Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Logistics Service Market in India, 2024" report has been added to ResearchAndMarkets.com's offering.
The increasing number of e-commerce sites actively selling products in India as well as internationally has contributed to increasing the revenues of the logistics sector. The efficient handling of cargo by the logistics industry has enabled Indian exporters to gain a competitive edge in international markets. Growing awareness of logistics automation benefits, including cost reduction, time efficiency, and error prevention, is driving market growth. Companies are also investing in employee training to enhance productivity.
The market based on type of transportation is segmented into roadways logistic service, waterways logistic service, railways logistic service, and airways logistic service.
India logistic cost and logistics performance indicator analysis:
Reduced logistic costs play a crucial role in boosting the country's exports, thereby contributing to economic growth. India stands as a major global exporter of textiles, pharmaceuticals, and agricultural products. The nation's growing road and rail infrastructure is anticipated to lead to a decline in logistics costs. The expansion of National Highways, from 91,000 to 1.46 lakh kilometers by 2023, contributes to this favorable trend.
Market segment:
The airways logistic service segment is expected to witness a marginal increase in 2023 owing to the increasing e-commerce demand from tier II and III cities along with the trend of one-day delivery. The segment growth is restrained by the complicated procedure of cargo clearance, infrastructure blockage, and congestion at the cargo terminal.
Market driver:
The rise of e-commerce in India has boosted supply and logistics businesses utilizing data science for shipment tracking. The surge in online shopping, driven by the demand for quick delivery, has prompted e-commerce firms to expedite customer reach. To address the growing need for essential goods, wholesalers and offline retailers are investing in logistics, and express delivery services from some e-commerce providers are fueling demand for 3PL, benefiting the overall logistics market.
Third-Party Logistics(3PL) Market:
The market is highly fragmented with an intensive competitive environment due to the large number of international as well as domestic players operating in the Indian market. The high cost of logistics in India as compared to the rest of the countries, augments the demand for 3PL and 4PL service providers in the logistics market.
Key market trends:
A growing trend in the nation that has gained popularity in recent years is sustainability in warehousing practices. Market players are actively attempting to reduce their carbon footprint by including green energy practices to fulfill warehouse energy requirements, including solar panels or LED lights, incorporating electric vehicles (EVs) for transportation, and by using recyclable packing materials such as cardboard instead of plastic packaging materials.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Market structure of freight forwarding
3.3. Logistics service pyramid
3.4. Shipping and distribution structure at different supply chain levels
3.5. Market structure of 3PL
3.6. Market structure of reverse logistics
Chapter 4: Logistic Service Market in India - An Overview
4.1. Logistics service market in India - Overview
4.1.1. Market size and growth forecast (2021 - 2028e) -Based on value
4.2. Current market scenario
4.3. India logistic cost and logistics performance indicator analysis
Chapter 5: Insights into Major Segments - Transportation
5.1. Logistic transportation market segment overview
5.1.1. Primary characteristics of freight transport
5.2. Logistics services market - Market share based on transportation type (2022 and 2023e)
5.3. Government initiatives to push logistics transportation
Chapter 6: Insights into Major Segments - Warehousing
6.1. Warehousing market segment overview
6.1.1. Market size and growth forecast(2021-2028e) - Based on value
6.2. Current market scenario
6.3. Market investment scenario
6.1.3. Warehousing clusters across major Indian cities
6.1.3.1. Industry-wise share of organized warehousing transactions
Chapter 7: Insights into Major Segments - Supply Chain Management
7.1. Supply chain management and third-party logistics: outlook
7.2. Third-Party Logistics(3PL) market
7.2.1. 3PL Market size and growth forecast (2021-2028e) - Based on value
7.2.2.2. Current scenario and growth projections
Chapter 8: Market Influencers
Chapter 9: Market Trends
Chapter 10: Competitive Landscape
- Ashok Leyland Limited
- Blue Dart Express Limited
- Container Corporation of India Limited
- Gati Limited
- Mahindra Logistics Limited
- Transport Corporation of India Limited
- Agarwal Packers and Movers Limited
- DHL Express (India) Private Limited
- DTDC Express Limited
- Spear Logistics Private Limited
Chapter 11: Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/vuyy2n
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