India Freight And Logistics Market Size And Forecast
The Indian freight and logistics market is poised for significant growth, with a value of USD 278 billion in 2024. As the industry continues to expand, it's expected to reach an impressive USD 640 billion by 2032, driven by a compound annual growth rate (CAGR) of 11% from 2026 to 2032.
India Freight And Logistics Market Dynamics
The Indian freight and logistics market is influenced by several pivotal factors, which in turn drive its growth trajectory. Some of the major market drivers include:
1. Increasing demand from the e-commerce sector (38% of total cargo volume)
2. Rising investments in infrastructure development (4,500 km of roads added between 2017 and 2020)
3. Growing need for supply chain optimization (40% of logistics companies adopting digital transformation by 2025)
4. Expanding trade volumes with neighboring countries like China and Southeast Asia
Key Market Drivers
Key Challenges
Key Trends
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India Freight And Logistics Market Regional Analysis
A closer look at the regional dynamics of India's freight and logistics market reveals diverse trends and opportunities across different regions. The Southern region, which includes states like Tamil Nadu, Karnataka, and Kerala, has emerged as a significant hub due to its strategic location and growing industries such as automotive and textiles.
The Eastern region, comprising states like West Bengal, Odisha, and Jharkhand, is driven by the presence of major ports and industrial estates. The Western region, including Maharashtra, Gujarat, and Goa, benefits from its proximity to key trade routes and cargo hubs.
India Freight And Logistics Market: Segmentation Analysis
The Indian freight and logistics market is a vital sector that plays a crucial role in facilitating the movement of goods across the country. This market is segmented into three main categories: end-user, logistics function, and geography.
In terms of end-user, the market is divided into construction materials, industrial products, consumer goods, and others. The construction materials segment accounts for approximately 35% of the total market share, followed by industrial products (25%), and consumer goods (20%). The remaining segment includes miscellaneous items such as food, beverages, and pharmaceuticals.
The logistics function segment is further divided into warehousing and distribution, freight forwarding, express delivery, and others. Warehousing and distribution accounts for around 40% of the market share, while freight forwarding and express delivery contribute approximately 30%. The remaining segment includes non-core logistics services such as transportation management and supply chain visibility.
Geographically, the Indian freight and logistics market is segmented into major cities like Mumbai, Delhi, Bengaluru, Chennai, and Hyderabad. These cities account for a significant portion of the total market share, with Mumbai being the leading contributor (around 20%). Other major cities include Delhi (15%), Bengaluru (12%), Chennai (10%), and Hyderabad (8%).
Overall, the Indian freight and logistics
India Freight And Logistics Market, By End-User
The Indian Freight and Logistics Market is segmented into Agriculture, Fishing, Forestry, and Construction, catering to diverse end-user needs. The agriculture sector holds a significant share due to India's substantial agricultural output, necessitating specialized logistics for bulk commodities, fertilizers, and perishables. As per the National Center for Cold Chain Development (NCCD), the country's cold chain capacity is expected to reach 37.4 million metric tons by 2022, thereby augmenting demand for efficient logistics solutions. In contrast, the construction sector has witnessed rapid growth, driven by increased urbanization and infrastructure development backed by government initiatives like PM Gati Shakti. The construction industry's reliance on heavy machinery, building materials, and timely deliveries has led to a surge in logistics services, which has been further bolstered by government expenditures on transportation infrastructure.
India Freight And Logistics Market, By Logistics Function
The logistics market in India is diversifying based on its function, with a significant presence of Courier Express and Parcel (CEP), Freight Forwarding, and Freight Transport. The CEP category stands out due to the increasing growth of e-commerce, projected to reach USD 74.8 billion by 2022-23. As a result, there's substantial demand for last-mile delivery services, propelling the CEP segment forward. Meanwhile, freight forwarding is witnessing rapid growth, driven by India's expanding industrial sector and surge in exports. The government's Production Linked Incentive (PLI) scheme, which has attracted investments of INR 62,500 crore, has further fueled demand for freight forwarding services to manage complex global supply chains and logistics.
Key Players
The Indian freight and logistics market is characterized by its intricate landscape, with numerous key players contributing to its dynamics. Among these prominent entities are Blue Dart Express Ltd., Container Corp. of India Ltd., Delhivery Limited, DHL Group, Allcargo Logistics Ltd., Transport Corporation of India Ltd., Mahindra Logistics Ltd., Gati Ltd., Safexpress Pvt. Ltd., and DHL Supply Chain.
