India Logistics Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 7.85% (2024-2032)

Driven by e-commerce growth, urbanization, and government initiatives, India's logistics market is poised for exponential growth. According to the latest report by IMARC Group, The India logistics market size reached US$ 282.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 557.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.85% during 2024-2032.

India Logistics Industry Trends and Drivers:

The rapid expansion of industries like e-commerce, manufacturing, retail, agriculture, etc., is one of the factors responsible for the growth of the India logistics market. Increasing consumer need for faster and more efficient delivery services, in the wake of the e-commerce boom, is a significant driver. The government’s focus on improving infrastructure through initiatives like the Bharatmala and Sagarmala projects, as well as investments in highways, railways, and ports, is enhancing the efficiency of logistics operations across the country. Additionally, the execution of the Goods and Services Tax has streamlined taxation, enabling businesses to optimize supply chains and reduce transit times. The shift toward organized logistics services, driven by technology adoption and rising customer expectations, is further contributing to market growth.

Key trends shaping the India logistics market include the increasing integration of technology and a focus on sustainability. In addition to this, companies are leveraging advanced technologies like artificial intelligence, the Internet of Things, blockchain, etc., to improve inventory management, route optimization, and supply chain visibility. The rise of third-party logistics (3PL) providers is catering to the growing need for cost-effective and specialized logistics solutions. E-commerce growth has led to a rise in demand for last-mile delivery services, prompting companies to adopt electric vehicles (EVs) and green logistics practices to minimize environmental impact. Apart from this, the adoption of cold chain logistics is increasing due to the rising demand for temperature-sensitive goods like pharmaceuticals and perishable foods are anticipated to drive the India logistics market over the forecasted period.

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India Logistics Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Model Type:

• 2 PL
• 3 PL
• 4 PL

Breakup by Transportation Mode:

• Roadways
• Seaways
• Railways
• Airways

Breakup by End Use:

• Manufacturing
• Consumer Goods
• Retail
• Food and Beverages
• IT Hardware
• Healthcare
• Chemicals
• Construction
• Automotive
• Telecom
• Oil and Gas
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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