Indian Logistics Industry Outlook, 2020
発行: Frost & Sullivan
ページ情報: 英文 68 Pages
インドのGDPは、2020年に3兆200億米ドルに達し、 世界の GDPの約4％を占める見通しです。同国の経済成長をリードするのが、2025年にGDPの25％から30％を占めるようになるとみられる製造業であり、それを支えるのが物流業界です。インドの物流業界のエコシステムは、技術の進歩、電子商取引、行政改革、サービスソーシング戦略の変化などに伴う変革の波にさらされており、港湾の能力を2022年まで5％から6％のCAGRで拡大する、貨物輸送量を2017年の11億トンから2030年には33億トンに増やすといった取り組みが進められています。インドの物流業界は、2019年から2025年まで10.5％のCAGRで成長を続ける見通しです。
Advancements in Digital Technologies, Changing Consumer Preferences Due to eCommerce, Government Reforms, and Shift in Service Sourcing Strategies are Expected to Lead the Transformation of the Indian Logistics Ecosystem
Advancements in digital technologies, changing consumer preferences due to eCommerce, government reforms, and shift in service sourcing strategies are expected to lead the transformation of the Indian logistics ecosystem. Digitalization will improve the efficiency and performance in freight management and port operations. Warehouse automation will help achieve operational efficiencies to counter supply-chain cost pressures in the industry. Increased investment in infrastructure, last-mile connectivity, and emerging technologies are streamlining the logistics landscape in India. India's GDP is expected to reach 3.02 trillion in 2020, representing about 4% of the global GDP. Strong growth supported by government reforms, transportation sector development plans, growing retail sales, and the eCommerce sector are likely to be the key drivers of the logistics industry in India. Online freight platforms and aggregators are on the rise in the Indian logistics market, given the need for low entry barriers and less capital investment compared to setting up of an asset-based business model. Manufacturing in India holds the potential to contribute up to 25%-30% of the GDP by 2025 which will drive the growth of the warehousing segment in India.
The logistics market in India is forecasted to grow at a CAGR of 10.5% between 2019 and 2025. It has been awarded infrastructure status which has made it easier for investment inflows and has become a major growth driver of the logistics industry. eCommerce is another major segment which is expected to support growth of the logistics industry during the forecast period. Increasing investments and trade point toward a healthy outlook for the Indian freight sector. Port capacity is expected to grow at a CAGR of 5% to 6% by 2022, thereby, adding a capacity of 275 to 325 MT. Indian Railways aims to increase its freight traffic from 1.1 billion tons in 2017 to 3.3 billion tons in 2030. Freight traffic on airports in India has the potential to reach 17 million tones by FY40. Lack of supporting infrastructure, automated material handling systems, and high manual process interference are some key areas where the Indian air cargo industry lags its global peers.
Grant of infrastructure status to logistics, introduction of E-Way bill, and GST implementation are set to streamline the logistics sector in India. Setting up of a logistics division under Department of Commerce, technology upgrades, and development of dedicated freight corridors and logistics parks are also major moves to upgrade the logistics landscape.
Logistics start-ups in India gained a substantial foothold after the onset of eCommerce, and there are several new companies that are gaining traction in the industry. Online platforms have increased competition and lowered freight costs with real-time data availability and a transparent value chain. It is imperative for logistics service providers to innovate and adapt to the transforming logistics landscape.
This study analyses the Indian logistics market and provides a 2020 outlook in terms of various modes and segments of logistics: air freight, ocean freight, road freight, cold chain transportation, eCommerce, and warehousing. It also provides a global logistics market snapshot, India's economic trends and forecast for 2020, economic sectors and share of logistics services in India, logistics market size and forecast till 2025, freight traffic, including road, rail, and air traffic. It covers government policies focused on logistics development, emerging business models, opportunities with digital technologies, key trends affecting the industry that include latest government regulations, key start-ups, major challenges, and disruptive innovations in the industry. It summarizes growth opportunities and strategic imperatives for success and growth in the market.