Market Size of India E-commerce Logistics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.98 Billion |
| Market Size (2029) | USD 7.24 Billion |
| CAGR (2024 - 2029) | 12.72 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India E-commerce Logistics Market Analysis
The India E-commerce Logistics Market size is estimated at USD 3.98 billion in 2024, and is expected to reach USD 7.24 billion by 2029, growing at a CAGR of 12.72% during the forecast period (2024-2029).
During the first wave of COVID-19, many retailers were shutting down their stores as their revenue got hit instantly. However, it started to adapt gradually. As per the India Brand Equity Foundation, an Indian Government export promotion agency, online penetration of retail is expected to reach 10.7% by 2024 compared with 4.7% in 2019, due to which many retailers started working on click-and-collect services and started partnering with logistics companies to keep their business moving forward. As the demand for door deliveries has gone up, retailers are facilitating order deliveries with logistics companies to comfort companies and retailers.
India’s retail market is expected to witness a CAGR of 10% with USD 1.6 trillion by 2026, as per the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group based in India. The Indian retail market accounts for 10% of the country’s Gross Domestic Product (GDP) and around 8% of employment. India is the world’s fifth-largest global destination in the retail space, leading to several new players' entries. In the next five years, online stores are expected to grow drastically and become equal to physical stores.
Since online retailers are more dependent on 3PL service providers, it is expected to positively influence the Indian e-commerce logistics sector.
