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IMARC Group has published a market research report titled "India Logistics Market Report by Model Type (2 PL, 3 PL, 4 PL), Transportation Mode (Roadways, Seaways, Railways, Airways), End Use (Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Construction, Automotive, Telecom, Oil and Gas, and Others), and Region 2024-2032", 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.
The significant expansion of e-commerce as well as the increasing need for efficient supply chain solutions are the factors responsible for the growth of the India logistics market. Additionally, the market is propelling owing to the high adoption of advanced technologies, including automation, artificial intelligence (AI), and the Internet of Things (IoT) to enhance operational efficiency and transparency. Furthermore, the rise of omni-channel retailing is compelling logistics providers to develop flexible and scalable solutions that can handle complex distribution networks which are bolstering the market. Besides this, the push towards improving infrastructure through initiatives like the Bharatmala and Sagarmala projects is also significantly enhancing the logistics landscape, facilitating smoother and faster movement of goods across the country.
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India Logistics Market Trends and Drivers
Another major driver of the India logistics market is the implementation of favorable policies and reforms, such as the Goods and Services Tax (GST), which has simplified interstate trade and reduced logistical bottlenecks. In addition to this, the introduction of dedicated freight corridors and the development of multimodal logistics parks are further contributing to the growth of the market by improving connectivity and reducing transit times. Moreover, the increasing focus on sustainable and green logistics practices is shaping the future of the industry. Companies are investing in electric vehicles, fuel-efficient transport modes, and eco-friendly packaging to reduce their carbon footprint. In line with this, the growing importance of last-mile delivery, driven by the surge in online shopping, is also prompting logistics providers to innovate and enhance their delivery capabilities which is expected to drive the India logistics market over the forecasted period.
Report 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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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