DUBLIN--(BUSINESS WIRE)--The "Freight Market in India 2017" report has been added to Research and Markets' offering.
The current modal mix for cargo transportation is sub-optimal and skewed towards roads, which accounts for about 60-65% of the total freight transported. Growth in freight traffic has almost plateaued at 0-1%, with the rail modal share declining to 30%.
Indian ports have a freight handling capacity of over 1,700 million tonnes. Of the total freight handled at ports, major ports account for a 57.19% share, while non-major ports account for a 42.8% share. Air freight contributes a mere ~1% in the total cargo movement in India, moving around 35% of the total shipment value.
Coastal and inland waterways lack dedicated infrastructure and thus remain largely untapped for movement of freight.
The industry structure overall is highly fragmented, with unorganised players accounting for the largest share of business. A shift from pure transportation business to end-to-end service providers has emerged, thereby facilitating growth of third-party logistics and supply chain management industries in India.
The rising scale of freight transportation has further encouraged a trend towards outsourcing non-core activities like logistics, warehousing, and associated activities to integrated players which has increased the share of the organised segment.
Six major projects in roads, ports, inland waterways and railways - Bharat Mala, Setu Bharatam, district connectivity, Sagarmala, port-rail connectivity, 106 national waterways development - have been announced by the government, which will directly benefit the freight industry in future.
The Ministry of Railways has also identified additional dedicated freight corridors - North-South Corridor (Delhi-Chennai); East-West Corridor (Kolkata-Mumbai); and East Coast Corridor (Kharagpur-Vijayawada) - for implementation in the coming decade.
The overall outlook of the freight industry in India is very bright. However, to handle the growing traffic, significant investments need to be made for expanding, modernising and upgrading infrastructure, deploying advanced equipment and technology, and setting up of new storage and transit facilities.
Key Topics Covered:
1. Executive Summary
3. Future Outlook and Investment Opportunities
4. Key Projections
5. Impact of GST
6. Road Transport
7. Rail Transport
10. Inland Water Transport
11. Coastal Shipping
12. Key Customer Segments
14. Express Industry
For more information about this report visit https://www.researchandmarkets.com/research/nng53z/freight_market_in
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Related Topics: Automotive and Transport, Logistics