Jan 25, 2023   SOURCE: BusinessWire

India Logistics Service Market to 2027: Featuring Ashok Leyland, Blue Dart Express, Gati and Mahindra Logistics Among Others - ResearchAndMarkets.com

The "Logistics Service Market in India 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The logistics market was valued at INR 14.08 Trn in 2021. It is expected to expand at a CAGR of ~14.14% during the 2022 - 2027 period.

Companies Mentioned

  • 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

Logistics is defined as a business planning framework for the procurement, maintenance, distribution, and replacement of personnel and material. The purpose of the logistics industry is to enable effective transportation and timely movement of goods from one place to another. The industry is highly fragmented with several unorganized players. Organized players account for 10%-15% of the market. The remainder is controlled by unorganized players who manage small-sized warehouses with little to no mechanization.

The Government of Singapore Investment Corporation (GIC), Singapore's sovereign wealth fund, and ESR Group Limited have announced a strategic alliance to form a joint venture to acquire income-producing core industrial and logistics assets for INR 45 Bn in India.

In a study conducted by NITI Aayog in collaboration with Rocky Mountain Institute (RMI) and RMI India, it was estimated that the movement of goods will increase to 15.6 trillion tons/km by 2050. To support this, the government is making efforts to improve India's logistics system by introducing policies and programs such as Atmanirbhar Bharat. These will enhance technological and digital operations in the logistics supply chain.

COVID-19 impact analysis:

Several companies shrunk their product mix to allocate the warehouse spaces to the essential products available in their portfolio as the production of these essentials increased significantly during the pandemic.

Various large manufacturing companies felt that the construction of small warehouses at multiple locations is a more viable option than keeping in large regional warehouses. Since the onslaught of COVID-19, consumers have been shopping online in large numbers, particularly for groceries.

In 2021, the demand for online grocery shopping portals surged by up to 80%, but their operational capacity was reduced by half.

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: Market overview

4.1. Logistics service market in India - An overview

4.1.1. Market size and growth forecast (2020 - 2027e) - Based on value

4.1.2. Top states/UTs of LEADS 2021 Index

4.1.3. Current market scenario

4.1.4. Composition of logistics costs in India and scope for improving efficiency

Chapter 5: Insights into major segments - Transportation

5.1. Transportation market segment overview

5.2. Shares of the four major segments of logistics transportation

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 (based on value)

6.1.2. Institutional investments in the India warehousing market

6.1.3. Warehousing clusters across major Indian cities

Chapter 7: Insights into major segments - Supply chain management

7.1 Supply chain management: international outlook

7.1.1. Role of 3PL in supply chain and logistics operations

7.2 Third-party logistics segment overview

7.2.1. Market size and growth forecast (based on value)

Chapter 8: COVID-19 impact

8.1. Impact of COVID-19 on warehousing segment

8.2. Impact of COVID-19 on transportation segment

Chapter 9: Market influencers

9.1. Market drivers

9.2. Market challenges

Chapter 10: Competitive landscape

Chapter 11: Recent developments

Chapter 12: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/xf9eml-service?w=4