India Logistics Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 7.85% (2024-2032)

The rising need for efficient logistics solutions due to the thriving e-commerce industry is propelling the market growth in India. According to IMARC Group, The India logistics market size reached US$ 282.3 Billion in 2023 and grow at a CAGR of 7.85% to reach US$ 557.4 Billion by 2032.

India Logistics Industry Trends and Drivers:

There is an increase in the demand for quick and reliable delivery services among individuals in the country. E-commerce giants and numerous online retailers are investing in their logistics infrastructure to meet unique user expectations for quick and seamless delivery. This investment is evident in the expansion of warehousing facilities, the adoption of advanced technologies like automation and artificial intelligence (AI), and the development of sophisticated supply chain management systems. These advancements are crucial in managing the high volume of orders and ensuring timely deliveries, thereby enhancing individual satisfaction and driving repeat business. In line with this, governing agencies in India are implementing the goods and services tax (GST) to streamline the supply chain by eliminating multiple taxes and creating a unified market, thereby reducing transit times and costs. They are also focusing on improving infrastructure through projects to enhance connectivity and reduce logistical bottlenecks.

Apart from this, technological advancements in the logistics sector to enhance operational efficiency are impelling the market growth. The adoption of automation, AI, and the Internet of Things (IoT) in logistics operations enhances transparency and real time tracking. These technologies facilitate better inventory management, route optimization, and predictive maintenance, leading to cost savings and enhanced service quality. In addition, the rising number of third-party logistics (3PL) providers, as they offer companies the flexibility to outsource their logistics operations and provide more specialized and efficient services, is bolstering the market growth in the country. Furthermore, the entry of global logistics players into the Indian market benefits in bringing advanced practices. Moreover, the expansion of warehousing facilities, especially in strategic locations, supports the efficient distribution of goods across the country. Lastly, the growing focus on sustainability and green logistics is offering a favorable market outlook in India. Companies are increasingly adopting eco-friendly practices and sustainable supply chain solutions to reduce their carbon footprint.

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India Logistics Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Model Type:

Breakup by Transportation Mode:

Breakup by End Use:

Breakup by Region:

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:

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