Technology has revolutionized the transportation sector. Intervening with diverse technologies is beneficial for the economy. What is the future of the automobile industry? We understand that Google map exists, but are those unaware of this technology? Let’s take a closer look at how tech-transporting is transforming India.
Current Status of India Trucking Market in India
Since the trucking market backs the Indian Economy, it plays a vital role in the trucking system, and one such transport is the Tempo traveller, which easily aligns with emission norms and delivers high-quality performance for long distances. At the same time, Auto rickshaws are worth buying with economical rates and short distances.
The transport sector consists of different kinds of vehicles used for short and long distances. No doubt, they are domineering the Indian market, but last years have reported great demand in the trucking market.
According to Businesswire, 568.56 thousand units of commercial vehicles were sold in the fiscal year 2021. Since then, the demand has been ascending in the Indian market. It has become consistent globally in the trucking market because of developing countries with more employment opportunities, improved road networks, and enhanced payload systems.
But wait, there are challenges too associated with the trucking market in the upcoming section. Seek more in the next.
Challenges in Trucking Industry in India
Like two sides of the same coin, “T” in transportation has brought ample benefits, but with certain problems like roads submerged and shortage of fuel. Both issues will prove to be beneficial for tech transportation in recovery and preparation for unforeseen circumstances.
Keeping aside the technology, the common problems with the trucking system include congestion on highways, high traffic density, bumpy roads, and delivery delays because of the frequent stoppage at borders for tariffs. It decreases the truck’s average speed from 30 – 40 km/h to 19 – 25km/h.
Private operations owing single trucks for freight transport services need help with on-time consignment delivery and finding routes.
And since most drivers are unskilled at driving, they must comply with the stringent regulations of the transportation authorities, resulting in user experience drawbacks. If they are using obsolete or deteriorated trucks, it delays more.
Rising fuel costs are:
- Another problem accounts for 30% of incurred costs.
- Causing expenses in operational activities.
- Thus affecting the companies’ profit margins.
Nevertheless, the technology has paved the way for the truck system.
Profitable Trucking System: Technology Revolutionizing the “T” in Transportation Sector
Want to know how profitable the trucking industry is with the support of technology? Let’s see how technology transforms the “T” in the transport industry.
Automated Vehicles (AVs)
Gone are the days when driving long distances was distressing. Now, self-driving vehicles are introduced, positively impacting the industry’s performance.
Advanced AI models speculate the efficiency of routes with real-time navigation to prevent high fuel consumption.
AVs have the possibility, from a technical perspective, to transform into an advanced hybrid model easily configured by humans and automated machine drivers. Hence, the technology is still developing.
Advanced Powertrains
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Turbocharging facilitates higher acceleration to reduce fuel consumption.
Mobile Applications
Mobile Applications easily trace routes while travelling long distances with a purview of the shortest paths to the destination. Easy navigation helps the drivers to reach within the expected time for a better user experience.
Besides navigation, the time taken to reach the goal assists the user in driving freely without tension.
Predict Vehicle Maintenance
In older times, you were still determining when your truck might need maintenance for replacing equipment or regular washing. Now that we have developed IoT technology, it predicts your vehicle’s maintenance, preventing breakdowns. IoT sensors can send data to fleet owners to improve maintenance procedures.
Ride Sharing Services
Whether you say carpooling or sharing rides has gained popularity in the transportation industry. Uber is a prominent holder in the field, providing the best assistance to truck drivers. It intends to enhance and satisfy user needs with hybrid models and large fleets.
Ride-sharing services are trending and are expected to rise at 16.6% CAGR for USD 185.1 billion by 2026.
Takeaways: The Future of Technology in Trucking System
The advent of technology has eased the tracking, navigation and management of trucks or fleets of vehicles using advanced AI and software for interaction and delivering quality customer experience.
Modern technologies like powertrains and Automate vehicles have helped reduce carbon emissions leading to eco-friendly and safe driving.
Already given technologies in the blog are the latest ones, having made everything worth it, yet productive, along with determining the user’s needs in real-time using cost-effective means with Advanced AI modern tools.