India logistics companies are concentrating on improving their operations and satisfying the market needs by implementing a number of strategic measures. They are investing in cutting-edge technologies like blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to increase productivity, optimize processes, and improve user experience. Logistics market players are providing specialized services and solutions such as last-mile delivery and reverse logistics to meet the demands of online retailers in response to the thriving e-commerce sector. Industry players are developing their large-scale warehouse facilities and multi-modal logistics parks to increase their warehousing capacities. They are enhancing their cold chain logistics infrastructure to meet the growing demand for products that are sensitive to temperature.
In addition, top market stakeholders are focusing on reducing their carbon footprint by adopting eco-friendly practices such as using electric vehicles, optimizing delivery routes to reduce fuel consumption, and investing in renewable energy sources for their facilities. They are shifting to sustainable packaging options in an effort to reduce their environment impact. Moreover, logistics providers are developing strategic alliances with e-commerce enterprises, technology providers, and other stakeholders to broaden their service offerings and geographic reach across the globe. Industry players are spending money on employee training and skill development programs to foster improved productivity and service quality. In addition, logistics firms are making sure that new laws such as the goods and services tax (GST) and other sector-specific rules are followed in their facilities. They are refining their trade facilitation and customs procedures to make cross-border logistics operations more efficient. Value-added services like inventory control, packaging, labeling, and assembly are also offered by them to provide their clients with complete logistics solutions. Additionally, they are catering to the needs of sectors such as healthcare, automotive, and retail.
According to IMARC Group, The India logistics market size reached US$ 282.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 557.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.85% during 2024-2032.
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On 18 January 2024, ABB acquired a majority of software service provider Meshmind to expand its research and development (R&D) capabilities in AI, Industrial Internet of Things (IoT), and machine vision. Through this acquisition ABB will integrate engineering talent, AI, and software knowledge to form a new global R&D hub to further accelerate the development of innovative automation solutions within its Machine Automation division (B&R) focused on industries such as logistics and manufacturing. Besides this, on 3 April 2023, Daifuku Co. Ltd, one of the global leaders in material handling systems, announced a major expansion plan for its Indian subsidiary, Daifuku Intralogistics India Private Limited.
List of Top Companies Operating in the Indian Logistics Industry:
- Aegis Logistics Ltd
- Allcargo Logistics Ltd
- Apollo LogiSolutions Ltd. (Apollo International Limited)
- Aramex India Pvt Ltd
- Blue Dart Express Limited (Deutsche Post AG)
- Bollore Logistics India Private Limited
- C. H. Robinson Worldwide Freight India Pvt Ltd.
- Geodis India PVT LTD
- Kuehne+Nagel Private Limited (Kühne + Nagel International AG)
- Nippon Express (India) Private Limited
- Schenker India Private Limited (Schenker AG)
- Yusen Logistics (India) Private Limited
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/indian-logistiics-companies
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