#Indian #ECommerce #Logistics #Industry #expected
Mumbai, Oct. 28, 2022 (GLOBE NEWSWIRE) — Market Overview
India is one of the emerging markets across the world. Due to the diverse population, the demand for an E-Commerce platform is rising. In India, particularly among Tier I and Tier II, the eCommerce growth has been tremendous during the year 2020. The expansion of digital purchasing has been pushed by changing consumer habits during Covid-19. According to India’s e-commerce logistics report, in 2021, the size of the Indian logistics market grew by 4%, and it is expected to grow at a CAGR of 5% from 2022-27, generating market revenue of USD 633.6 billion by 2027. The future of transportation & logistics in India is expected to drive warehousing demand and industry trends in the e-commerce logistics market are turning towards reverse logistics.
Moreover, the increasing purchase from cross-border and cheap shipping costs for consumers is anticipated to grow the market. Many players such as Amazon provides free next-day delivery on orders over a certain threshold, as well as paid same-day delivery to certain localities in India.
On the other hand, numerous major elements will aid expansion, including the growing middle-class-income population, high Internet penetration rate, robust transportation logistics network, advanced digital payment systems, expanding tech-savvy youth population, and strong government support.
Post-pandemic effect on India’s e-commerce Logistics Sector
The outbreak of the virus had a positive impact on the India e-commerce logistics sector. The E-commerce logistics players took several actions to maintain seamless operations during a difficult period when the supply chain was affected by prolonged lockdowns in a few other countries. In order to ensure the business’s continuity, players expanded their service expansion in small towns and rural areas. Moreover, to reduce the danger of infection, e-commerce logistics players are using solutions like contactless deliveries, which is…
Read on GNW: The Indian E-Commerce Logistics Industry is expected to
