How is India Logistics and Warehousing Market Positioned?
Overview: India has been ranked at 4th
position in the world in railway freight traffic after China, US and Russia. Under
the land freight corridors, ~% of domestic freight volume carried through road;
high compared to ~% in developed countries. India Logistics Market has
witnessed an average CAGR during FY14-FY19 due to favorable policy reforms from
the government, continued investment in infrastructure by both the government
and the private sector; influx of foreign players in the market in recent
years, increasing consolidation, and investing in innovative technologies has
stimulated the growth in the market.
Development strategies and
infrastructure enhancements are only being done with help of Public Private
Partnerships by the Companies.
Market: The
logistics market has seen significant growth in the last few years, recording a
CAGR of ~% during FY14-FY19 primarily due to increasing infrastructure
investment, e commerce and cold chain facilities in India. The Logistic sector
performance is still not very good in comparison to other South Asian countries
such as Indonesia and Thailand, Vietnam but has improved in the past 5 years,
currently holding a LPI Score of 3.18.
The
freight forwarding sector is the leading segment towards the revenues of the logistics
industry, followed by warehousing and courier & parcel activities. The
other sectors include value added services, e-commerce deliveries and 3PL
market.
India Logistics and Warehousing Market
By Service Mix: Freight forwarding segment has dominated the
logistics industry of India and has grown at a five-year CAGR of ~% during the
period FY14-FY19. This is primarily due to increased highway construction
per day, increasing
foreign trade with Countries such as EU, China and SEA Countries. The demand of
cold storages is increasing in many states such as UP, Maharashtra, Gujarat,
Madhya Pradesh, Haryana and others accounting for ~ % of total capacity
available in India Primarily due to
rising demand of meat, seafood and other perishable products and also due to
the additional Government Subsidy Provided on Cold chain Solutions. Warehousing and CEP sector is even expected to
boost by e commerce companies opening their fulfillment centers across India.
VAS is being popular with all companies providing VAS as part of their service
portfolio to give all possible services to their clients under one roof.
India Road
Freight Market Size
Road freight market is expected to
reach INR ~ Billion in 2019 from INR ~ Billion in 2014 with a CAGR of ~%
during the period 2014-2019P. This has been due to the Improvements in the Road
connectivity and projects such as Bhratamala Pariyojana and the Sagarmala projects and
the Eastern and Western Dedicated Freight Corridors, Improving trade relations with many countries
such as Europe, US, and Neighboring Countries, revision in GST, Axle norms and
scrappage policy by Government. Very high Road freight movements can be seen
near Mumbai and Chennai Ports with Western Coast handling ~% of total Volume.
By Mode of Service: India
freight forwarding market is dominated by Road freight with share of ~% in
terms of revenue followed by Rail freight.
By Road Freight
The
road freight is done domestically and internationally with its neighboring
countries. The number of trucks is increasing at ~ rate between 2014-2019P. The
average freight rate is ~ per ton per km.
By FTL/LTL: Majority
of the Volume transported by road is done on FTL basis by Revenue and Volume
with Average prices charged in case of LTL is higher than FTL basis.
Cost Component Analysis
Out
of the total operating cost, ~ % is held by Fuel, ~% is held by salary and ~%
by EMI, ~% margin by trucking companies.
Key Segments Covered:-
Freight Forwarding Market
By Mode of Transportation
Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)
Sea Freight (Volume, Price/ton/km, Revenue and Inland Coastal Shipping Price/ton/km)
Air Freight (Volume, Price/ton/km and Revenue)
By Road transportation
Less than Truck load (Revenue)
Full truck load (Revenue)
By Type of Fleets (Number of
Fleets)
Less Goods Carrier Vehicles
High Goods Carrier Vehicles
Companies Covered:-
GATI-KWE
VRL Logistics
TCI
OM Logistics
DGFC
Varuna
Express Logistics
Aggarwal Packers and Movers
NTC Logistics
FSC
Associated Road Carriers
KerryIndev Logistics
Coastal Roadways
Stellar Value Chain
Sical Logistics
VTrans
CEVA
Anand Roadlines
Southern Cargo
Andhra Bangalore Roadways
DHL
CTC Freight Carriers
Mahindra Logistics
ALL Cargo
TVS
Key Target Audience:-
Freight Forwarding Companies
E Commerce Logistics Companies
3PL Companies
Consultancy Companies
Logistics/Warehousing Companies
Time Period Captured in the Report:-
Historical Period – FY14-FY19
Forecast Period – FY20-FY24
For More
Information on the research report, refer to below link:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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