With The E-Commerce Growth, India's E-Logistics Market Is Expected To Reach $9 bn

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With The E-Commerce Growth, India's E-Logistics Market Is Expected To Reach $9 bn
01 Nov 2022
min read

News Synopsis

According to a report released on Monday, India's e-logistics industry is on track to exceed $9 billion in revenue and is one of the world's largest and fastest-expanding logistics markets. In the following five years, it is anticipated that the quantity of e-commerce logistics shipments will increase four-fold.

According to a report by Bengaluru-based Redseer Strategy Consultants, "new-age tech-enabled players who have entered India's logistics arena have made it easier for small- and medium-sized businesses to transport goods and there is a drastic increase in the speed and efficiency with which parcels are delivered."

With regard to these players, Delhivery is ideally situated at the intersection of the numerous development drivers for the logistics industry, including infrastructure, offline trade, digital consumption, and technological and data-driven adoption.

The growth of India's logistics industry as a whole and the e-retail boom were made possible by the e-commerce logistics industry.

A disruption in logistics is now necessary due to the growth of smartphones and the localization of the internet into non-English languages, which is attracting new customers from non-metro areas and generating new demand for online commerce.

The report says that the availability of various payment alternatives, including as UPI, no-cost EMI, BNPL (buy now, pay later), etc., are encouraging more customers to adopt digital commerce and resulting in a need for e-commerce logistics.

"Multiple segments in the Indian logistics market are addressable by full-stack-tech-enabled logistics service providers. There seems to be great headroom for growth as tech-enabled logistics players venture into adjacent segments such as hyperlocal delivery, express delivery, trucking, and more," the report said.

TWN Special