In terms of company profile, ranking analysis, regional and industry footprint, as well as an ACE Matrix evaluation, these players demonstrate a diverse range of strengths and market positions.
**Key Statistics:**
- Number of major companies in the freight and logistics sector: Over 10
- Total number of major companies providing freight services: More than 50
India Freight And Logistics Market Recent Development
Report Scope
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Research Methodology of The Research Insights:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
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Frequently Asked Questions
What is the projected market size & growth rate of the India Freight And Logistics Market?
What are the key driving factors for the growth of the India Freight And Logistics Market?
What are the top players operating in the India Freight And Logistics Market?
What segments are covered in the India Freight And Logistics Market report?
How can I get a sample report/company profiles for the India Freight And Logistics Market?
Frequently Asked Questions About This Report
1What is the projected market size & growth rate of the India Freight And Logistics Market?
India Freight And Logistics Market was valued at USD 278 Billion in 2024 and is projected to reach USD 640 Billion by 2032, growing at a CAGR of 11% from 2026 to 2032.
2What are the key driving factors for the growth of the India Freight And Logistics Market?
E-Commerce Market Growth, Infrastructure Development, Manufacturing Sector Expansion and are the factors driving the growth of the India Freight And Logistics Market.
3What are the top players operating in the India Freight And Logistics Market?
The major players are Blue Dart Express Ltd., Container Corp. of India Ltd., Delhivery Limited, DHL Group, Allcargo Logistics Ltd., Transport, Corporation of India Ltd., Mahindra Logistics Ltd., Gati Ltd., Safexpress Pvt. Ltd., And DHL Supply Chain.
4What segments are covered in the India Freight And Logistics Market report?
The India Freight And Logistics Market is Segmented on the basis of End-User, Logistics Function, And Geography.
5How can I get a sample report/company profiles for the India Freight And Logistics Market?
The sample report for the India Freight And Logistics Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION OF INDIA FREIGHT AND LOGISTICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 INDIA FREIGHT AND LOGISTICS MARKET, OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 INDIA FREIGHT AND LOGISTICS MARKET, BY END-USER
5.1 Overview
5.2 Agriculture
5.3 Fishing
5.4 Forestry
5.5 Construction
6 INDIA FREIGHT AND LOGISTICS MARKET, BY LOGISTICS FUNCTION
6.1 Overview
6.2 Courier Express and Parcel (CEP)
6.3 Freight Forwarding
6.4 Freight Transport
7 INDIA FREIGHT AND LOGISTICS MARKET, BY GEOGRAPHY 7.1 Overview
7.2 India
8 INDIA FREIGHT AND LOGISTICS MARKET, COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 BLUE DART EXPRESS LTD.
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 CONTAINER CORP. OF INDIA LTD.
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistics agencies, and paid databases. This information creates a base for the study. The information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analyzed to extract crisp data points which currently affect or are likely to affect the industry during the forecast period. After analyzing the information, a proprietary statistical tool is used for market estimation and forecast, which generates the quantitative figures of the market/sub-segments in the current scenario as well as for the forecast period.
After estimating the markets and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.
1.1 DATA MINING
Data mining is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the industry and their Drivetrain, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.
1.2 SECONDARY RESEARCH
In the secondary research process, various sources are used to identify and gather industry trends and information for the research process. We at TRI have access to some of the most diversified and extensive paid databases, which give us the most accurate data/information on markets Customers, and pricing. Mentioned below is a detailed list of sources that have been used for this study. Please note that this list is not limited to the names as mentioned; we also access other data sources depending on the need.
1.3 PRIMARY RESEARCH
In the primary research process, in-depth primary interviews are conducted with the CXOs to understand the market share, customer base, pricing strategies, channel partners, and other necessary information. Besides, in-depth primary interviews are conducted with the CXOs of vendors, channel partners, and others to validate the supply-side information. In addition, various key industry participants from both the supply and demand side are interviewed to obtain qualitative and quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (Corporates), industry consultants, and C-Component executives of major companies, are conducted to obtain critical qualitative and quantitative information pertaining to the market, as well as to assess the prospects for market growth during the forecast period. Detailed information on these primary respondents is mentioned below.
1.4 FORCASTING TECHNIQUES
We at Markstats Research Insights Private Limited follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques as mentioned below.
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