India's freight transportation market is set to grow at a 12% CAGR from 2021-2026, driven by e-commerce and government investments.
According to the latest report by IMARC Group, titled “India Freight Transportation Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the india freight transportation management market exhibited strong growth during 2015-2020 and expects the market to grow at a CAGR of 12% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Freight transportation management aids in planning, optimizing, and executing the movement of goods between the supplier and the consignee. This includes the integration of technology, expertise, human resources, etc., to facilitate coordination for maintaining the supply chain. Freight transportation management systems improve shipping efficiency, reduce overhead freight expenses, provide real-time supply chain visibility, etc. Owing to this, they are extensively used by manufacturers, retailers, distributors, third-party logistics (3PL) providers, etc., across various industry verticals, including pharmaceuticals, automobiles, FMCG, etc.
The emergence of the ‘Make in India’ initiative and the elevating levels of industrialization are strengthening the market for freight transportation management. Moreover, the rising adoption of tank wagons to supply different industrial materials, including refined petroleum products, oil and gas, chemicals, etc., are also augmenting the product demand. Additionally, the growing investments by the Indian government for developing dedicated freight corridors (DFC) and upgrading the existing transportation infrastructures are acting as another growth-inducing factors. Besides this, the sudden outbreak of the COVID-19 pandemic is catalyzing the demand for transportation of PPE kits, vaccines, oxygen concentrators, etc., thereby bolstering the market growth. Furthermore, the expanding e-commerce sector, along with the increasing number of warehouses and storage facilities, is expected to bolster the India freight transportation market over the forecasted period.
India Freight Transportation Management Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the india freight transportation management market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the india freight transportation management market on the basis of solutions, services, deployment type, organization size, mode of transport, vertical and region.
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:
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Key highlights of the report:
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The article discusses the growth and trends in India's freight transportation management market from 2021 to 2026.
Key drivers include government investments, e-commerce expansion, and the COVID-19 pandemic's impact on logistics.
Major players include Accenture, Oracle, and C.H. Robinson Worldwide Inc.
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