India Freight and Logistics Market Analysis by Mordor Intelligence
The India freight and logistics market size is expected to increase from USD 315.9 billion in 2026 to USD 343 billion in 2027 and reach USD 523.3 billion by 2032, growing at a CAGR of 8.82% over 2027-2032.
Tightly timed retail fulfillment and temperature-controlled healthcare handling in India expand demand for coordinated logistics services. Integrated networks and shared movement data give providers ways to connect collection, storage and transport within those service commitments. The Middle East conflict that began on February 28, 2026, raised rerouting and war-risk costs for Indian export cargo moving through the region. Driver shortages constrain available capacity, while fuel’s large share of transporter operating expenses exposes small and mid-sized fleets to cash-flow pressure when diesel prices rise without adequate freight-rate pass-through. Small-fleet providers with limited bargaining power may therefore absorb input-cost increases while meeting the timed service commitments of retail and healthcare buyers.
Key Report Takeaways
- By end-user industry, wholesale and retail trade held a 33.71% India freight and logistics market share in 2026 and is forecast to be the fastest-growing segment at a 9.45% CAGR over 2027-2032.
- Among logistics functions, freight transport accounted for a 62.75% share of the India freight and logistics market size in 2026, while courier, express and parcel is projected to grow fastest at a 10.17% CAGR over 2027-2032.
Note: Market numbers in this report are based on Mordor Intelligence's proprietary estimation framework, which combines nine months of actuals with Q4 projections for base year 2026.
Market Trends and Insights
Drivers Impact Analysis of India Freight and Logistics Market*
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Omnichannel and D2C Fulfillment Surge | +4.2% | Bengaluru retail fulfillment clusters | Short term (≤ 2 years) |
| Real-Time Visibility and Predictive ETA Mandate | +2.6% | Nationwide | Short term (≤ 2 years) |
| Flexible Delivery Windows and "Anytime Returns" | +2% | Nationwide | Short term (≤ 2 years) |
| Pharmaceutical Cold-Chain Integrity Demands | +1.7% | Hyderabad pharmaceutical and healthcare logistics | Medium term (2-4 years) |
| Defense and Aerospace Logistics Outsourcing Surge | +0.9% | Nationwide | Medium term (2-4 years) |
| Ultra-High Service-Level SLAs for Industrial OEMs | +1.2% | Nationwide | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Omnichannel and D2C Fulfillment Surge
Retail stores can become fulfillment points when a direct-to-consumer brand promises rapid delivery to nearby online shoppers. In July 2025, Snitch reported that its Bengaluru quick-delivery model fulfilled around 12-15% of the brand’s daily online orders in the city. The menswear brand used 13 Bengaluru stores as active micro-fulfillment hubs, with delivery within 60 minutes or the same day depending on location and order timing. This configuration links a retail footprint to dispatch capacity, giving local order concentration a direct operational role in fulfillment. For a store-based fulfillment service, delivery speed depends on dispatch readiness at the local outlet as well as the delivery vehicle.
Real-Time Visibility and Predictive ETA Mandate
Movement visibility makes a logistics service easier to coordinate when it crosses several operating handoffs. The Department for Promotion of Industry and Internal Trade reported more than 2.17 billion cumulative Unified Logistics Interface Platform (ULIP) transactions since January 2022 in its 2025-26 annual report. It also recorded 215 applications developed by 165 private players using ULIP’s application programming interfaces. Those applications illustrate a technical route for bringing shared logistics data into the coordination of contracted freight movements. For a freight provider, the commercial opportunity is to connect that information with collection, transfer and dispatch decisions. Shared movement data can support paid freight coordination through rescheduling delayed transfers and adjusting warehouse receiving, connecting platform use to physical service execution.
Flexible Delivery Windows and "Anytime Returns"
Flexible delivery windows change the service obligation from moving a shipment to completing its handoff at an agreed time. An appointment creates a coordination task because collection and onward dispatch must fit the receiving window promised to the buyer. Returns add a reverse movement whose collection and handling can be contracted separately from the original delivery. Combining forward dispatch and reverse collection can therefore expand the range of paid services a retailer buys without requiring another merchandise order. A provider that bundles scheduled delivery with reverse collection can bill for both directions under one service agreement.
