INDIA FREIGHT AND LOGISTICS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029


India Freight And Logistics Market Analysis:

The estimated value of the India Freight And Logistics Market in 2023 is USD 279.04 billion, with a projected growth to reach USD 406.23 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.46% during the forecast period (2023–2029).

Air transportation has emerged as the fastest-growing mode of transport in the India Freight And Logistics Market, with a CAGR of 8.92% during the review period. This growth is expected to continue in the forecast period, driven by the pharmaceutical and e-commerce sectors.

The domestic segment serves as the largest destination type in the India Freight And Logistics Market. This segment is primarily supported by the wholesale and retail trade end-user segment, which accounted for a significant share of 52.4% in 2022.

Among all the end-user industries, the wholesale and retail trade sector contributes the most to the India Freight And Logistics Market. This segment is propelled by the growth of e-commerce in India, which witnessed a year-on-year increase of 31.88% and reached USD 85.42 billion in 2021.

The non-temperature controlled segment dominates the temperature controls market, indicating its larger market share of over 90% during the review period.

In terms of temperature controls, the fastest-growing segment in the India Freight And Logistics Market is the temperature controlled segment. This growth is driven by India’s domestic pharmaceutical market, which was valued at USD 42 billion in 2021 and is projected to reach USD 120–130 billion by 2030.

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