E-commerce set to drive country's logistics industry - India Shipping News

The global logistics market size is projected to reach $18.23 trillion by 2030, with a CAGR of 10.7% from 2023 to 2030. This growth is driven by the booming e-commerce industry and a shift in customer preference toward online purchases. The logistics industry is also experiencing digitization and automation through technologies such as IoT, AI, and robotics. Water transportation is in high demand due to its cost-effectiveness and high carrying capacity. The manufacturing and retail sectors are expected to dominate the logistics market, with a focus on supply chain efficiency and last-mile delivery solutions.

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