Pharmaceutical Cold-Chain Integrity Demands
Pharmaceutical shippers create demand for logistics services that preserve specified temperature conditions through transfers between transport stages. On May 5, 2026, Kuehne+Nagel opened a 248-square-meter healthcare airfreight cross-dock in Hyderabad, with zones of 2°C to 8°C and 15°C to 25°C.[1] Those separate zones make controlled handling, rather than simply additional floor space, the relevant capability for pharmaceutical and medical shipments. Celcius Logistics also announced the launch of Celcius+, a dedicated pharmaceutical supply-chain logistics arm, on August 12, 2025. A forwarder can therefore route healthcare shipments with different temperature requirements through one Hyderabad transfer location while keeping their handling zones separate.
Restraints Impact Analysis of India Freight and Logistics Market*
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Driver Shortage and High Attrition | -1.4% | Jawaharlal Nehru Port Authority and connected freight stations | Short term (≤ 2 years) |
| Highly Fragmented Truck Ownership | -1.1% | Nationwide | Medium term (2-4 years) |
| Volatile Diesel and LNG Price Spread | -0.8% | Nationwide | Short term (≤ 2 years) |
| Geopolitical Route Volatility (Red Sea / Panama) | -0.5% | Nationwide maritime export corridors | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Driver Shortage and High Attrition
A shortage of trailer drivers can prevent available container-handling infrastructure from translating into timely inland movement. In 2026, a driver shortage at container freight stations delayed evacuation of 25,000 import containers at Jawaharlal Nehru Port Authority (JNPA). For importers and their logistics contractors, the constraint lies at the transfer from port handling to onward transport. JNPA moved some containers by rail to nearby container freight stations with sidings and began scanning double containers together to cut processing time. The importer’s cargo-delivery commitment can therefore carry an evacuation delay risk when the onward trailer movement lacks a driver.
Highly Fragmented Truck Ownership
Operating-cost recovery and zero-emission truck financing can impose separate limits on a small fleet’s service offer. ICRA’s June 2026 assessment placed unorganized operators with fewer than 5 trucks at around 80% of India’s road-logistics industry. It said their limited bargaining power may make them absorb part of input-cost increases to support fleet utilization. In September 2026, NITI Aayog identified structural fragmentation and high financing costs as constraints on heavy-duty freight electrification in India. For operators considering zero-emission freight services, obtaining vehicle finance is therefore a separate constraint from keeping existing trucks utilized. Fragmentation can consequently limit which service commitments a small fleet can afford to offer, alongside the costs it can pass to shippers.
*Our forecasts treat driver/restraint impacts as directional, not additive. The impact forecasts reflect baseline growth, mix effects, and variable interactions.
India Freight and Logistics Market Segment Analysis
By End-User Industry:
Retail Networks Create Replenishment WorkWholesale and retail trade accounted for a 33.71% share of the India freight and logistics market size in 2026 and is forecast to be the fastest-growing segment, with a 9.45% CAGR over 2027-2032. The largest segment’s retail reach is illustrated by Amazon Now, which served more than 120 Indian cities through close to 800 micro-fulfillment and urban fulfillment centers in October 2026. Its retail service offered daily essentials including groceries, personal care products and small appliances. The combination of many local centers and several product categories creates a geographically distributed receiving task. Contracted logistics providers can address that task through replenishment services alongside individual-order fulfillment.
Retail shopping peaks create a different capacity decision from maintaining a distributed fulfillment footprint. During the opening period of Amazon’s 2026 Great Indian Festival, customers ordered over 100% more products year over year. Providers serving such peaks can reserve temporary handling capacity around the event rather than treating the short burst as a permanent operating requirement. Agriculture, fishing, and forestry includes foodgrain distribution, with the Food Corporation of India moving approximately 28.33 million metric tons in 2025 for National Food Security Act and other schemes. This grain movement requires bulk dispatch capacity, while the retail peak calls for handling capacity that can be withdrawn after the event.
