The India Road Freight Transport Market Report is Segmented by End User Industry (Manufacturing, and More), Destination (Domestic and International), Truckload Specification (FTL and LTL), Distance (Long Haul and Short Haul), Goods Configuration (Fluid Goods and Solid Goods), Temperature Control (Non-Temperature and Temperature Controlled), and by Containerization. The Market Forecasts are Provided in Terms of Value (USD).

The India Rail Freight Transport Market Report is Segmented by Service Type (Transportation and Services Allied To Transportation), by Cargo Type (Containerized, Non-containerized/Bulk and Liquid Bulk), and by Destination (Domestic and International). The Market Forecasts are Provided in Terms of Value (USD).

Unlock data-backed intelligence on North America Vegan Food Market size at USD 110 billion in 2023, showcasing key trends and growth opportunities.

In financial year 2020, the size of road logistics market in India stood around *** billion US dollars, with the majority on intercity roads with a market share of ** percent. This was a decrease in comparison with the previous year, mainly due to the impact of the coronavirus pandemic. The compound annual growth rate between financial year 2019 to 2025 was estimated to reach around ***** percent.

The size of the road logistics market in India more than doubled from *** trillion Indian rupees in financial year 2020, to around *** trillion rupees in 2022. Such growth will be driven by factors such as the rapid expansion of the e-commerce sector and the growth of the retail sales market, among many other factors. E-commerce in India With the exponential growth of internet penetration rate and online infrastructure in India, along with the impact of the coronavirus pandemic, the e-commerce market has experienced a great boost. The expansion was not only limited to the online retail sector, but even more, new developments in niche markets such as food delivery services, online grocery shopping and online ticketing services were also present. The online retail market is dominated by Amazon India and Flipkart. Digitization made huge leaps, partially due to the Digital India initiative including other policies by the government. Commercial vehicles in India As more than half of the freight movement across India is via road, commercial vehicles are a vital pillar for India’s logistics industry. Commercial vehicles in the country are segmented by the gross vehicle weight into light commercial vehicles, and medium and heavy commercial vehicles. The former, has a gross weight of less than *** metric tons, dominating the market. It also reflects on the fact that within the road logistics market, the inter-city road logistics spending in India accounted for the majority of the total road logistics spending. Inter-city transport requires small and nimble vehicles, especially because Indian cities predominantly have narrow streets.

India Road Freight Transport Market size was valued at USD 153.9 Billion in 2024 and is projected to reach USD 436.5 Billion by 2032, growing at a CAGR of 8.95% from 2026 to 2032.Key Market Drivers:Growing E-commerce and Retail Expansion: The rapid growth of e-commerce in India, fueled by companies such as Amazon, Flipkart, and Reliance Retail, has greatly increased demand for road freight transportation. With increasing internet usage and digital payments, e-commerce sales are estimated to exceed USD 200 billion by 2026, necessitating a robust logistics network.Government Investments in Road Infrastructure: The Indian government's Bharatmala Pariyojana, which aims to build 34,800 kilometres of highways, is improving road connectivity and cutting transit times. Improved expressways, such as the Delhi-Mumbai Expressway and the Chennai-Bengaluru Expressway, enable speedier transportation of products while cutting logistics costs. Investing in multimodal logistics parks and dedicated freight corridors improves the efficiency of India's road freight network.

India Rail Transport Market is projected to reach USD 23.0 Billion by 2034, growing at a CAGR of 4.3% during the forecast period, driven by infrastructure upgrades and increasing passenger demand.

The India Full-Truck-Load (FTL) Market Report is Segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, and Others), and Destination (Domestic and International). The Market Forecasts are Provided in Terms of Value (USD).

The India Rail Freight Transport Market Size was valued at USD 60.66 Billion in 2024 and is projected to reach USD 94.66 Billion by 2032, growing at a CAGR of 5.7% from 2026 to 2032.

Key Market Drivers: • Infrastructure and Network Expansion: The Indian Railways has greatly increased its network and infrastructure capacity. According to the Ministry of Railways’ Annual Report 2022-23, the overall track length expanded to 68,043 km, with 6,087 km of rail electrification completed in 2021-22 alone. The Dedicated Freight Corridors (DFCs) project costs ₹95,238 crore and aims to boost freight capacity by 144%.

• Industrial Growth and Manufacturing Output: The rising manufacturing sector has a direct influence on rail freight demand. According to India’s Ministry of Statistics and Programme Implementation (MOSPI), the Index of Industrial Production (IIP) increased by 5.8% in 2022–23.

India Intelligent Transportation System Market is projected to reach USD 3,258.57 million by 2033, growing at a CAGR of 9.87% from 2025-2033.

