India Freight Forwarding Market Size & Trends Report 2033

India Freight Forwarding Market Size, Share, Trends and Forecast by Mode of Transport, Customer Type, Service, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29838

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India Freight Forwarding Market Overview:

The India freight forwarding market size reached USD 11.84 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 20.69 Billion by 2033, exhibiting a growth rate (CAGR) of 6.40% during 2025-2033. The market is expanding due to rising e-commerce demand, trade globalization, multimodal logistics adoption, and government infrastructure initiatives. Growth in manufacturing exports, digitalization in supply chains, increasing cold chain logistics, and demand for cost-effective transportation solutions further fuel market development, ensuring efficiency and scalability.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 11.84 Billion
Market Forecast in 2033	USD 20.69 Billion
Market Growth Rate (2025-2033)	6.40%

India Freight Forwarding Market Trends:

Digitalization and AI-Driven Supply Chain Optimization

India's freight forwarding sector is growing swiftly, fueled by e-commerce, which is expected to reach USD 350 Billion by 2030. Companies are enhancing global trade by adopting advanced technology for seamless logistics, customs handling, and efficient shipping. The industry is undergoing digital transformation, leveraging AI, blockchain, and IoT to enable real-time tracking, predictive analytics, and automated documentation. AI-driven route optimization and demand forecasting improve supply chain efficiency, while blockchain enhances data security. Digital freight platforms streamline bookings, making logistics more transparent and cost-effective.

India Freight Forwarding Market Size

Expansion of Multimodal Logistics and Warehousing Infrastructure

With growing domestic and international trade, India is witnessing a major shift towards multimodal logistics, integrating road, rail, air, and sea transport for cost-effective and time-efficient freight movement. Investments in dedicated freight corridors (DFCs), inland waterways, and modern warehousing facilities are enhancing connectivity and reducing transit times. The rise of third-party logistics (3PL) and fourth-party logistics (4PL) providers has streamlined supply chain operations by offering end-to-end freight management services. Government initiatives are also supporting the market growth. For instance, in December 2024, the Indian government launched the Jalvahak scheme to promote cargo movement via inland waterways, covering National Waterways 1, 2, and 16. The scheme offers up to 35% reimbursement on operating costs for cargo transported over 300 km and is valid for three years. Implemented by the Inland Waterways Authority of India (IWAI) and Inland & Coastal Shipping Ltd (ICSL), it aims to shift 800 million tonne-kilometres of cargo and attract ₹95.4 crore investment by 2027, decongesting roads and railways while enhancing sustainable freight transport. By incentivizing long-haul waterway cargo movement, the scheme supports freight forwarders, shipping firms, and trade bodies, strengthening India’s logistics and supply chain ecosystem.

Structural Transformation

India’s freight forwarding market is undergoing a structural transformation, driven by government initiatives to enhance domestic shipping capabilities and reduce reliance on foreign carriers. For instance, the establishment of Bharat Container Line, with 100 containerships under public-private participation, reflects a strategic push by the government to strengthen local shipping infrastructure. Supported by India’s USD 3 Billion maritime development fund, this move is expected to improve trade efficiency, lower logistics costs, and enhance supply chain resilience. Increased investment in port modernization, multimodal connectivity, and digital integration is fostering greater transparency and operational efficiency. These developments position India as a rising global logistics hub, benefiting exporters and freight forwarders by offering cost-effective, streamlined shipping solutions while reinforcing the country’s role in international trade.

India Freight Forwarding Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on mode of transport, customer type, service, and application.

Mode of Transport Insights:

Road
Maritime
Rail
Air

A detailed breakup and analysis of the market based on the mode of transport have been provided in the report. This includes road, maritime, rail, and air.

Customer Type Insights:

A detailed breakup and analysis of the market based on the customer type have also been provided in the report. This includes B2B and B2C.

Service Insights:

Transportation and Warehousing
Value Added Services
Packaging
Others

A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes transportation and warehousing, value added services, packaging, and others.

Application Insights:

Retail and E-Commerce
Healthcare
Food and Beverages
Media and Entertainment
Industrial and Manufacturing
Oil and Gas
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes retail and e-commerce, healthcare, food and beverages, media and entertainment, industrial and manufacturing, oil and gas, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Freight Forwarding Market News:

In January 2025, Yusen Logistics India signed a long-term lease with Macrotech Developers for a 200,000 sq ft built-to-suit warehouse at Palava Industrial and Logistics Park (LILP) near Mumbai. The five-year lease strengthens Yusen's national logistics network, supporting industries like e-commerce, automotive, and retail.
In September 2024, Krishko Logistics rebranded and launched a new identity as part of its growth strategy. The Chennai-based freight forwarding company has expanded in air and ocean freight, customs brokerage, and supply chain management. It specializes in diplomatic cargo and perishable goods, including live shrimp seed exports. Krishko has integrated in-house customs brokerage services and weekly consolidation shipping. It is also investing in sustainability initiatives, including contributions to the "Plant A Billion Tree" campaign.

India Freight Forwarding Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Mode of Transport Customer Type Service Application Region
Mode of Transports Covered	Road, Maritime, Rail, Air
Customer Types Covered	B2B, B2C
Services Covered	Transportation and Warehousing, Value Added Services, Packaging, Others
Applications Covered	Retail and E-Commerce, Healthcare, Food and Beverages, Media and Entertainment, Industrial and Manufacturing, Oil and Gas, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India freight forwarding market performed so far and how will it perform in the coming years?
What is the breakup of the India freight forwarding market on the basis of mode of transport?
What is the breakup of the India freight forwarding market on the basis of customer type?
What is the breakup of the India freight forwarding market on the basis of service?
What is the breakup of the India freight forwarding market on the basis of application?
What are the various stages in the value chain of the India freight forwarding market?
What are the key driving factors and challenges in the India freight forwarding market?
What is the structure of the India freight forwarding market and who are the key players?
What is the degree of competition in the India freight forwarding market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India freight forwarding market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India freight forwarding market.
Porter's Five Forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India freight forwarding industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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