India Logistics and Freight Forwarding Industry: COVID-19 Impact & Future Outlook to 2027

Overview

Executive Summary

Industry Overview: The logistics sector in India accounts for over 14.4% of the country's GDP and employs more than 22 million people. This shows the importance of logistics in the country’s economy and the needs to boost the sector performance for further growth of the country. Whereas logistics cost is significantly high in India as it accounts for 14% of GDP, compared to 8% to 10% in developed countries with a proportionately equivalent GDP contribution. The Indian logistics market is expected to record revenue of  USD ~ billion in 2022 and by 2027 is predicted to cross USD 400 billion by growing at a CAGR of 11.69% from 2021-2027.

Scope of Study
The report titled “India Logistics and Freight Forwarding Industry - COVID-19 Impact and Outlook to 2027” published by Makreo Research and Consulting Firm provides a holistic perspective of past, present, and future market performance. The study comprises market dynamics that offer an understanding of the industry trends, driving forces, and major challenges hampering the growth and also an analysis of the future opportunities which will help market players to leverage untapped business potential. 3PL plays a crucial role in the present times and many businesses have realized the importance of outsourcing non-core activities therefore study offers an overview of the 3PL scope in coming years. The report offers a detailed future assessment of the overall logistics industry.

EPTD Analysis: The report gives an overview of the country’s economy, its political environment, technological overview, and demographic profile. Any shift in these factors directly or indirectly leaves an impact on the logistics industry thus it is imperative to gauge the variations happening at present.

COVID-19 Impact Assessment: Industry assessment has been done basis of COVID-19 impact in 2020 and in coming years over trade.

Market Coverage: The report discusses industry segments covering the Domestic and International markets, industry segmentation by Function (Freight Forwarding, Transportation, Warehousing, and VAS), and further has been segmented by 3PL and Express logistics.  The report discusses past and present performance in detail along with reasons supporting or causing the shift in performance. Modes of transportation or logistics play a prominent role thus a detailed section has covered all possible aspects of Road, Rail, Air, and Sea freight performance. It helps to gain insights into India's positioning in the global logistics index along with a detailed discussion on the performance of the country’s economy. 

Competitive  Landscape: This section cover company profiles of Domestic as well as International players:
Domestic Players: Container Corporation of India Limited (CONCOR), ALL CARGO Logistics, Aegis Logistics Ltd, DTDC Express Limited (Desk to Desk Courier & Cargo)
International Players: Deutsche Post DHL Group, FedEx Express, United Parcel Service Inc., Agility Logistics 

Key Questions Answered

• To gauge the performance of India's Logistics and Freight Forwarding Industry.

• What is the present scenario of logistics in India after the virus outbreak and performance during the pre-COVID-19 period?

• What are the major driving forces that helped the industry to grow in past and impact future performance?

• How market is positioned for Express delivery services and what is the scope in the near future? 

• How market is positioned for 3PL services and what is the scope of development in near future? 

• What is the impact of the novel coronavirus on the Indian logistics and freight forwarding industry including all modes of transportation? 

• What is the contribution of E-commerce to the logistics industry?

• What are the key challenges present in the industry and what driving forces shaping future demand?

• Who are the leading players in the industry and what is their financial status?
   

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