May 08 2023
The Indian
has undergone significant transformations in the past decade, driven by the growth of e-commerce, globalization, and increasing demand for efficient supply chain management. The goods transport industry has been a crucial part of this transformation, facilitating the movement of goods across the country. In this blog, we will explore the future of goods transport in India, its trends, and opportunities.
The Indian goods transport industry has witnessed tremendous growth in recent years, with a market size of around USD 215 billion in 2020. The industry is expected to grow at a CAGR of around 10% between 2021-2026, driven by increasing demand from industries such as FMCG, e-commerce, pharmaceuticals, and automotive. The government’s initiatives such as ‘Make in India’ and ‘Digital India’ have also given a significant boost to the sector.
One of the key trends that will shape the future of goods transport in India is the increasing use of technology. The logistics and transportation industry has been slow in adopting technology, but things are changing now. The emergence of IoT, blockchain, and artificial intelligence is transforming the sector, making it more efficient and cost-effective. New Western Carrier, for example, is using GPS technology to track and monitor the movement of goods in real time, ensuring timely and safe delivery.
Another trend that is gaining traction in the goods transport industry is the use of electric vehicles. The Indian government has set a target to achieve 30% electric vehicle penetration by 2030. Several companies such as Mahindra Electric, Tata Motors, and Ashok Leyland are developing electric trucks and vans to cater to the growing demand. Using electric vehicles in the goods transport industry will reduce carbon emissions and lower operating costs in the long run.
The rise of e-commerce has also brought significant opportunities for the goods transport industry. With the increasing adoption of online shopping, the demand for efficient and speedy delivery has also gone up. Goods transport companies are now focusing on building a robust last-mile delivery network to cater to the growing demand. New Western Carrier, for instance, has partnered with several e-commerce companies to provide doorstep delivery services.
Another opportunity for the goods transport industry is the growing demand for cold chain logistics. The demand for temperature-controlled transportation of perishable goods such as food, pharmaceuticals, and vaccines has increased significantly in recent years. The Indian cold chain market is expected to grow at a CAGR of around 15% between 2021-2026. Goods transport companies that specialize in cold chain logistics have a vast opportunity to tap into this market.
The emergence of new business models such as asset-light and on-demand logistics is also creating new opportunities for the goods transport industry. Asset-light logistics companies such as BlackBuck and Rivigo are disrupting the traditional transportation model by leveraging technology and a vast network of transporters. On-demand logistics platforms such as Lalamove and New Western Carrier are also gaining traction in the Indian market, providing instant delivery services to businesses and individuals.
In conclusion, the Indian goods transport industry is at the cusp of a major transformation, driven by technology, changing consumer behavior, and the emergence of new business models. The industry is expected to grow at a steady pace, offering immense opportunities for goods transport companies that are willing to adapt and innovate.
with its focus on technology, sustainability, and customer-centric approach, is well-positioned to take advantage of these opportunities and emerge as a leader in the Indian goods transport industry.
New Western Carrier is the leading
and we offer
,
,parcel services, and much more at affordable prices. We have highly skilled workers who handle our clients with care and make them deliver safely and on time.
Book services now to make your goods delivered from one place to another without any delay by contacting us today.
