Tuesday, October 8, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Increased Investment in Transport Infrastructure and Rising Demand from End Users has...

Increased Investment in Transport Infrastructure and Rising Demand from End Users has Influenced Growth in Logistics Industry: Ken Research

Impact of GST: GST has facilitated the reduction in the transit and turnaround times of trucks by removing the multiple state taxes which were applicable earlier. In the warehousing industry, GST has led to the consolidation of the numerous warehouse companies had all over India and move towards a hub-and-spoke model of distribution. Owing to this, consolidation of the warehouse, increase warehousing size and companies have started increasing focus on Value-added-services to claim Input Tax Credit

Rising Demand of Cold Storage: India is home to the largest installed capacity of cold storage in the world, most of them being traditional cold storage capable of storing only potatoes. However, with government support for investment in cold chain infrastructure, the demand for cold storages from other end-user industries like meat and seafood, pharma, and frozen food and QSR is expected to grow in the future, as well as from fresh food which was previously not stored in cold storage.

Challenges in Logistics Industry: The logistics industry in India faces many challenges like unorganized and fragmented markets, poor infrastructure, lack of skilled labor, driver shortages, and overcapacity in the trucking industry, as well as land acquisition problems in the warehousing industry. ~25% of the national highways are congested due to low lane capacity, with the majority of national highways having two lanes or less.

Impact of COVID-19 on Trucking Industry: COVID-19 has severely impacted the trucking industry adversely. ~60% Transporters are refusing loads with driver shortage & fear of safety due to incidents of police harassment on highway checkpoints. The closure of restaurants and dhabas means the stranded truckers have nothing to eat.  SFOs that live hand to mouth worst-hit ~16% SFOs have not received any load for >10 days. With thousands of vehicles stranded & drivers not expected to resume work until the situation improves, the transport sector is undergoing a paralysis. The initiatives launched to provide relief are very short-term measures that are only to provide immediate relief. The industry will need long- term plans to reach pre-lockdown operation levels. Production & demand for transport needs to pick up before the transport industry is back on its feet. The worst-case the scenario would be if the lockdown or the Corona scare is extended further for a few more months.

The report titled “India Logistics Market Outlook to FY24 – Driven by Government Infrastructure Push, New Age Logistics Startups, and Technology Innovation” provide a comprehensive analysis on the status of the logistics sector in India. The report covers various aspects including the current logistics scenario in India, its components viz, freight transportation, warehousing, CEP, VAS, and cold chain industries, the issues and challenges, major growth drivers, investment in infrastructure, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for the future of the industry including forecasted industry size by revenue.

Key Segments Covered: –

Freight Forwarding Market

By Revenue by Mode of Transportation

Road Freight (Volume and Revenue)

Rail Freight (Revenue)

Sea Freight (Revenue)

Air Freight (Revenue)

Warehousing Market

Space by Business Model

Industrial/Retail

CFS/ICD

Cold Storage

Agriculture

Warehousing Space by Region

NCR

Mumbai

Bangalore

Pune

Chennai

Kolkata

Hyderabad

Ahmedabad

Others

Space by End User

3PL

E-Commerce

Retail

Engineering & Manufacturing

Electronics

Others

Cold Chain Market

Revenue by Service

Cold Transportation

Cold Storage

Revenue by Temperature Range

Freezers

Chillers

Ambient

Snapshot on Co-Packing Market in India

Companies Covered

TCI

Agarwal Packers and Movers

Varuna Group

Gati

VRL Logistics

Blue Dart

DTDC

Safexpress

NTC Logistics India

KerryIndev Logistics

Stellar Value Chain

Shree Shubham Logistics

Central Warehousing Corporation

Avvashya CCI

Rhenus Logistics

Avanthi Warehousing Services

ATR Warehousing

Snowman Logistics

Coldman Logistics

ColdStar Logistics

ColdEx

Gubba Cold Storage

Crystal Group

Key Target Audience

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Logistics/Warehousing Companies

Real Estate Companies/ Industrial Developers

Time Period Captured in the Report: –

Historical Period – 2014-2019

Forecast Period – 2020-2024F

Key Topics Covered in the Report: –

India Logistics Market Forecast

India Logistics Market Future Outlook

India Freight Transportation Market

India Cold Chain Market

India Cold Storage Market

India Air Freight Market

COVID-19 Impact on Indian Trucking Industry

Number of Warehouses in India

Logistics Market in India

India Logistics Industry

Logistics Industry in India

India Logistics Market Growth Rate

India Warehousing Market

India Warehousing Industry

Warehousing Industry in India

Warehousing Market in India

Road Transportation Market in India

For More Information on the research report, refer to below link: –

India Logistics Industry Growth

Related Reports by Ken Research: –

UAE Cold Chain Market Outlook To 2025 – By Cold Storage (Ambient, Chilled And Frozen Warehousing) And Cold Transport (Land, Sea And Air), By End User (Dairy Products, Meat And Seafood, Pharmaceuticals, Fruits And Vegetables And Others) And By Ownership (Integrated And Contract Logistics)

UAE Logistics And Warehousing Market Outlook To 2025 – By Road , Sea And Air Freight Forwarding; Domestic And International Freight, Major Flow Corridors, Integrated And Contract Freight Forwarding; By Warehousing (Industrial / Retail, CFS / Inland Container Depot & Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food And Beverage, Automotive, Oil And Gas, Healthcare), Type Of Warehouses; By Courier Express & Parcel Market , And, E-Commerce Logistics

Turkey Logistics And Warehousing Market Outlook To 2025 – By Domestic And International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight And Pipelines, Sea, Air And Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic And Cross Border E-Commerce Logistics

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

RELATED ARTICLES

What Makes Activa 6G Red Colour Stand Out Style and Features Reviewed

The Honda Activa Scooty has been a popular choice in the Indian market for decades, and the new Activa 6G Red Colour has taken...

Car Rental Market Share: Understanding the Competitive Landscape

In the fast-paced world of transportation, the car rental market stands as a dynamic and indispensable sector, offering mobility solutions to individuals and businesses...

Used Vehicles Market: Major Players and Trends

In the ever-evolving landscape of transportation, the used vehicles market emerges as a dynamic and bustling sector, teeming with opportunities and challenges alike. From...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...