Online shopping-smartphone drive growth in logistics
The “E-commerce Logistics Market in India” is expected to reach Rs.601.09 billion by 2029, expanding at a compound annual growth rate (CAGR) of ~16.03% during the 2024 – 2029 period.
The e-commerce industry’s quick expansion is fuelled by shifts in consumer tastes, higher internet usage, and a growing middle class looking for convenience and a wider selection of goods, said the report added to ResearchAndMarkets.com‘s offering since 21 Feb.
The growth of India’s e-commerce logistics market in 2024 is driven by several key factors. Rising internet and smartphone penetration, especially in rural areas, has broadened the consumer base, while rapid adoption of digital payments has facilitated seamless online transactions https://www.bseindia.com/.
Additionally, advancements in technology, such as real-time tracking and automated warehousing, have enhanced logistics efficiency. Finally, supportive government policies and investments in infrastructure are enabling faster, more reliable delivery networks across the country https://www.nseindia.com/.
In 2024, the e-commerce logistics market in India experienced robust growth driven by the rapid expansion of online shopping and increased smartphone penetration https://digitalinasia.com/.
Logistics providers are increasingly focused on last-mile delivery innovations, including drone and EV-based solutions, to reduce delivery times and costs https://sbi.com.in/.
Players in the industry are:
BusyBees Logistics Solutions Private Limited (XpressBees);
Instakart Services Private Limited (Ekart Logistics);
Shadowfax Technologies Private Limited;
FedEx Express Transportation and Supply Chain Services (India) Private Limited. Fiinews.com
