Express logistics industry has huge potential in Logistics industry due to globalization as more and more MNC are sourcing, manufacturing and distributing on a global scale, making their supply chains very complex to manage time bounded shipments. Several global players view the Indian logistics market favourably and have announced intentions to increase their capacity of transporting goods from/ to Indian markets. In last few years, several large global logistics companies have entered by the way of mergers or acquisitions of Indian Logistics companies and joint venture agreement. After implementation of GST, global players in Express logistics have eyes on Indian market for more expansion of their express logistics business. According to the recent published report of Bonafide Research: "India Express Logistics market Outlook, 2016-2022" India express logistics market is gaining traction, with e-commerce penetration, economy revival, and proposed GST implementation and government initiative of "Make in India". The India express logistics sector is primarily categorized into four segments comprising transportation (Surface, Air, Rail Parcel, Indian postal services), Surface express Logistics contributes the maximum close to 42% market share followed by air and rail Express. Government of India has been taking various initiatives in order to develop road, rail, and air infrastructure. Government major projects like Sagar Mala and Bharat Mala will reduce the time duration of shipments in coming years due to better connectivity across country. There is an unfavourable model mix in express logistics that is skewed towards roads as a major mode of transportation, along with underutilization of other modes- rail, air, and coastal shipping. Despite being insufficient mode, Surface express has the highest time bounded shipments traffic share in India. Whereas railways being economic mode of time bounded shipments transport has lost the market share in India due to under investments leading to capacity constraints. Air express is most emerging category in express logistics dominant by Major Players like Blue Dart and FedEx. Air express is the quickest possible way for time bound shipments it holds close to 28% market share in Express Logistics. Blue Dart is leading players in express logistics followed by FedEx, Gati and Safexpress. GST Implementation has change the scenario in express logistics industries by replacing multiple taxes levied by central and state governments. The planned dual GST model (CGST+SGST) proposes has replace around 29 states and federal taxes and tariffs for a single tax at the point of sale. The taxation in express logistics was reduced from 26.5% to 18-21% in GST taxes regime. Global players like UPS, XPO Logistics, J.B hunt, C.H Robinson etc have eyes on Indian express logistics market for investment and expansion of business. GST implementation will beneficial for organised players in terms of consolidation and merging of small players with larger organized players to leverage the mutual benefits. Furthermore, Current taxation structure of India has opened the gate for new entrant in Express Logistics Market. The sector will also attract interest from global players through FDI, JVs or acquisitions. Major Indian Companies operating in the Express Logistics market of India are Gati Limited, Blue Dart Express limited, FedEx express transportation and supply chain (India) Private Limited, Transportation corporation of India, Safexpress private limited, SpotOn Logistics Private Limited, DTDC express limited, First Flight Courier limited, TVS logistics services Limited, Mahindra Logistics Limited, Future Supply chain solutions limited, Overnite Express Limited
A portion of the prominent trends that the market is seeing incorporate rapid boom in the construction segment. Switchgear is necessary from the point of production of electricity to end users.
Power is one of the most critical components of infrastructure crucial for the economic development and welfare of countries. Electricity demand in the country has increased rapidly and is expe
The Japanese company Panasonic will install air purifiers in its entire range of air conditioners and that too without any hike in cost to the end consumer. To prevent health problems across the country, Panasonic haRead More
Inverter ACs is the latest evolution of technology in the air conditioner market of India. There is a growing trend of energy efficient technologies in the white goods industry due to rising awareness among consumersRead More
Express logistics industry has huge potential in Logistics industry due to globalization as more and more MNC are sourcing, manufacturing and distributing on a global scale, making their supply chains very complex toRead More
India's Express Logistics Market is poised for accelerated growth. Government initiative in infrastructure growth and GST implementation has ramp up the demand of express Logistics. Government projects like "BharatmaRead More