Market Size of india full-truck-load (ftl) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 113.17 Billion |
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Market Size (2030) | USD 187.84 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 8.81 % |
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Fastest Growing by End User Industry | Manufacturing |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Full Truckload Road Freight Transport Market Analysis
The India Full-Truck-Load (FTL) Market size is estimated at 113.17 billion USD in 2024, and is expected to reach 187.84 billion USD by 2030, growing at a CAGR of 8.81% during the forecast period (2024-2030).
113.17 Billion
Market Size in 2024 (USD)
187.84 Billion
Market Size in 2030 (USD)
7.34 %
CAGR (2017-2023)
8.81 %
CAGR (2024-2030)
Largest Market by Destination
73.60 %
value share, Domestic, 2023
Trucks carried most of India's goods, meeting 70% of domestic freight demand in 2022. The growing infrastructure in the country supports the domestic FTL market.
Largest Market by End User Industry
30.39 %
value share, Manufacturing, 2023
The manufacturing industry in India is estimated to reach USD 1 trillion by 2025, and the need for transporting raw materials and finished goods increases.
Fastest Growing Market by End User Industry
10.21 %
Projected CAGR, Manufacturing, 2024-2030
The future of the manufacturing segment is expected to be prominent as the government intends to ensure that manufacturing produces 25% of the nation's overall output by 2025.
Fastest Growing Market by Destination
9.05 %
Projected CAGR, International, 2024-2030
The future of the international FTL market in India is expected to grow as the country is focusing on reaching its USD 1 trillion export vision by 2030.
First Leading Market Player
0.46 %
market share, CJ Darcl, 2022
CJ Darcl has 174 branch offices and more than 5,000 locations nationwide. The company has more than 2 million square feet of warehousing space.
Manufacturing in India is emerging as a fast-growing sector due to the increasing investments and initiatives taken by the government
- Manufacturing in India has emerged as a fast-growing industry due to the rapidly increasing population in the country. Investments in the industry have increased, and initiatives like 'Make in India' aim to turn the country into a global manufacturing hub. For domestic and cross-border transportation of raw materials or finished goods, the majority of the manufacturing industries use trucks and trailers. The manufacturing industry in India is estimated to reach USD 1 trillion by 2025, and the need for transporting raw materials and finished goods increases. Automobile manufacturing is estimated to grow as several automakers have started investing heavily in various industry segments to keep up with the growing demand.
- The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. The wholesale and retail industry accounts for over 15% of the country's GDP and around 8% of the employment. FMCG, apparel & footwear, and consumer electronics are the largest retail segments, constituting 65%, 10%, and 9%, respectively, of the retail industry.
- The agricultural industry in India is also one of the largest contributors to the Indian economy, and it is expected to generate better momentum in the next few years due to increased investment in agricultural infrastructure. In the next five years, the central government plans to aim for USD 9 billion in investments in the fisheries as the government is targeting raising fish production to 220 lakh tons by 2024-2025. To maintain the supply chain and support the farmers in selling their perishable produce, the government has also rolled out a scheme for the creation of an integrated supply chain for fruits and vegetables in major cities.
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Understand The Key Trends Shaping This Market