The India Freight and Logistics Market Report is Segmented by Logistics Function (Courier Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage, and Other Services), and by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, and Others). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Indian Part Truck Load (PTL) market! Our analysis reveals a CAGR exceeding 4%, driven by e-commerce and manufacturing growth. Learn about key players, market segments, and future trends shaping this dynamic sector. Recent developments include: September 2023: Shreeji Translogistics Limited (STL) one of the large integrated national logistical solution providers in India, has entered into contract with DHL Express (India) Pvt. Ltd. for providing courier cargo under bonded trucking services.August 2023: Transport Corporation of India (TCI) has committed to deploy zero-emission trucks over the next 18-24 months to run on India’s first zero-emission road freight cluster as announced by NITI Aayog in collaboration with WRI India and the World Economic Forum.August 2023: Delhivery Ltd had entered into a contract to build and operate the factory-to-customer supply chain for Havells India Ltd. in western India.. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

In financial year 2023, the road transport segment dominated the logistics market in India, with ** percent of the market size. It was followed distantly by the rail transport segment with ** percent of the market size. The logistics market in India was around **** trillion Indian rupees during the same year.

India Partial Truck Load Market size is valued at around USD 23,324.24 million in 2025 and is projected to reach USD 37,029.90 million by 2030 at 9.7% CAGR

Discover the booming India Rail Freight Transport Market! Explore market size, CAGR, key players (Indian Railways, Transvoy Logistics, etc.), and future trends in this dynamic sector. Learn about opportunities within containerized freight, liquid bulk transport, and domestic/international segments. Recent developments include: October 2022 - Indian Railways finalizes tender to procure 90,000 freight wagons by 2025. The investment will be around INR 1 trillion. The tender notice for the procurement of 90,000 wagons was floated in March 2022., June 2022 - The World Bank's Board of Executive Directors approved a USD 245 million loan to support India's efforts to modernize rail freight and logistics infrastructure. The Rail Logistics project will help India shift more traffic from road to rail, making transport-both freight and passenger-more efficient and, reducing millions of tons of greenhouse gas emissions (GHG) each year. The project will also incentivize more private-sector investment in the railway sector.. Key drivers for this market are: 4., Rise In Agriculture Sector and Food Industry4.; Rise In Pharmaceutical Industry. Potential restraints include: 4., Cost Constraints4.; Infrastructure Accessibility. Notable trends are: Digitization in Railways have increased the dependency on rail freight transport.

Discover the booming Indian freight transport market! This analysis reveals key trends, growth drivers, market segmentation (FTL, LTL, temperature control, etc.), and leading players impacting this multi-billion dollar industry projected for significant growth through 2033. Explore regional market shares and discover investment opportunities. Recent developments include: October 2023: CJ Darcl Logistics, a diversified logistics company, and Tata Motors signed a memorandum of understanding (MoU) to strengthen CJ Darcl’s fleet of vehicles and explore options of logistics services.September 2023: Shreeji Translogistics Limited (STL) one of the large integrated national logistical solution providers in India, has entered into contract with DHL Express (India) Pvt. Ltd. for providing courier cargo under bonded trucking services.August 2023: Maersk is expanding its fleet of electric vehicles to over 500 for deployment across 26 cities covering first, middle, and last-mile distribution for one of the top e-commerce platforms in India. The expansion ties with Maersk’s ambition to become net zero across businesses and provide customers with 100% green solutions by 2040.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

India transportation management system market size reached USD 339.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 653.2 Million by 2033, exhibiting a growth rate (CAGR) of 6.75% during 2025-2033. The increasing growth of e-commerce and the shift toward omnichannel retailing, which have intensified the demand for robust transportation management system solutions, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on transportation mode, offering, deployment type, and application.

The size of the India Road Freight Transport Market market was valued at USD 51139.4 Million in 2023 and is projected to reach USD 65063.60 Million by 2032, with an expected CAGR of 3.50% during the forecast period. Recent developments include: March 2021: SAP SE declared their collaboration with Sedna Systems. As part of this agreement, the businesses will integrate SAP TMS with the email management and team collaboration tools from Sedna Systems., February 2022: Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) has new logistics management features that Oracle released. The company has released an update for Oracle Fusion Cloud Transportation Management, which can assist businesses in cutting expenses and risk, enhancing customer satisfaction, and strengthening their ability to bounce back from setbacks. As a result, the business will be able to draw in more clients from the market with this.. Notable trends are: Growing need for rail freight transport is driving the market growth.

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Road Freight Transport Market Size 2025-2029

The road freight transport market size is forecast to increase by USD 204.4 billion, at a CAGR of 8.1% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the burgeoning e-commerce sector. The increasing reliance on online shopping is leading to a surge in demand for efficient and reliable road freight services. Another key trend shaping the market is the adoption of advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), in freight forwarding. These technologies enable more accurate forecasting of demand, optimized route planning, and improved supply chain visibility. However, the market is not without challenges. High fuel and transportation costs remain a significant obstacle for freight forwarders. These costs can significantly impact profitability and put pressure on companies to find ways to reduce expenses. Additionally, the increasing complexity of global supply chains and the need for real-time visibility and responsiveness add to the challenges faced by market participants. To capitalize on the opportunities presented by the growing e-commerce market and navigate the challenges effectively, companies must focus on optimizing their operations, leveraging technology, and building strong partnerships with suppliers and customers.

