Report Overview

India Digital Freight Forwarding Market - Industry Trends & Forecast Report, 2030

India Digital Freight Forwarding Market size was estimated at USD 153.58 Million in 2023. During the forecast period between 2024 and 2029, the size of India Digital Freight Forwarding Market is projected to grow at a CAGR of 24.10% reaching a value of USD 561.05 Million by 2030. The India Digital Freight Forwarding Market is propelled by the thriving e-commerce industry, rising international trade, and the government's supportive for digital initiatives. A growing demand for real-time shipment visibility, cost efficiency, and streamlined logistics operations fosters the adoption of digital freight solutions. Integration of advanced technologies, including IoT, blockchain, and AI, enhances supply chain visibility and efficiency, is also projected to drive the India Digital Freight Forwarding Market during the period in analysis.

Digital Freight Forwarding – Overview

Digital freight forwarding leverages technology to streamline and optimize the process of transporting goods internationally. It integrates online platforms and tools to automate tasks such as quoting, booking, documentation, and tracking, reducing manual efforts and enhancing efficiency. This digital approach enables real-time visibility into shipments, enhances communication among stakeholders, and facilitates data-driven decision-making. By leveraging data analytics and cloud-based solutions, digital freight forwarding helps in improving transparency, reducing costs, and accelerating the overall logistics process, offering businesses a more agile and responsive supply chain solution in the global trade landscape.

India Digital Freight Forwarding Market 

Growth Drivers

Digital Transformation Propels India Freight Forwarding Market

The India Digital Freight Forwarding Market is experiencing robust growth, driven by the dynamic shift toward digitalization. As logistics and transportation undergo a tech-driven evolution, the seamless integration of global supply chains emerges as a pivotal growth driver. Advanced digital platforms optimize logistics operations, fostering real-time communication, transparency, and efficiency. The integration enhances the overall effectiveness of freight forwarding in India, and also positions the country as a key player in the interconnected global supply network, unlocking new avenues for economic expansion and international trade.

Restraints

Infrastructure Challenges Hamper Digital Freight in India

Despite the burgeoning demand for digital freight forwarding solutions in India, the market faces significant hurdles due to outdated logistics infrastructure. Inefficient transportation networks, inadequate warehousing facilities, and a lack of seamless connectivity impede the seamless adoption of digital technologies. The infrastructure lag undermines operational efficiency as well as limits the full potential of the digital freight forwarding market. Addressing these challenges is crucial to unlocking the market's true potential and fostering a transformative shift toward modern, technology-driven logistics solutions in India.

Impact of Escalating Geopolitical Tensions on India Digital Freight Forwarding Market 

Geopolitical tensions, notably the Russia-Ukraine war, significantly impacted the India Digital Freight Forwarding Market. Escalating conflicts disrupt global supply chains, leading to increased freight costs and operational uncertainties. The India-Russia defense ties and economic repercussions have influenced trade dynamics, affecting the digital freight sector. Heightened geopolitical risks amplify market volatility, prompting businesses to reassess logistics strategies and invest in resilient digital solutions. The India Digital Freight Forwarding Market experiences fluctuations in demand, pricing, and service reliability, reflecting the broader geopolitical landscape's profound influence on the logistics and transportation industry. Companies in the market must navigate these challenges adeptly to maintain competitiveness and ensure sustained growth amid geopolitical uncertainties.

India Digital Freight Forwarding Market 

Segmental Coverage

India Digital Freight Forwarding Market – By Mode of Transport

Based on mode of transport, India Digital Freight Forwarding Market is divided into Sea, Air, and Land segments. The sea segment is the largest mode of transport in the India Digital Freight Forwarding Market. As India continues to strengthen its maritime trade and logistics infrastructure, the digitalization of sea freight forwarding plays a pivotal role in enhancing efficiency and reducing operational complexities. The growing emphasis on streamlined processes, real-time tracking, and cost-effective solutions within the sea freight segment underscores its significance in shaping the overall landscape of digital freight forwarding market in the country.

India Digital Freight Forwarding Market – By Deployment Mode

Based on deployment mode, India Digital Freight Forwarding Market is divided into Cloud and On-Premises segments. The cloud segment is a larger deployment mode in the India Digital Freight Forwarding Market. The rapid adoption of cloud-based solutions within the logistics and freight forwarding industry has driven substantial growth in the segment. The cloud-based platforms offer scalability, real-time data accessibility, and cost-effective solutions, appealing to businesses seeking efficient and technologically advanced freight management. The trend signifies a shift toward digital transformation, where the cloud segment dominates the market, reflecting the industry's inclination toward innovative and streamlined logistics processes.

India Digital Freight Forwarding Market – By Function

By Function, India Digital Freight Forwarding Market is divided into Warehouse Management and Transport Management segments. The transport management segment holds a higher market share due to the significant emphasis on and growth within the transportation sector. The segment underscores the increasing demand for streamlined and efficient digital solutions in managing and optimizing the movement of goods. As logistics continue to play a crucial role in India's evolving supply chain landscape, the focus on digital advancements in transport management highlights the industry's commitment to enhancing operational efficiency and meet evolving market demands.

