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India Road Freight Transport Market Size

The India Road Freight Transport Market is poised for significant growth, driven by the expanding demand for manufactured goods and the increasing consumption of retail products. The market's expansion is further fueled by the rise of e-commerce and the dynamic nature of the retail industry, which is attracting new players and foreign investment. As India's economy continues to grow, the need for efficient road freight services to transport raw materials and finished goods becomes more critical. The positive outlook for the market is supported by favorable demographics, rising income levels, and the establishment of manufacturing plants by leading global brands in various sectors.

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Market Size of india road freight transport Industry

India Road Freight Transport Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 140.26 Billion
svg icon Market Size (2030) USD 236.29 Billion
svg icon Largest Share by End User Industry Wholesale and Retail Trade
svg icon CAGR (2024 - 2030) 9.08 %
svg icon Fastest Growing by End User Industry Wholesale and Retail Trade
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Road Freight Transport Market Analysis

The India Road Freight Transport Market size is estimated at 140.26 billion USD in 2024, and is expected to reach 236.29 billion USD by 2030, growing at a CAGR of 9.08% during the forecast period (2024-2030).

140.26 Billion

Market Size in 2024 (USD)

236.29 Billion

Market Size in 2030 (USD)

7.54 %

CAGR (2017-2023)

9.08 %

CAGR (2024-2030)

Largest Market by Distance

75.03 %

value share, Long Haul, 2023

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Various initiatives are underway in India to improve long-haul trucking, such as technological solutions that can improve the fuel economy of trucks.

Largest Market by Goods Configuration

72.99 %

value share, Solid Goods, 2023

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The solid goods segment dominates the fluid goods segment as machinery and transport equipment have been one of the major export categories in India, contributing to its growth.

Largest Market by End User Industry

30.92 %

value share, Wholesale and Retail Trade, 2023

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The rise of e-commerce is driving the demand for road freight in the country. In 2022, the e-commerce sector experienced a YoY growth of 4.3%, reaching USD 57.45 billion.

Fastest Growing Market by Truckload Specification

10.17 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

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In 2022, small fleet operators, which dominate the domestic LTL market and own about 5-20 five trucks, drove 85% of India's logistics needs.

First Leading Market Player

0.41 %

market share, CJ Darcl, 2022

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CJ Darcl has 174 branch offices and more than 5,000 locations nationwide. The company manages more than 2 million square feet of warehousing space.

India’s manufacturing sector is expected to grow to USD 1 trillion by 2025 and drive the growth of the market

  • As the Indian economy grows, there is an increase in the demand for manufactured goods, which leads to a higher need for road freight services to transport raw materials and finished goods. Moreover, manufacturing exports had their biggest year ever at USD 447.46 billion, growing 6.03% in FY23 over last year's record-breaking figure of USD 422 billion. In FY23 (until September 2022), exports of the top 10 major commodities stood at USD 187.2 billion.
  • The expanding middle-class population in India led to increased consumption of retail products, necessitating more road freight services. Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. The rise of e-commerce is also driving the demand for road freight services in the country. In addition, the Indian e-commerce industry is projected to record a CAGR of 14.11% during 2023-2027.
  • The future of the wholesale and retail trade segment is expected to be outstanding as India's retail industry is projected to grow at a pace of 9% over 2019-2030, from USD 779 billion in 2019 to USD 1,407 billion by 2026 and more than USD 1.8 trillion by 2030. The long-term future for the industry looks positive, supported by rising income, favorable demographics, entry of foreign players, and increasing urbanization. Moreover, rising production and exports are expected to support the manufacturing end-user segment. India is one of the top destinations for foreign investment in the manufacturing industry. Many leading brands in the mobile phone, luxury, and automotive sectors have established or are planning to set up their manufacturing plants in India. India’s manufacturing sector is expected to grow to USD 1 trillion by 2025.
India Road Freight Transport Market

India 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. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.

