Logistics is the process of planning and carrying out the transportation and storage of commodities from the place of origin to the site of consumption in order to meet consumer expectations in a timely and cost-effective manner. Demand forecasting, order fulfilment, inventory management, fleet management, material handling, warehousing, and transportation are all included. Carrying bulk packaging makes it easier to move large quantities of the product without creating breakage or spills. The monitoring and tracking of information about the utilisation of space, employee schedules, order requests, and product deliveries is also aided by logistics. As a result, it is used extensively in a variety of industries, including e-commerce, automotive, oil and gas, construction, agriculture, and fishing.
The number of online selling companies is now rising as a result of digital payments, hyper-local logistics, analytics-driven consumer engagement, and digital advertising. Along with the growing e-commerce sector, this is one of the key factors affecting the market in India. Nationwide, there are also more and more e-commerce websites that are business-to-business (B2B) and customer-to-customer (C2C). Along with the expansion of warehouses with advanced technology, this is assisting the market. The industry is also growing as a result of warehouses implementing geotagging and the internet of things (IoT). The Indian government also supports the Make in India initiative and direct-to-consumer (D2C) businesses to promote home production.
In addition, it is putting a lot of effort into improving the information technology (IT) infrastructure, which is promoting market growth. Additionally, the upgraded road system and authorised freight lanes are improving connectivity and offering lucrative expansion opportunities for Indian industrial companies.Because India is required by COVID-19 to limit the transit of goods between government-designated zones and across states, the use of inefficient routes has increased. The lack of drivers led to an increase in truck rental costs. The conventional Indian logistics industry is also going through a significant transformation towards digitization and contactless operations as a result of the COVID-19 effect. In light of the pandemic, maintaining flexible supply chains with large regional warehouses may not be the best option; instead, having smaller warehouses scattered throughout several regions may be a better course of action. Businesses have also been forced to assess if distribution centres might sustain service levels more successfully than a warehouse system because to lockdown constraints. Utilizing these resources might make using cutting-edge technology more successful. Similar trends have been emerging for some time, but COVID-19 has expedited them, such as the growing significance of last-mile delivery for e-commerce.
Online sales of goods, particularly food, have surged dramatically since the epidemic started, both globally and obviously in India. In fact, despite a 50% reduction in their operational capacity, demand for online grocery websites in India rose last year. The long-term problem is that last-mile logistics must continue to depend on shady, small trucking firms that lack the capital and sophistication to use cutting-edge methods. To remain relevant in the post-pandemic new normal, all logistics partners must keep up with the shift to digital technology. Trucks are without a doubt the main form of transportation in India's logistics sector. The railway system, however, was the only mode of transportation that could function without restrictions and convey goods and commodities across the country at virtually pre-pandemic quantities during the most severe phases of the lockdown.
India Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agility Logistics Private Limited, DHL, Expeditors International (India) Private Limited, Fedex Trade Networks Transport and Brokerage Private Limited, Kuehne + Nagel Private Limited.
India Logistics and Warehousing Market Segmentation:
By Model Type: Based on the Model Type, India Logistics Market is segmented as; 2 PL, 3 PL, 4 PL.
By Transportation Model: Based on the Transportation Model, India Logistics Market is segmented as; Airways, Railways, Roadways, Seaways.
By End Use: Based on the End Use, India Logistics Market is segmented as; Automotive, Chemicals, Construction, Consumer Goods, Food and Beverages, Healthcare, IT Hardware, Manufacturing, Oil and Gas, Retail, Telecom, Others.
By Region: This report also provides the data for key regional segments of East India, North India, South India, West and Central India.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.