3PLlogistics market in India is expected to be worth US$
301.89 billion by 2020. Indian logistics market is expected to grow at a CAGR
of 12.17% by 2020 driven by the growth in the
manufacturing, retail, FMCG and e-commerce sectors.
Freighttransport market in India is expected to be worth US$
307.70 billion by 2020. Indian freight transport market is expected to grow at
a CAGR of 13.35% by 2020.
Coldstorage market in India is expected to be worth US$ 8.57
billion by 2020. Indian cold storage market is expected to grow at a CAGR of 16.09%
by 2020 driven by the growth in the organized retail, Indianfast food market, food processing industry and e-commerce sectors.
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India spends around 14.4% of its GDP on logistics and transportation as compared to less than 8% spent by the other developing
countries.
In India road freight constitutes around 63% of the
total freight movement consisting of 2.2 million heavy duty trucks and 0.6
million light duty trucks covering more than 18,00,000 kms of road length
carrying more than 3000MMT (million metric ton) of load annually.
NOVONOUS estimates that
the road freight movement is expected to
increase at a CAGR of 15%. This will be driven by the growth in Indian
FMCG, retail and pharmaceutical sectors, which have large freight transport
requirements across the country which is generally done by road transportation.
Rail freight constitutes around 27% of the total freight movement in India. It consists of a large infrastructure of more than 65000
kms of rail network carrying more than 1400MMT of load annually. With the
growth in core manufacturing sector and with the proposed “Make in India”
campaigns it is expected that the freight movement of core commodities like
iron ore, steel, coal, petroleum etc are projected to increase at a fast pace.
NOVONOUS estimates that Indian rail freight
market will grow at a rate of around 10% CAGR over the next 5 years.
Sea freight consists of around 9% of the total freight market and is mainly used as a major mode for imports and exports. Around
600MMT of freight tonnage is transported through the 13 major ports and the 200
minor ports of India.
NOVONOUS estimates that Indian sea freight market will grow at a
CAGR of 12% in the next 5 years, which will be mainly driven by increased
exports of automobiles and handloom & handicraft products.
Air freight consists of around 1% of the total freight market in India
and approximately 4MMT of freight tonnage is transported through air. NOVONOUS
estimates that Indian air freight market
will grow at an impressive rate of around 12.5% CAGR over the next 5 years
with more number of private airlines entering this space coupled with the lower
turnaround time needed for delivery such as “24 hour delivery” needed by the
E-commerce sector.
The cold storage market in India on the other hand is highly fragmented
with more than 3500 players in the unorganized sector and around 30 players in
the organized sector.
India currently has 6156
cold storage facilities across various states with total capacity of 28.68 MMT
which is insufficient. Due to lack of cold storage facilities, India has
wastage of more than 450MMT every year which leads to a huge amount of loss,
and leads to shortage in the overall generation capability.
Refrigerated storage market in India
which constitutes a minor market share in overall cold storage market in India
is expected to grow at a CAGR rate of 15% in the next 5 years.
Refrigerated transportation market which
is largest contributor to cold storage market in India is expected to grow at a
CAGR rate of 17% in the next 5 years.
Meat and fish cold storage market in India has largest revenue share of entire cold storage market in India
and is expected to grow at a CAGR rate of 9% in the next 5 years.
Dairy cold storage market in India
controls second largest market share in entire cold storage market in India in
terms of revenue. It is expected to grow at a CAGR rate of 18.16% in the next 5
years. The break-up for the growth forecast is 14.5% CAGR for butter, 20.5%
CAGR for cheese and 19.5% for ice-cream in the next 5 years.
Pharma cold storage market in India is
expected to grow at a CAGR rate of 16% to in the next 5 years till 2020.
Refrigerated/reefer trucks market in India is expected to grow at a CAGR rate of 85.30% in the next 5 years in
terms of number of trucks.
All these reports have detailed company
profiles including their position in industry value chain, financial
performance analysis, product and service wise business strategy, SWOT analysis
and key customer details for key players in each industry.
These reports also
provide detailed forecasts, growth drivers and inhibitors, need analysis, EXIM
scenarios, Government Policies, Risk Analysis (Credit Risk, Policy Risk and
Technological Risk), PESTLE Analysis, Porter’s Five Forces Analysis, SWOT Analysis, Current
and Future Trends, Challenges Faced by New Players, Competitive Landscape and
Strategic Recommendations for End Users, Policy Makers, Industry players and
Investors for freight, logistics and cold storage market in India.
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