Press release
India Express Logistics Market Share, Trends, Opportunities, Competition, Forecast, Outlook, 2022
India express logistics sector is primarily categorized into four segments that include surface express, air express, rail parcel and Indian postal services. Surface express logistics contributes the maximum market share followed by air express and rail parcels. There is an unfavourable model mix in the Indian logistics sector that is skewed towards roads as a major mode of transportation, along with underutilization of other modes viz. rail, air and coastal shipping. Despite being insufficient mode, surface express has the highest time bounded shipments traffic share in India. Whereas railways being economic mode of time bounded shipments, transportation has lost the market share in India due to under investments leading to capacity constraints. Air express is an emerging category in India which is led by major players like Blue Dart and FedEx. Air express is the quickest possible way for time bound shipments in countries like India.
According to recently published report of Bonafide Research "India Express Logistics Market Outlook, 2022" express logistics market is gaining traction, with e-commerce penetration, economy revival, GST implementation and government's initiative of 'Make in India'. The market is expected to grow with a CAGR of close to 15% in the next coming years. A well organized and mature logistics industry has the potential to leapfrog the 'Make in India' initiative to its desired position. Also, government of India has been taking various initiatives in order to develop road, rail and air infrastructure in the country. Major government projects like Sagar Mala and Bharat Mala will reduce the time duration of shipments in coming years due to better connectivity across country. However currently, the game changing event is the implementation of GST on 1st July 2017.
Report Link: https://www.bonafideresearch.com/product/170750011/India-Express-Logistics-Market-Outlook,-2022
"After the GST implementation, global players have started to view the Indian logistics industry as an extremely favourably one and thus have announced intentions to increase their capacity of transporting goods from/ to Indian markets. In the last few years, several large global companies have entered by the way of mergers or acquisitions or joint venture agreements. With the implementation of GST, global players have set their eyes on Indian market for expansion of their express logistics businesses." said Dhwipal Shah, Director with Bonafide Research
GST implementation has changed the scenario in India express logistics industry by replacing multiple taxes levied by central and state governments. The planned dual GST model (CGST+SGST) has replaced around 29 states and federal taxes and tariffs for a single tax at the point of sale. Hence, most of the current challenges of logistics industry will be a story of the past as the goods can now move freely inter-state without any levy. The taxation in express logistics will come down to 18-21% from almost 27%. Global players like UPS, XPO Logistics, J.B hunt, C.H Robinson etc. have already set their eyes on the Indian industry for investment and expansion of their businesses. This has opened the gate for new entrants in the express logistics market. GST implementation will benefit organised sector the most, in terms of consolidation and merging of small players with larger players to leverage the mutual benefits. The sector will also attract interest from global players through foreign direct investment, joint ventures or acquisitions.
Geography: India
Base Year: 2016-17
Estimated Year: 2017-18, Forecast Year: 2021-22
Pages: 125, Figures: 38, Tables: 16
“India Express Logistics Market Outlook, 2022” discusses the following aspects of express logistics services in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of express logistics market in India:
- Global Logistics Market Outlook
- India Logistics Market Outlook
- India Logistics Market Size By Value & Forecast
- India Logistics Market Segmental Analysis: By Logistics Spending, By Mode of Transportation
- India Express Logistics Market Size By Value & Forecast
- India Organized Express Logistics Market Size By Value & Forecast
- India Organized Express Logistics Market Size By Mode of Transport By Value & Forecast
- India Organized Express Logistics Market Segmental Analysis: By Company, By Region, By Market Structure, By End User Industry
- India Unorganized Express Logistics Market Size By Value & Forecast
- India Organized Surface Express Market Size By Value & Forecast
- India Organized Surface Express Market Segmental Analysis: By Company
- India Domestic Air Express Market Size By Value & Forecast
- India Domestic Air Express Market Size By Volume & Forecast
- India Domestic Air Express Market Segmental Analysis: By Company, By Document Type, By Airline Cargo Traffic, By Freight Traffic
- India Rail Express Logistics Market Size By Value & Forecast
- India Rail Express Logistics Market Size By Volume & Forecast
- India Postal Express Logistics Market Size By Value & Forecast
- India Postal Express Logistics Market Size By Volume & Forecast
- Pricing Analysis
- Policy & Regulatory Landscape
- Key vendors in this market space
- Competitive Landscape & Strategic Recommendations
Download Sample: https://www.bonafideresearch.com/download_page.php?product_code=170750011
Major companies operating in the express logistics market of India are Gati Limited, Blue Dart Express Limited, Safexpress Private Limited, Mahindra Logistics Limited, TVS Logistics Services Limited, V-Xpress (India) Private Limited, Future Supply Chain Solutions Limited, Transport Corporation of India Limited, Startrek Logistics Private Limited (SpotOn) and FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd.
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Bonafide Research is one of the fastest growing market research and consulting company. Our report store have collection of 30,000 premium research reports for variety of industrial verticals. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Our client base consists of BCG, Ernst & Young, PwC, Inflexion, Nestle, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.
Steven Thomas
Bonafide Research & Marketing Pvt. Ltd.
Address: T-13/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Phone: +91 265 6551309 / +91 7878231309
Email: sales@bonafideresearch.com
Linkedin: www.linkedin.com/company/bonafide-research/
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