By Logistics Function:
Freight Scale Meets Parcel ExpansionFreight transport represented a 62.75% India freight and logistics market share in 2026. The largest segment spans road, rail, air, pipelines, sea and inland waterways, giving it several forms of physical carrying capacity. Indian Railways carried 1.67 billion metric tons of freight in India during FY2025-26. Road dominated India’s domestic freight movement in FY2025 at 71%, ahead of second-ranked railways at 18%, according to Yatayat Corporation India Limited’s filing citing CareEdge.
Courier, express and parcel (CEP) is the fastest-growing segment, with a forecast CAGR of 10.17% over 2027-2032. Delhivery, Ltd. reported 322 million express parcel shipments in India in April-June 2026, its Q1 FY27, up 55% year over year.[2] Delhivery’s Express Parcel service EBITDA margin was 15.6% in that quarter, excluding Ecom Express integration costs and revenue from transitioning Ecom Express businesses, Delhivery Local, Rapid and Financial services. That is 3.2 percentage points below the 18.8% reported for Q4 FY26 on the same basis, so the margin fell sequentially while shipments rose year over year.
Geography Analysis
Western and southern states present different combinations of maritime gateways and inland connections for freight providers. The Department for Promotion of Industry and Internal Trade’s Logistics Ease Across Different States (LEADS) 2025 assessment classified Tamil Nadu as a coastal-state Exemplar, describing advanced infrastructure, efficient multimodal connectivity and preparedness in logistics innovation. Maharashtra’s perception scores for improvement in airport and rail infrastructure were above national and coastal averages in the same assessment. In Gujarat, Deendayal Port Authority at Kandla handled 160.11 million metric tons of cargo in FY2025-26. This combination gives an integrated supplier distinct assignments in port-cargo handling and the rail or air connections serving industrial and hinterland locations.
Karnataka’s port cargo and Haryana’s new rail yard show activity changing in different parts of the freight chain. Karnataka’s major and non-major ports handled 22.88 million metric tons of cargo in April-September 2025-26, up from 21.34 million a year earlier, on provisional data. In August 2026, Haryana Chief Minister Nayab Singh Saini flagged off the first freight train from the new rail yard at the Integrated Multi-Modal Logistics Hub in Nangal Chaudhary, Mahendragarh district. An operator would assemble a transport service differently around Karnataka’s port-linked cargo than around Haryana’s rail-origin facility.
Uttar Pradesh and Punjab distinguish inland corridor access from the cargo-origin function of foodgrain dispatch. LEADS 2025 classified Uttar Pradesh as a landlocked-state Exemplar, citing logistics initiatives including dedicated freight corridors. In 2025, Indian Railways dispatched approximately 1,384 metric tons of foodgrains from Ajit Wal Railway Station in Punjab to Anantnag. The train marked the first bulk rail-based foodgrain supply to Anantnag Railway Station. For a freight provider, the Punjab departure demonstrates a commodity-specific extension of rail supply, while Uttar Pradesh’s corridor profile points toward a broader transport and handling offer.
Regulatory Framework and Outlook
Selected jurisdictions are compared from the perspective of an integrated freight service provider coordinating transport and warehouse operations. The national framework assigns documentation duties for qualifying consignments to registered persons and, in specified handover cases, transporters. Tamil Nadu’s policy adds a state coordination framework through Tamil Nadu Industrial Development Corporation Limited (TIDCO). The two regimes therefore differ in kind, with one governing documentation on each covered shipment and the other a standing channel for coordinating logistics initiatives.
Regulatory Table of India Freight and Logistics Market
| Decision factor | India | Tamil Nadu |
|---|---|---|
| Primary authority | Central Board of Indirect Taxes and Customs | Tamil Nadu Industrial Development Corporation Limited |
| Key instruments or direction | Central GST e-way bill rules for registered persons causing movements above the prescribed consignment-value threshold | Logistics Policy 2023, effective for 5 years from promulgation unless revised or amended earlier |
| Commercial effect | Registered persons furnish pre-movement information and transporter details; transporters generate the bill in the specified handover case when it was not already generated | Coordination and tracking of logistics initiatives and incentives |
| Current policy attractiveness | Medium | High |
| Future direction of policy attractiveness | No change | No change |
| Source: Mordor Intelligence | ||
India’s Medium rating and No change direction reflect pre-movement documentation duties and the continuing allocation of responsibilities between registered persons and transporters. Tamil Nadu receives a High rating for TIDCO’s dedicated coordination role under its logistics framework. The policy and its proposed fiscal incentives have 5-year terms from promulgation, subject to earlier policy revision or amendment, with incentive extensions considered on effectiveness and emerging requirements. Its No change direction reflects the separate Integrated Logistics Plan’s 10-year horizon from notification and envisaged rolling updates, providing freight operators a longer planning framework.
