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 an industry report.
According to a statement, the integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management heralds a transformative era for the logistics sector in India.
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.
Indian freight and logistics market is poised for remarkable growth, as per Sachin Patil, MD and CEO of Messe Stuttgart, the wholly-owned subsidiary of Landesmesse Stuttgart GmbH. With a focus on innovation and technology, the event provides a comprehensive platform for industry professionals to explore the latest trends and advancements in the intralogistics, transportation, warehousing and automation sectors.