The domestic direct-to-consumer (D2C) market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 40%, reaching a Gross Merchandise Value (GMV) of USD 35 billion by 2027, according to a report by Redseer Strategy Consultants released on Friday.
Third-party logistics providers (3PLs) are identified as significant beneficiaries of this growth.
By 2027, the Indian D2C market is projected to grow to a GMV of USD 30-35 billion and up to 3 billion shipments, highlighting the nascent stage of Indian D2C brands.
The report underlines the increasing ease and incentives for brand creation, projecting a CAGR of around 40 per cent for the Indian D2C market from 2022 to 2027.
Among the 3PL players, Delhivery, leading the pack, followed by Bluedart, stands out as the preferred partner for brands seeking superior technology and prompt, reliable delivery across a broader range of pin codes. The report also recognizes players like Shadowfax and Xpressbees, utilized by brands prioritizing low-cost shipping, with Shadowfax demonstrating a more metro-focused reach.