Value Chain Stages
The value chain compares shipment coordination, origin storage and trunk transport as distinct sources of logistics service income. In June 2025, Adani Ports and SEZ operated its first double-stacked rake from ICD Tumb to ICD Patli, strengthening connectivity between JNPT and the Delhi NCR hinterland. Delhivery moved approximately 2 million metric tons of part-truckload freight in FY26, up 17% year over year. Both examples concern trunk movement, where the rail-road interface affects whether carrying capacity can support a complete, billable freight service.
Value Chain Analysis Table of India Freight and Logistics Market
| Primary activity | Key participants | Value capture | Bottleneck | Resilience response |
|---|---|---|---|---|
| Shipment planning and international coordination | International freight coordinators such as Mahindra Logistics, Ltd. and Adani Ports and SEZ | Freight coordination service fees | Misaligned bookings across connecting transport legs | Coordinate bookings and reserve connecting capacity |
| Origin storage and consolidation | Warehouse service operators such as Mahindra Logistics, Ltd. and Adani Ports and SEZ | Storage and handling service fees | Receiving capacity mismatched with dispatch schedules | Match storage allocation to booked dispatch windows |
| Trunk freight movement | Road freight operators such as Delhivery, Ltd.; rail freight operators such as Adani Ports and SEZ | Freight transport charges | Transfer capacity at rail and road interfaces | Pair trunk rail departures with road feeder capacity |
| Source: Mordor Intelligence | ||||
Mahindra Logistics, Ltd. managed 20.4 million square feet of warehousing space in FY26. Its freight-forwarding revenue grew 14% year over year in the same financial year. The combination illustrates how storage operations and shipment coordination can provide different service-income streams within one logistics business. Forwarding fees can be earned independently of supplying warehouse space for the same shipment, allowing a combined provider to capture value through either activity.
Competitive Landscape
Competition combines fragmented truck ownership with organized express networks and integrated multimodal businesses. Major competitors include DHL Group, Delhivery, Ltd., Blue Dart Express, Ltd., Allcargo Logistics, Ltd. (Including Gati Express), and TCI (Transport Corporation of India Ltd.). Blue Dart provides express-air and integrated transportation and distribution services as part of DHL Group’s DHL eCommerce division. Delhivery completed its Ecom Express acquisition on July 18, 2025, and subsequently reported retaining 7 facilities totaling 1.3 million square feet after network rationalization.
For shippers needing distribution and ongoing logistics support, common company ownership offers a potential route to a coordinated contract. On November 1, 2025, Allcargo Logistics, Ltd. became the resulting company for domestic express distribution formerly under Allcargo Gati and for the domestic contract-logistics business. Allcargo Gati launched 24-hour Air Express delivery to 8 cities on June 10, 2025, backed by connectivity to 34 commercial airports. The subsequent merger brought that express business together with domestic contract logistics, giving shippers a potential way to coordinate time-definite dispatch with contracted logistics handling through the same supplier.
Multimodal execution gives integrated operators another basis for competition because the offer includes managing connections between transport and storage. TCI integrates road, rail, sea and warehousing solutions, with operating divisions including TCI Freight, TCI Supply Chain Solutions and TCI Seaways. It reported higher revenue from operations for its consolidated company group in FY2025-26 than in FY2024-25. Blue Dart reported year-over-year revenue growth in FY2025-26, supported by e-commerce and B2B surface express solutions. For a shipper consolidating freight, Blue Dart’s express focus and TCI’s combination of transport modes and warehousing offer a choice between express specialization and multimodal integration.
India Freight and Logistics Industry Leaders
-
DHL Group
-
Delhivery, Ltd.
-
Blue Dart Express, Ltd.
-
Allcargo Logistics, Ltd. (Including Gati Express)
-
TCI (Transport Corporation of India Ltd.)
