India Freight and Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

India Freight and Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The India Freight And Logistics Market is projected to register a CAGR of 6.46%

• Air is the Fastest-growing Mode Of Transport : Air transportation had a CAGR of 8.92% during the review period. It is expected to continue its growth during the forecast period, supported by the pharma and e-commerce sectors.
• Domestic is the Largest Destination Type : The domestic segment is the largest segment by destination type, supported by the wholesale and retail trade end-user segment, which had a share of 52.4% in 2022.
• Wholesale and Retail Trade is the Largest End User : The wholesale and retail trade is the largest end-user segment boosted by e-commerce in India, which increased by 31.88% YoY and reached USD 85.42 billion in 2021.
• Non-Temperature Controlled is the Largest Temperature Control : The non-controlled segment dominated the controlled segment with a market share of more than 90% during the review period.
• Temperature Controlled is the Fastest-growing Temperature Control : The controlled segment is boosted by India's domestic pharmaceutical market, which stood at USD 42 billion in 2021. It is likely to reach USD 120-130 billion by 2030.

• The pandemic has affected almost every industry, not just in India but also across the rest of the world. The freight and logistics industry in India was particularly hard hit due to the stringent lockdowns carried out by authorities. However, in 2022, the freight and logistics market in India experienced a YoY growth of 10.50%. One of the reasons for this growth was an increase in exports and imports. India’s exports soared to a record high of USD 463.80 billion in 2022, marking a surge of 59.27% over the USD 291.20 billion recorded in the previous year. The export growth was mainly driven by a surge in demand for products such as petroleum, cotton yarn, textiles, chemicals, and engineering goods.
• At the same time, India’s imports in 2022 soared to USD 764.80 billion, an increase of 94.31% over the USD 393.60 billion registered in 2021 and an increase of 28.55% over USD 474.71 billion in 2020. Major factors contributing to this soaring import bill include sharp growth in imports of crude oil, coal, gold, electronics, and chemicals as the economy reopened and business and consumption activity stabilized.
• During the forecast period, the overall end-user segment of the freight and logistics market is expected to record a CAGR of 6.46%. The other end-user segment is projected to record the highest CAGR of 12.19%, followed by the wholesale and retail trade end-user segment at 6.29%. The growth in the pharmaceutical sector is expected to drive the growth of the "others" end-user segment, whereas the rise in retail e-commerce is expected to drive the growth of the wholesale and retail trade end-user segment.

The India Freight And Logistics Market is fragmented, with the top five companies occupying 1.97%. The major players in this market are Container Corp. of India Ltd, DB Schenker, Delhivery, Deutsche Post DHL Group and Kuehne + Nagel (sorted alphabetically).

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support