousing space.
Manufacturing in India is emerging as a fast-growing sector due to the increasing investments and initiatives taken by the government
- Manufacturing in India has emerged as a fast-growing industry due to the rapidly increasing population in the country. Investments in the industry have increased, and initiatives like 'Make in India' aim to turn the country into a global manufacturing hub. For domestic and cross-border transportation of raw materials or finished goods, the majority of the manufacturing industries use trucks and trailers. The manufacturing industry in India is estimated to reach USD 1 trillion by 2025, and the need for transporting raw materials and finished goods increases. Automobile manufacturing is estimated to grow as several automakers have started investing heavily in various industry segments to keep up with the growing demand.
- The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. The wholesale and retail industry accounts for over 15% of the country's GDP and around 8% of the employment. FMCG, apparel & footwear, and consumer electronics are the largest retail segments, constituting 65%, 10%, and 9%, respectively, of the retail industry.
- The agricultural industry in India is also one of the largest contributors to the Indian economy, and it is expected to generate better momentum in the next few years due to increased investment in agricultural infrastructure. In the next five years, the central government plans to aim for USD 9 billion in investments in the fisheries as the government is targeting raising fish production to 220 lakh tons by 2024-2025. To maintain the supply chain and support the farmers in selling their perishable produce, the government has also rolled out a scheme for the creation of an integrated supply chain for fruits and vegetables in major cities.
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Understand The Key Trends Shaping This Market
India Full-Truck-Load (FTL) Industry Segmentation India Full Truckload Road Freight Transport Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination.
- Manufacturing in India has emerged as a fast-growing industry due to the rapidly increasing population in the country. Investments in the industry have increased, and initiatives like 'Make in India' aim to turn the country into a global manufacturing hub. For domestic and cross-border transportation of raw materials or finished goods, the majority of the manufacturing industries use trucks and trailers. The manufacturing industry in India is estimated to reach USD 1 trillion by 2025, and the need for transporting raw materials and finished goods increases. Automobile manufacturing is estimated to grow as several automakers have started investing heavily in various industry segments to keep up with the growing demand.
- The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. The wholesale and retail industry accounts for over 15% of the country's GDP and around 8% of the employment. FMCG, apparel & footwear, and consumer electronics are the largest retail segments, constituting 65%, 10%, and 9%, respectively, of the retail industry.
- The agricultural industry in India is also one of the largest contributors to the Indian economy, and it is expected to generate better momentum in the next few years due to increased investment in agricultural infrastructure. In the next five years, the central government plans to aim for USD 9 billion in investments in the fisheries as the government is targeting raising fish production to 220 lakh tons by 2024-2025. To maintain the supply chain and support the farmers in selling their perishable produce, the government has also rolled out a scheme for the creation of an integrated supply chain for fruits and vegetables in major cities.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Destination | |
| Domestic | |
| International |
Need A Different Region Or Segment?
India Full-Truck-Load (FTL) Market Size Summary
The India Full-Truck-Load (FTL) market is poised for significant growth, driven by the burgeoning manufacturing sector and the increasing demand for efficient transportation solutions. The manufacturing industry, bolstered by initiatives like 'Make in India', is rapidly expanding, necessitating robust logistics support for the movement of raw materials and finished goods. The automotive sector, in particular, is witnessing substantial investments to meet rising demand, further fueling the need for FTL services. Additionally, the retail industry, with its dynamic growth and substantial contribution to the GDP, relies heavily on road freight transport to distribute FMCG, apparel, footwear, and consumer electronics. The agricultural sector also plays a crucial role, with government initiatives aimed at enhancing supply chain infrastructure to support farmers in selling perishable produce. The road transportation sector, dominating both freight and passenger traffic, is supported by government and private investments, increasing interstate movement, and rising disposable incomes, making it a pivotal component of India's economic landscape.
Despite the promising growth prospects, the FTL market faces challenges, particularly from rising fuel costs, which significantly impact operational expenses. The fragmented nature of the market, with major players like CJ Darcl, Delhivery Limited, and Transport Corporation of India Limited, highlights the competitive landscape. Recent developments, such as the deployment of zero-emission trucks and partnerships for integrated logistical solutions, indicate a shift towards sustainable and efficient transport solutions. However, the market's growth trajectory is influenced by external factors, including global crude oil prices and domestic fuel demand, which can affect pricing and economic recovery. As India continues to enhance its infrastructure and streamline logistics operations, the FTL market is expected to play a crucial role in supporting the country's economic growth and global trade ambitions.
India Full-Truck-Load (FTL) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Destination
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1.2.1 Domestic
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1.2.2 International
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India Full-Truck-Load (FTL) Market Size FAQs
How big is the India Full-Truck-Load (FTL) Market?
The India Full-Truck-Load (FTL) Market size is expected to reach USD 113.17 billion in 2024 and grow at a CAGR of 8.81% to reach USD 187.84 billion by 2030.
What is the current India Full-Truck-Load (FTL) Market size?
In 2024, the India Full-Truck-Load (FTL) Market size is expected to reach USD 113.17 billion.