What will be the Size of the Road Freight Transport Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the integration of advanced technologies and shifting market dynamics. Real-time GPS tracking and vehicle telematics enable enhanced fleet management, optimizing fuel efficiency and reducing operational costs. Autonomous vehicles and machine learning algorithms are revolutionizing the industry, offering increased productivity and improved safety. Dock scheduling and freight claims are streamlined through digital freight forwarding, ensuring seamless supply chain visibility and logistics management. Refrigerated trailers and temperature control solutions cater to the unique needs of specific sectors, while hazardous materials transportation adheres to stringent regulations. Last-mile delivery and less-than-truckload freight consolidation are gaining traction, addressing the challenges of urban logistics and optimizing capacity utilization. Rail freight and intermodal transportation provide alternative solutions for long-haul shipments, reducing carbon footprint and improving sustainability. Tank trailers, alternative fuels, and electric vehicles are shaping the future of road freight, with a focus on reducing fuel consumption and addressing environmental concerns. Pricing strategies and multimodal transportation continue to evolve, ensuring competitiveness and flexibility in the market. Capacity constraints and partial truckload solutions are addressed through contract negotiation and route optimization, while risk management and cargo insurance provide peace of mind for shippers and carriers alike. Yard management, driver management, and fleet management solutions streamline operations, ensuring optimal performance and productivity. The market is a dynamic and ever-changing landscape, with ongoing advancements in technology and market trends shaping its future. From GPS tracking and fuel efficiency to autonomous vehicles and digital freight forwarding, the industry continues to innovate and adapt to meet the evolving needs of businesses and consumers.

How is this Road Freight Transport Industry segmented?

The road freight transport industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Vehicle TypeLCVMCV and HCVEnd-userManufacturingAutomotiveConsumer goodsFood and beverageOthersDestinationDomesticInternationalDomesticInternationalTruckload SpecificationFull-Truck-Load (FTL)Less than-Truck-Load (LTL)Full-Truck-Load (FTL)Less than-Truck-Load (LTL)GeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Vehicle Type Insights

The lcv segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth and transformation, driven by various factors. Driver shortages persistently challenge the industry, necessitating the adoption of technologies such as real-time tracking and vehicle telematics for efficient driver management. Digital freight forwarding and customs brokerage streamline the supply chain, enhancing logistics management and visibility. Temperature control and hazardous materials transportation continue to be critical sectors, with refrigerated t

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Public Transportation Market Size 2025-2029

The public transportation market size is forecast to increase by USD 110.9 billion at a CAGR of 6.4% between 2024 and 2029.

Increasing domestic trips for public transportation is the key driver of the public transportation market, as more people rely on efficient and affordable transport options for their daily commutes. The upcoming trend is the development of hyperloop transportation systems. With the potential to revolutionize travel, these high-speed, energy-efficient systems promise to significantly reduce travel times, offering a futuristic solution to meet growing transportation demands and contribute to sustainable urban mobility.
The market is witnessing significant growth due to several key factors. One major trend is the increasing demand for domestic trips, which is driving the need for efficient and affordable public transportation solutions. Another trend is the development of advanced transportation systems, such as hyperloop, that offer faster and more sustainable options for travel. Additionally, the availability of alternatives, such as ride-hailing services and car sharing, is pushing public transportation providers to adapt and innovate to remain competitive. 

What will be the Size of the Public Transportation Market During the Forecast Period?

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The market is experiencing significant growth due to urbanization and increasing population density. Mass transportation systems, including public buses, subways, taxis, auto rickshaws, and rail transportation, are essential in mitigating traffic congestion and reducing greenhouse gas emissions. Environmental concerns and air quality issues have led to the adoption of green technologies such as electric buses, hybrid vehicles, and high-speed trains.
Moreover, the rise of smart cities and digitization has transformed the industry, with mobility apps, third-party platforms, and ride-sharing services becoming increasingly popular. The road transportation system continues to face challenges in terms of traffic congestion and environmental impact, making public transportation an attractive alternative for commuters. The market is expected to continue growing as the need for sustainable and efficient mobility solutions becomes more pressing.

How is this Public Transportation Industry segmented and which is the largest segment?

The public transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Bus
  Metro
  Suburban rail
  Light rail transit


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By Type Insights

The bus segment is estimated to witness significant growth during the forecast period. Public transportation, specifically bus systems, plays a crucial role in urban areas by providing an efficient, cost-effective, and flexible solution for moving people and goods. Bus transportation systems encompass various designs, services, and integration levels with other modes of transportation. The demand for fast and convenient transportation in cities, with their high volume of educational institutions and businesses, necessitates the use of high-capacity solutions like buses. Effective bus transportation is essential to the functioning of urban areas.

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The bus segment was valued at USD 168.60 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is projected to lead the global industry due to increasing urbanization, population growth, and the need for efficient transportation systems to reduce traffic and emissions from private vehicles. This region's market expansion is driven by significant investments in public transport infrastructure, rising disposable income, and the growing number of tourists. Furthermore, environmental concerns have led countries such as Japan, China, South Korea, India, and others to adopt electric buses for their public transportation systems. The increasing use of smartphones and internet connectivity also contribute to the market's growth in APAC.

Public Transportation Market Dynamics

Our public transportation market rese