India’s e-commerce logistics market is projected to grow at a CAGR of over 20 per cent, exceeding 10 billion parcels by FY28, according to a report by Redseer. In FY23, the total shipments for e-commerce logistics, including forward and reverse, exceeded a billion, with in-house logistics and third-party players having an equal share. The report noted that D2C (direct-to-consumer) brands are expected to grow overall GMV (gross merchandise value) by 35 per cent in the next few years, with brand.com accounting for a significant share of this growth, and logistics players with customised offerings for D2C brands are well positioned to capture the market share. Despite the intensifying competition, Delhivery remains the clear market leader in e-commerce third-party logistics parcels in FY23, according to the report. The report also highlights that despite funding headwinds, high-growth and high-yield opportunities are available for e-logistics players, including D2C, large goods, and non-e-commerce segments. The players who build robust capabilities and offerings to serve this demand effectively will be better positioned for long-term market share and yield leadership.
The Indian e-logistics market has seen meaningful growth in recent years, with the overall e-com logistics opportunity projected to grow at a minimum CAGR of over 20 per cent, exceeding 10 billion parcels by FY28, backed by steady e-commerce growth. D2C brands have emerged as a strong growth segment within e-commerce, with logistics players with relevant and customised offerings for D2C brands well-positioned to capture the market share in this high-growth segment. Despite the intensifying competition, Delhivery remains the clear market leader in e-commerce third-party logistics parcels in FY23. The report suggests that players who build robust capabilities and offerings to serve the demand effectively will be better positioned for long-term market share and yield leadership.