  • As the Indian economy grows, there is an increase in the demand for manufactured goods, which leads to a higher need for road freight services to transport raw materials and finished goods. Moreover, manufacturing exports had their biggest year ever at USD 447.46 billion, growing 6.03% in FY23 over last year's record-breaking figure of USD 422 billion. In FY23 (until September 2022), exports of the top 10 major commodities stood at USD 187.2 billion.
  • The expanding middle-class population in India led to increased consumption of retail products, necessitating more road freight services. Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. The rise of e-commerce is also driving the demand for road freight services in the country. In addition, the Indian e-commerce industry is projected to record a CAGR of 14.11% during 2023-2027.
  • The future of the wholesale and retail trade segment is expected to be outstanding as India's retail industry is projected to grow at a pace of 9% over 2019-2030, from USD 779 billion in 2019 to USD 1,407 billion by 2026 and more than USD 1.8 trillion by 2030. The long-term future for the industry looks positive, supported by rising income, favorable demographics, entry of foreign players, and increasing urbanization. Moreover, rising production and exports are expected to support the manufacturing end-user segment. India is one of the top destinations for foreign investment in the manufacturing industry. Many leading brands in the mobile phone, luxury, and automotive sectors have established or are planning to set up their manufacturing plants in India. India’s manufacturing sector is expected to grow to USD 1 trillion by 2025.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination
Domestic
International
Truckload Specification
Full-Truck-Load (FTL)
Less than-Truck-Load (LTL)
Containerization
Containerized
Non-Containerized
Distance
Long Haul
Short Haul
Goods Configuration
Fluid Goods
Solid Goods
Temperature Control
Non-Temperature Controlled
Temperature Controlled
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India Road Freight Transport Market Size Summary

The India Road Freight Transport Market is poised for significant growth, driven by the expanding economy and increasing demand for manufactured goods. This surge in demand necessitates enhanced road freight services for the transportation of raw materials and finished products. The burgeoning middle class and the dynamic retail industry, bolstered by the rise of e-commerce, further amplify the need for robust road freight solutions. The sector's growth is supported by favorable demographics, foreign investments, and urbanization, with the manufacturing end-user segment benefiting from rising production and exports. The logistics sector plays a crucial role in facilitating the movement of goods both domestically and internationally, with road transportation dominating the freight and passenger traffic landscape.

Despite challenges such as rising fuel costs and inflation, which impact operational expenses, the road freight transport market in India remains fragmented with key players like CJ Darcl, Delhivery Limited, GEODIS, Mahindra Logistics Ltd., and VRL Logistics Ltd. actively shaping the industry. Recent strategic partnerships and expansions, such as CJ Darcl's collaboration with Tata Motors and Maersk's fleet expansion of electric vehicles, highlight the sector's commitment to innovation and sustainability. The government's support through policies like 100% FDI in the roads and highway sector further bolsters the market's growth prospects, ensuring that India continues to be a pivotal player in the global logistics and transportation arena.

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India Road Freight Transport Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Destination

      1. 1.2.1 Domestic

      2. 1.2.2 International

    3. 1.3 Truckload Specification

      1. 1.3.1 Full-Truck-Load (FTL)

      2. 1.3.2 Less than-Truck-Load (LTL)

    4. 1.4 Containerization

      1. 1.4.1 Containerized

      2. 1.4.2 Non-Containerized

    5. 1.5 Distance

      1. 1.5.1 Long Haul

      2. 1.5.2 Short Haul

    6. 1.6 Goods Configuration

      1. 1.6.1 Fluid Goods

      2. 1.6.2 Solid Goods

    7. 1.7 Temperature Control

      1. 1.7.1 Non-Temperature Controlled

      2. 1.7.2 Temperature Controlled

India Road Freight Transport Market Size FAQs

The India Road Freight Transport Market size is expected to reach USD 140.26 billion in 2024 and grow at a CAGR of 9.08% to reach USD 236.29 billion by 2030.

In 2024, the India Road Freight Transport Market size is expected to reach USD 140.26 billion.

India Road Freight Transport Market Report Snapshots

India Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030