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The India logistics market size reached USD 427.73 billion in 2023. The market is expected to grow at a CAGR of 6.5% between 2024 and 2032, reaching almost USD 756.72 billion by 2032.
The logistics market in India encompasses a wide array of supply chain activities, including transportation, customer service, inventory management, information flow, and order processing, alongside warehousing, material handling, purchasing, packaging, and maintenance. Favorable developments such as eased FDI norms, impending GST implementation, expanding globalisation, burgeoning e-commerce, and progressive regulatory policies coupled with government initiatives like "Sagarmala," "Make in India," and "Gati Shakthi" are poised to drive significant growth in the sector.
India's aviation sector is set for substantial investment from 2021 to 2025, with the Airports Authority of India and private operators jointly committing USD 11 billion. The Regional Connectivity Scheme aims to develop smaller, underserved, and remote airports, adding 600 regional routes to connect 156 airports by 2024, including the establishment of 100 new airports, predominantly funded by public-private partnerships.
Government initiatives like infrastructure improvements, digital transformation projects (e.g., Digital India, Bharat Net), and the establishment of logistics parks and warehouses are enhancing connectivity and storage capacities, particularly bolstered by the growth of e-commerce. The logistics industry, which accounts for 14.4% of India's GDP, is transitioning from basic transportation and storage to comprehensive end-to-end planning, value-added services, predictive analytics, and technology-driven solutions like transportation and warehouse management systems (TMS, WMS).
This evolution is spurred by a booming e-commerce market, technological advancements, and a vast workforce of 22 million supporting diverse businesses. The industry's dynamism is evident through a myriad of participants, including major local players, global industry leaders, government postal services' express divisions, and emerging startups specialising in e-commerce delivery. These factors collectively position India's logistics sector for continued expansion, increased efficiency, cost reduction, and enhanced customer service while playing an important role in the India logistics market development.
India Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Model Type
Market Breakup by Transportation Mode
Market Breakup by End User
Market Breakup by Region
Key players in the logistics market in India develop and offer technologically advanced products and services to support the end users in the market.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Model Type |
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| Breakup by Transportation Mode |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to be valued at USD 427.73 billion in 2023.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The logistics market is expected to witness significant growth to reach USD 756.72 billion in 2032.
The market is categorised according to its model type, which includes 1 PL, 2 PL, 3 PL, and others.
The key market players are FedEx Corporation, Blue Dart Express Limited, DTDC Express Limited, Aegis Logistics Ltd., Deutsche Post AG, United Parcel Service, Inc., Schenker AG, DSV A/S, CMA CGM Group (CEVA Logistics SA), Kuehne + Nagel International AG, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., Kintetsu World Express Inc., and others.
The market is driven by factors that include the convergence of technological advancements, rise in the sales of goods via online retail channels, and increasing international trade agreements.
The market is categorised according to its transportation mode, which includes roadways, seaways, railways, and airways.
The VRL Group boasts a fleet of 4,360 vehicles, comprising 3,941 trucks for transporting goods and 419 tourist buses, solidifying its status as one of India's largest logistics and transport companies. Notably, VRL holds the distinction of being the largest fleet owner of commercial vehicles in the private sector in India, as recognised by the Limca Book of Records.
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