- *Disclaimer: Major Players sorted in no particular order
India Freight and Logistics Market Companies Covered in this Report
- Adani Ports and SEZ
- Allcargo Logistics, Ltd. (Including Gati Express)
- Amazon
- Blue Dart Express, Ltd.
- Busybees Logistics Solutions Pvt. Ltd.
- Container Corporation of India, Ltd.
- Delhivery, Ltd.
- DHL Group
- DSV A/S (Including DB Schenker)
- DTDC Express, Ltd.
- Ecom Express, Ltd.
- FedEx
- Ekart Logistics
- Kuehne+Nagel
- LEAP India Ltd.
- Mahindra Logistics, Ltd.
- Redington, Ltd.
- Safexpress Pvt. Ltd.
- Shadowfax
- Snowman Logistics Ltd.
- TCI (Transport Corporation of India Ltd.)
- TVS Supply Chain Solutions Ltd.
- United Parcel Service of America, Inc. (UPS)
- VRL Logistics Ltd.
Recent Industry Developments in India Freight and Logistics Market
- Sep 2026: Adani Ports and SEZ received a Letter of Award to develop and operate 2 dry-bulk berths at Paradip, Odisha, under a 30-year public-private partnership concession, covering 18 million metric tons of planned capacity.
- Sep 2026: NITI Aayog launched PACT to aggregate shipper and logistics-provider freight demand into deployment opportunities for electric medium- and heavy-duty trucks on identified Indian corridors.
- Aug 2026: Haryana’s chief minister flagged off the first freight train from the new rail yard at the Integrated Multi-Modal Logistics Hub in Nangal Chaudhary.
Scope and Methodology
Segmentation Overview
By End-User Industry
| Agriculture, Fishing, and Forestry |
| Construction |
| Manufacturing |
| Oil and Gas, Mining, and Quarrying |
| Wholesale and Retail Trade |
| Others |
By Logistics Function
| Courier, Express and Parcel (CEP) | By Destination Type | Domestic |
| International | ||
| Freight Forwarding | By Mode of Transport | Air |
| Sea and Inland Waterways | ||
| Others | ||
| Freight Transport | By Mode of Transport | Air |
| Pipelines | ||
| Rail | ||
| Road | ||
| Sea and Inland Waterways | ||
| Warehousing and Storage | By Temperature Control | Non-Temperature-Controlled |
| Temperature-Controlled | ||
| Other Services | ||
| By End-User Industry | Agriculture, Fishing, and Forestry | ||
| Construction | |||
| Manufacturing | |||
| Oil and Gas, Mining, and Quarrying | |||
| Wholesale and Retail Trade | |||
| Others | |||
| By Logistics Function | Courier, Express and Parcel (CEP) | By Destination Type | Domestic |
| International | |||
| Freight Forwarding | By Mode of Transport | Air | |
| Sea and Inland Waterways | |||
| Others | |||
| Freight Transport | By Mode of Transport | Air | |
| Pipelines | |||
| Rail | |||
| Road | |||
| Sea and Inland Waterways | |||
| Warehousing and Storage | By Temperature Control | Non-Temperature-Controlled | |
| Temperature-Controlled | |||
| Other Services | |||
Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international parcels.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Freight Forwarding - Freight forwarding which herein refers to the freight transportation arrangement (FTA) industry includes establishments primarily engaged in arranging & tracking transportation of freight between shippers and carriers. Logistics Service Providers (LSPs) considered are freight forwarders, NVOCCs, custom brokers and marine shipping agents. Others segment under Freight Forwarding captures the revenue earned through value added services of FTA like custom brokerage/clearance activities, preparation of freight related documentation, consolidation-deconsolidation of goods, cargo insurance & compliance, arrangement of warehousing & storage, liasing with shippers, and freight forwarding through other modes of transport viz. road and rail.
- Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), freight and logistics market demand by mode of transport segments and hence the overall freight and logistics market size.
- Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Freight Transport - Freight Transport refers to the hiring of a logistics service provider (outsourced logistics) for the transport of commodities (raw materials/final/intermediate/finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international).
