The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.

Bharat Book Bureau Provides the Trending Market Research Report on “Logistics Service Market in India 2022-2027” under Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

India Logistics Service Market, Forecast 2022-2027

Discover the best professional documents and content resources in AnyFlip Document Base.
Search
Published by prachitisharma98, 2022-12-14 02:12:44

India Logistics Service Market Opportunity and Forecast 2022-2027

Bharat Book Bureau Provides the Trending Market Research Report on “Logistics Service Market in India 2022-2027” under Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

India Logistics Service Market, Forecast 2022-2027

Keywords: india logistics service market, india logistics service market report, india logistics service market research report, india logistics service market forecast, india logistics service market overview, india logistics service market by region, india logistics service market opportunity, india logistics service market share, india logistics service market analysis, india logistics service market value, india logistics service market application, india logistics service market growth

Logistics Service Market in India 2022-2027

Bharat Book Bureau Provides the Trending Market Research Report on “Logistics
Service Market in India 2022-2027” under Automotive Market Research
Report Category. The report offers a collection of superior Market research, Market
analysis, competitive intelligence and Market reports.
India Logistics Service Market, Forecast 2022-2027
Market insights:
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 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. 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.

Segment insights:
The market can be segmented into transportation, warehousing, and supply chain
management. The freight and logistics market segment in India is growing. This is
because of technological advancements, infrastructure development, and the
introduction of policies that deal with e-way bills, fast tags, e-invoicing, and
GPS-based toll collection. The warehousing market is expected to expand at a CAGR
of ~15.64% during the 2022 – 2027 period. 3PL and e-commerce players were the
major adopters of organized warehousing spaces in 2021. This led to a reduced
market share of fast-moving consumer goods (FMCG), fast-moving consumer
durable (FMCD), and retail sectors in 2021. Supply chain management service has
control over most of the functions of logistics facilities such as stocking of inventory,
order fulfillment, warehouse infrastructure management, inventory forecasting, and
freight forwarding.

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.

Browse our full report with Table of Content :
https://www.bharatbook.com/report/1385822/logistics-service-market-in-india

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports
and insights that includes latest Market Study, Market Trends & Analysis, Forecasts
Customized Intelligence, Newsletters and Online Databases. Overall a
comprehensive coverage of major industries with a further segmentation of 100+
sub sectors.

Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: www.bharatbook.com


Click to View FlipBook Version