The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services.
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| India Retail Logistics Market Research Report |
Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of high demand, but not on a contractual basis. This allows companies to optimize their logistics operations, thereby making such services a cost-effective alternative.
At present, retail logistics services are mostly available in the tier-1 cities of India, including Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore. This is due to the presence of a large customer base in these cities and the high purchasing power of the customers here. According to the 2011 census, the population of the National Capital Territory (NCT) of Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore was 16.7 million, 18.4 million, 14.1 million, 7.7 million, 8.6 million, and 8.5 million, respectively.
