Expansion Analysis

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India ranks as the number 5 global manufacturing country in the world at 3.1% of worldwide production, with the workforce resources to grow exponentially (2021 Global Upside). This potential industry growth allows for a promising expansion of Saia Freight Trucking into India. As India’s trucking industry averages approximately 10.45% sales growth year over year, with the latest information from 2018 showing an estimated $21 billion in overall sales. 


 
 
 
 

While sales growth is booming year over year, the number of established trucking companies is trailing behind with a growth rate of only 3.6% per year. Also, the number of large trucking companies with 500+ employees is relatively small by comparison, with approximately 545 companies as of 2018. This is an opening to begin allowing Saia Freight Trucking to establish a network in India. 


 

India’s steady monetary development, manufacturing growth, and rising urbanization are significant factors in driving the trucking industry (Shrivastava, 2021). The trucking industry is anticipated to have a compound annual growth rate of 10.5% between 2019-2025 (Research and Markets, 2020). 

 References

 

Research and Markets. (2020, April 1). India's Logistics Market, 2020 research report. GlobeNewswire News Room. Retrieved October 4, 2021, from https://www.globenewswire.com/news-release/2020/04/01/2009812/0/en/India-s-Logistics-Market-2020-Research-Report.html.

Shrivastava, D. (2021, July 8). Trucking Industry in India: How to start trucking business in India. StartupTalky. Retrieved October 4, 2021, from https://startuptalky.com/trucking-business-in-india/.

Top 10 manufacturing countries in the world. Global Upside. (2021, July 20). Retrieved October 4, 2021, from https://globalupside.com/top-10-manufacturing-countries-in-the-world/.

 

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