- Freight and Logistics - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non-temperature controlled), CEP (domestic or international courier, express and parcel) and other value-added logistics services involved in the transportation of commodities (raw materials or finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international), through one or more modes of transportation viz. road, rail, sea, air and pipelines constitute freight and logistics market.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Liner Shipping Bilateral Connectivity Index - It indicates a country pair's integration level into global liner shipping networks and plays a crucial role in determining bilateral trade, which in turn potentially contributes toward the prosperity of a country and its surrounding region. Hence the major economies connected to the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Liner Shipping Connectivity - This industry trend analyses the state of connectivity to the global shipping networks based on the status of maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices for the geography (country/ region as per scope of the report) over the review period.
- Liner Shipping Connectivity Index - It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. It is based on five components of the maritime transport sector: (1) The number of shipping lines servicing a country, (2) The size of the largest vessel used on these services (in TEUs), (3) The number of services connecting a country to the other countries, (4) The total number of vessels deployed in a country, (5) The total capacity of those vessels (in TEUs).
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Maritime Fleet Load Carrying Capacity - Maritime fleet load carrying capacity depicts the development state of an economy's maritime infrastructure & trade. It is influenced by factors like volume of production, international trade, major end user industries, maritime connectivity, environmental regulations, investments in port infrastructure development, port container cargo handling capacity etc. This industry trend represents the maritime fleet load carrying capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo, among other types alongwith the influencing factors for the geography studied (country/ region as per scope of the report), over the review period.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D). Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Other Services - Other Services segment captures revenue earned through (1) Value added services (VAS) for freight transportation by road, rail, air and sea & inland waterways, (2) VAS for marine cargo transportation (operation of terminal facilities such as harbours and piers, operation of waterway locks, navigation, pilotage and berthing activities, lighterage, salvage activities, lighthouse activities, among other miscellaneous support activities), (3) VAS for land freight transportation (operation of terminal facilities such as railway stations, stations for the handling of goods, operation of railroad infrastructure, switching and shunting, towing and road side assistance, liquefaction of gas for transportation purposes, among other miscellaneous support activities), (4) VAS for air cargo transportation (operation of terminal facilities such as airway terminals, airport and air-traffic-control activities, ground service activities on airfields, runway maintenance, inspection/ ferrying/ maintenance/ testing of aircrafts, aircraft fuelling services, among other miscellaneous support activities), (5) VAS for warehousing and storage service (operation of grain silos, general merchandise warehouses, refrigerated warehouses, storage tanks etc., storage of goods in foreign trade zones, blast freezing, crating goods for shipping, packing and preparing goods for shipping, labelling and/or imprinting the package, kit assembling and packaging services, among other miscellaneous support activities), and (6) VAS for courier, express and parcel service (pickup, sorting).
- Port Calls and Performance - The performance of ports is key to an economy's freight movement, trade, global connectivity, successful growth strategies, investment attractiveness for production & distribution systems, and thus affects GDP, employment, per capita income and industrial growth. Hence, the port perfomance parameters like median time spent by vessels in the ports; average age, size, cargo carrying capacity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented in this industry trend.
- Port Liner Shipping Connectivity Index - It reflects a port's position in the global liner shipping network, wherein a higher value of index is associated with better connectivity. Efficient and well-connected ports (1) contribute towards minimizing transport costs, linking supply chains and supporting international trade, (2) pave the way for economies of scale and development of expertise by permitting producers to better exploit possibilities in domestic as well as foreign markets. Hence the major ports of strategic importance, in the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Port Throughput - It reflects the amount of cargo or number of vessels a port handles annually. It can be related to (1) cargo tonnage, (2) container TEU, and (3) vessel calls. Port throughput in terms of total containers handled (TEU's), has been presented in the "Port Calls and Performance" industry trend.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the freight and logistics market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Warehousing and Storage - Warehousing and storage segment captures revenue earned through the operation of general merchandise, refrigerated and other types of warehousing & storage facilities. These establishments take responsibility for storing the goods and keeping them secure in lieu of charges. Value added services (VAS) they may provide are considered to be a part of the "other services" segment. Here VAS refer to a range of services, related to the distribution of a customer's goods and can include labelling, breaking bulk, inventory control & management, light assembly, order entry & fulfillment, packaging, pick & pack, price marking & ticketing and transportation arrangement.
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
| Keyword | Definition |
|---|---|
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage. |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination—which, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