India Digital Freight Forwarding Market – By Application

By application, India Digital Freight Forwarding Market is divided into Retail & E-Commerce, Manufacturing, Healthcare, and Automotive segments. The retail & e-commerce segment is the largest application, due to increasing online retail activities. The segment dominates due to rising consumer demand for efficient logistics solutions in the e-commerce landscape. Additionally, the manufacturing, healthcare, and automotive segments contribute significantly to the market's overall dynamics, showcasing the diverse applications of digital freight forwarding across various industries. The prominence of the retail & e-commerce sector underscores the pivotal role of streamlined digital logistics in supporting the expanding online retail ecosystem in India.

India Digital Freight Forwarding Market – By Region

By Region, India Digital Freight Forwarding Market is divided into North India, South India, East India, and West India. North India emerges as the largest segment, exhibiting robust growth in digital freight forwarding services. The region's strategic geographic location, extensive transportation infrastructure, and flourishing trade activities contribute to its prominence. With increasing digitalization trends and the adoption of technology-driven logistics solutions, North India stands out as a key player in the digital freight forwarding landscape, fostering efficient and streamlined freight operations for businesses across various industries.

Competitive Landscape

Major players in the India Digital Freight Forwarding Market include Boxnbiz, DiLX, Dimerco, Ezyhaul, RAAHO, COGOPORT, Icontainers, Uber Freight LLC, Agility Logistics, and DHL. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In November 2022 - DHL extended its partnership with the German Bobsleigh, Luge, and Skeleton Federation (BSD) for another four years.

Scope of the Report

By Mode of Transport

• Sea

• Air

• Land

By Deployment Mode

• Cloud

• On-Premises

By Function

• Warehouse Management

• Transport Management

By Application

• Retail & E-Commerce

• Manufacturing

• Healthcare

• Automotive

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Digital Freight Forwarding Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. E-commerce growth
         2. Technological advancements
         3. Global supply chain integration
      2. Restraints
         1. Infrastructure challenges
         2. Security concerns
      3. Opportunities
         1. Government initiatives
         2. Collaborations and partnerships
      4. Challenges
         1. Resistance to change
         2. Skill gap
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Digital Freight Forwarding Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Mode of Transport
         1. Sea
         2. Air
         3. Land
      2. By Deployment Mode
         1. Cloud
         2. On-Premises
      3. By Function
         1. Warehouse Management
         2. Transport Management
      4. By Application
         1. Retail & E-Commerce
         2. Manufacturing
         3. Healthcare
         4. Automotive
         5. Others
      5. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. India Digital Freight Forwarding Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
6. Impact of Escalating Geopolitical Tensions on India Digital Freight Forwarding Market Industry
7. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. Boxnbiz
   2. DiLX
   3. Dimerco
   4. Ezyhaul
   5. RAAHO
   6. COGOPORT
   7. Icontainers
   8. Uber Freight LLC
   9. Agility Logistics
   10. DHL
   11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Digital Freight Forwarding Market Segmentation

Figure 2       India Digital Freight Forwarding Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Digital Freight Forwarding Market Size, By Value (USD Million), 2019–2030

Figure 5       India Digital Freight Forwarding Market Share, By Mode of Transport, By Value, 2019–2030

Figure 6       India Digital Freight Forwarding Market Share, By Deployment Mode, By Value, 2019–2030

Figure 7       India Digital Freight Forwarding Market Share, By Function, By Value, 2019–2030

Figure 8       India Digital Freight Forwarding Market Share, By Application, By Value, 2019–2030

Figure 9       India Digital Freight Forwarding Market Share, By Region, By Value, 2019–2030

List of Tables      

Table 1        India Digital Freight Forwarding Market Share, By Mode of Transport, By Value, 2019–2030

Table 2        India Digital Freight Forwarding Market Share, By Deployment Mode, By Value, 2019–2030

Table 3        India Digital Freight Forwarding Market Share, By Function, By Value, 2019–2030

Table 4        India Digital Freight Forwarding Market Share, By Application, By Value, 2019–2030

Table 5        India Digital Freight Forwarding Market Share, By Region, By Value, 2019–2030

Table 6        Boxnbiz Company Overview

Table 7        Boxnbiz Financial Overview

Table 8        DiLX Company Overview

Table 9        DiLX Financial Overview

Table 10      Dimerco Company Overview

Table 11      Dimerco Financial Overview

Table 12      Ezyhaul Company Overview

Table 13      Ezyhaul Financial Overview

Table 14      RAAHO Company Overview

Table 15      RAAHO Financial Overview

Table 16      COGOPORT Company Overview

Table 17      COGOPORT Financial Overview

Table 18      Icontainers Company Overview

Table 19      Icontainers Financial Overview

Table 20      Uber Freight LLC Company Overview

Table 21      Uber Freight LLC Financial Overview

Table 22      Agility Logistics Company Overview

Table 23      Agility Logistics Financial Overview

Table 24      DHL Company Overview

Table 25      DHL Financial Overview