The third-party logistics market in India is set to grow by USD 10.74 billion, progressing at a CAGR of almost 8% during 2021-2025, states a report by global research and advisory company Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The report states that the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aegis Logistics Ltd., Allcargo Logistics Ltd., AWL India Pvt. Ltd., Blue Dart Express Ltd., Delhivery Pvt. Ltd., FedEx Corp., Gati Ltd., Mahindra Logistics Ltd., Safexpress Pvt. Ltd., and TVS Supply Chain Solutions are some of the major market participants.
Factors such as the introduction of tax reforms and initiatives for 3PL in India, the growth of the e-commerce sector in India, and the increase in investments for 3PL startups in India will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Third-party Logistics Market in India 2021-2025: Segmentation
The third-party Logistics Market in India is segmented as below:
- End-User
- Manufacturing
- Consumer Goods
- Food And Beverages
- Automotive
- Others
- Service
- Transportation Services
- Warehousing And Distribution Services
- VAS
- Geography
- India
Vendor Analysis and Scope
To help businesses improve their market position, the third-party logistics market in India provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Aegis Logistics Ltd., Allcargo Logistics Ltd., AWL India Pvt. Ltd., Blue Dart Express Ltd., Delhivery Pvt. Ltd., FedEx Corp., Gati Ltd., Mahindra Logistics Ltd., Safexpress Pvt. Ltd., and TVS Supply Chain Solutions.
The introduction of tax reforms and initiatives for 3PL in India is likely to emerge as one of the primary drivers of the market. However, the high operational costs may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the third-party logistics market in India are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
Third-party Logistics Market in India size, Third-party Logistics Market in India trends, Third-party Logistics Market in India industry analysis.
About Technavio:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries.
