Truck service is an essential part of India’s logistics and transportation industry. The trucking industry has experienced a substantial expansion in recent years, and future predictions indicate that this growth will continue. IMARC Group predicts that the Indian truck market will rise at a 9% compound annual growth rate (CAGR) during 2023-2028 and is expected to reach USD 36,353 million by 2028 after reaching a size of USD 20,042 million in 2022.
With technological breakthroughs and growing demand for efficient and cost-effective transportation in various industries like e-commerce, logistics, and manufacturing, the future of truck service in India looks promising. In this blog, we will understand the future of truck services in India, focusing on truck service features.
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Advancements in Truck Tech
Advancements in truck technology have played a significant role in the trucking industry’s growth. One of the significant advancements in recent years has been the development of electric trucks. According to a Precedence Research report, the electric vehicle market is set to witness a tremendous surge over the next decade, with estimates projecting its worth to increase from USD 205.58 billion in 2022 to a whopping USD 1,716.83 billion by 2032, exhibiting a CAGR of 23.1% from 2023 to 2032.
One of the major automobile companies has recently launched the Tata Ace EV, an electric vehicle designed specifically for intra-city transportation. This development shows the potential of electric trucks and their role in the future of truck service in India.
Battery Technology
Battery technology has been a significant driver of the growth of the electric truck market. The range and efficiency of electric trucks have substantially increased because of advancements in battery technology, making them more practical for long-haul transportation. Manufacturers are innovating to improve battery performance, aiming for longer ranges and faster charging times, making electric trucks a more viable option for long-distance hauls.
Manufacturing Advancements
Manufacturing processes have also evolved significantly in recent years, leading to more efficient and cost-effective production of trucks. Automation and robotics have significantly reduced production time and costs, leading to more affordable and readily available truck services. This development is particularly significant for small and medium-sized enterprises that rely on truck services for transportation.
Data Analytics
The use of data analytics helps logistics companies like Porter track and analyze their trucks’ movement, leading to better route planning and optimisation. Real-time tracking of trucks also helps improve delivery times and increase customer satisfaction. Data analytics will continue to play a crucial role in the future of truck service in India.
Truck Safety Measures
The safety of truck drivers, passengers, and other motorists depends on truck safety measures. With the increasing number of trucks to 17 million by 2050 on Indian roads, it is crucial to implement effective safety measures to prevent accidents.
Some safety measures that are being implemented include mandatory speed governors, the use of GPS trackers, and driver training programs. These measures are expected to improve the safety of truck service in India, especially with the Indian truck market anticipated to rise more than four times.
Conclusion
The future of truck services in India looks bright, with the increasing demand for e-commerce and home delivery services, infrastructure development, and the adoption of new technologies. Evaluating truck services in India for experience, safety, pricing, customer service, and fleet size for the best transportation solution is a wise decision.
Moreover, the truck transport services offered by Porter are well-positioned to benefit from this growth, providing customers with a reliable and economical way to transport goods across the country. As it evolves, the industry will likely see even more innovation and development in the coming years.
For more information on truck services or for booking assistance, reach out to Porter today!
