Logistics sector projected to touch $484.43 bn by 2029
WAREHOUSING & LOGISTICS

Logistics sector projected to touch $484.43 bn by 2029

LogiMAT India, India?s biggest and most extensive logistics exhibition platform for showcasing cutting-edge technologies and innovations in the logistics industry, is set to catalyse significant advancements in India's logistics sector. 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.. According to a report released at the logistic fair LogiMAT India 2024, the Indian freight and logistics market is projected to experience a steady annual growth rate of 8.8 per cent, reaching $484.43 billion by 2029 from $317.26 billion in 2024, driven by technological advancements. This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability.

The integration of robotics, automation, artificial intelligence (AI), and other advanced technologies is expected to revolutionise the way logistics operations are conducted, driving efficiency, productivity, and competitiveness. LogiMAT India foresees a substantial increase in investments in India's logistics sector, with the adoption of these technologies poised to attract significant capital infusion from domestic and international investors.

Moreover, the deployment of robotics, automation, AI, and other technologies is projected to create a multitude of job opportunities across various segments of the logistics sector. From skilled technicians and engineers to logistics analysts and data scientists, these advancements are expected to create 10 million jobs in India by 2027 and contribute to India's employment landscape.

"The transformative potential of new technologies and innovations showcased at LogiMAT India is immense," said Mr. Sachin Patil, Managing Director and CEO of Messe Stuttgart India, the organiser of LogiMAT India 2024. "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."

Furthermore, these technologies have the potential to scale logistics businesses to unprecedented levels, enabling them to optimize operations, enhance customer service, and achieve greater profitability. By leveraging robotics, automation, AI, and other cutting-edge solutions, logistics companies can streamline processes, reduce costs, and stay ahead of the competition in today's dynamic business environment.

As LogiMAT India continues to serve as the premier platform for industry stakeholders to explore, collaborate, and innovate, it remains committed to driving positive change and fostering growth within India's logistics ecosystem.

LogiMAT India, India?s biggest and most extensive logistics exhibition platform for showcasing cutting-edge technologies and innovations in the logistics industry, is set to catalyse significant advancements in India's logistics sector. 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.. According to a report released at the logistic fair LogiMAT India 2024, the Indian freight and logistics market is projected to experience a steady annual growth rate of 8.8 per cent, reaching $484.43 billion by 2029 from $317.26 billion in 2024, driven by technological advancements. This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability. The integration of robotics, automation, artificial intelligence (AI), and other advanced technologies is expected to revolutionise the way logistics operations are conducted, driving efficiency, productivity, and competitiveness. LogiMAT India foresees a substantial increase in investments in India's logistics sector, with the adoption of these technologies poised to attract significant capital infusion from domestic and international investors. Moreover, the deployment of robotics, automation, AI, and other technologies is projected to create a multitude of job opportunities across various segments of the logistics sector. From skilled technicians and engineers to logistics analysts and data scientists, these advancements are expected to create 10 million jobs in India by 2027 and contribute to India's employment landscape. The transformative potential of new technologies and innovations showcased at LogiMAT India is immense, said Mr. Sachin Patil, Managing Director and CEO of Messe Stuttgart India, the organiser of LogiMAT India 2024. 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. Furthermore, these technologies have the potential to scale logistics businesses to unprecedented levels, enabling them to optimize operations, enhance customer service, and achieve greater profitability. By leveraging robotics, automation, AI, and other cutting-edge solutions, logistics companies can streamline processes, reduce costs, and stay ahead of the competition in today's dynamic business environment. As LogiMAT India continues to serve as the premier platform for industry stakeholders to explore, collaborate, and innovate, it remains committed to driving positive change and fostering growth within India's logistics ecosystem.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement