Indian logistics market poised to grow at 8.8% annually to $484.43 bn by 2029

The Indian freight and logistics market is projected to grow at an annual rate of 8.8% to reach USD 484.43 billion by 2029, up from USD 317.26 billion in 2024, according to a report released at the LogiMAT India logistic fair.

Indian freight and logistics market is estimated to grow at 8.8 per cent annually to USD 484.43 billion by 2029 from USD 317.26 billion in 2024 due to technological advancement, as per a report released at logistic fair LogiMAT India.

 LogiMAT India 2024, the satellite show of Europe's biggest intralogistics exhibition LogiMAT Stuttgart, is organised by Messe Stuttgart India Pvt Ltd on February 28-March 1 at India Expo Mart.  

The event highlights technological advancements driving this growth, including intralogistics, automation, warehousing, and transportation management.

Indian freight and logistics market is poised for remarkable growth.
LogiMAT India 2024 projections indicate a surge in market size to USD 317.26 billion by 2024, with a projected CAGR of 8.83 per cent, catapulting it to USD 484.43 billion by 2029.

This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability, it stated.  Together, these developments are set to redefine the logistics landscape, ushering in a new era of efficiency and innovation.

Sachin Patil, MD and CEO of Messe Stuttgart said "We envision these advancements to not only attract substantial investments to India's logistics sector, but also to create a significant number of jobs, driving economic growth and prosperity.”
To explore the latest trends and advancements in the intralogistics, transportation, warehousing and automation sector, the industry professionals cannot find a better platform than the one provided by the event. Additional significance is the meaningful focus in the event on innovation and technology. Today, everyone is talking about the supreme importance and necessity of innovation and technology for progress.