India Cargo Handling and Transport Market Size, Share & Forecasts, 2019-2023: Radiant Insights, Inc

The industry research publication titled ‘India Cargo Handling and Transport Industry Outlook to 2019 - Aided by Infrastructure Development’ presents a comprehensive analysis of market size by volume and value of major segments of cargo including Road, Rail, Water and Air in India. The report entails the market share analysis and company profiles of major players in the cargo transport industry. The future analysis has also been discussed in each sub-industry.

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The economy of India has more than doubled since the last decade which is supported by growing contribution of foreign trade. Foreign trade represented 20% of the country’s Gross Domestic Product (GDP) in 2000, which increased to 42% in 2012. This development has been accompanied by a phenomenal rise in the volume of freight traffic movement. Being one of the largest consumer markets in the world, India’s logistics sector is driven by industries such as automobile, pharmaceuticals, Fast-moving consumer goods (FMCG) and retail. Furthermore, the government of India lays emphasis on increasing manufacturing and exports which have made logistics an imperative sector to achieve the desired levels of development foreseen for the country.

The strong relationship between domestic and international trade and logistics infrastructure is widely accepted. While growth in trade stimulates the requirement for supporting infrastructure, availability of infrastructure at competitive rates promotes trade and improves global competitiveness of a country. In developing countries such as India, an efficient logistics infrastructure can reduce cost of transportation which in turn can contribute directly to economic development. However, India lags behind several other countries in the global setup in terms of logistics infrastructure and services. Inadequate infrastructure is the major bottleneck impacting the development of logistics and the efficient movement of cargo in the country.

The Domestic Cargo Transport Industry in India comprises of several modes including Roadways, Railways, Inland Waterways, Coastal Shipping and Airways, whereas transportation of goods to and from foreign territories is largely done through seaways and airways. The industry has grown manifold both in terms of value and volume on account of intensifying industrial and manufacturing activities, in addition to increasing consumption of commodities. Additionally, since the industry is gradually dealing with and surpassing its shortcomings, it is bound to come closer to the realization of its potential in the future. The same in turn will not only augment the competitiveness of the country, but will also create more opportunities for domestic businesses and foreign enterprises operating in India.

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The road freight industry in India is highly unorganized with several small players operating in the industry. It was estimated that the organized sector accounted for a ~% in the revenue of the road freight industry in India, with INR ~ million generated as income by the players in the organized segment of the industry. On the other hand, the INR ~ million domestic air cargo transport industry is composed of Indian carriers and is largely dominated by private airlines. IndiGo is the market leader with a share of ~% in FY’2009 and expanded its presence to ~% of the total volume of air cargo carried by Indian carriers domestically in FY’2014

The cargo transport industry of India witnessed the transportation of ~ million tons of cargo in FY’2014, increasing from ~ million tons in FY’2009, growing at a CAGR of 6.1% during the period. The government of India is likely to enhance investments in the logistics sector in the form of Dedicated Freight Corridors (DFCs), simplification of tax structure, development of national highways, expanding the reach of the railways and port infrastructure development, which will play a central role in the future of the industry. However, fluctuating fuel prices will continue being an important determinant of the profitability of the companies operating in the sector.