Road Haulage Market Segmentation:
Type Segment Analysis
Domestic road haulage segment is projected to dominate over 56% road haulage market share by 2035. The segment growth can be impelled by the growing emphasis on ensuring that express parcels are timely delivered while enhancing operational efficiency. Also, domestic deliveries are more economical as compared to international deliveries, thereby spurring the growth of the domestic segment.
As per Indian government, each year, India handles 4.6 billion tonnes of goods with an overall annual cost of INR 9.5 lakh crore. These products represent a variety of domestic industries and products: 22 % are agricultural products, 39 % are mining products, and 39 % are manufacturing related commodities.
Moreover, due to the lesser distances involved and their experience with local road networks, domestic road haulage businesses can offer delivery services that are more prompt and effective than those provided by international road haulage companies. This is crucial for firms that must deliver goods swiftly and consistently, including e-commerce stores and food delivery services, thus propelling the segment’s growth within the market.
Application Segment Analysis
Application segment in the road haulage market is poised to observe lucrative growth till 2035. The food & beverage industry requires effective haulage services due to the growing demand for perishable and fresh items. The market demand in this industry is being driven by the expansion of retail chains and the growth of the processed food sectors.
An important factor driving this segment is the introduction of strict laws pertaining to the secure transportation of food items. As observed by Research Nester analysts, in the United States, fresh fruit and vegetable sales increased by almost 20 % between 2019 and 2022, reaching almost 76 billion dollars.
Our in-depth analysis of the market includes the following segments:
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