NEW YORK, Nov. 15, 2021 /PRNewswire/ -- The latest third-party logistics market in India research report by Technavio infers that the introduction of tax reforms and initiatives for 3PL will be driving this market's growth.
Resulting in a market growth of USD 10.74 billion from 2020 to 2025, read additional information about the market. View a FREE sample report.
The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.
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 few key vendors of this market. Vendors are competing to maintain their market position in the market.
Vendors are also trying to expand their market presence and strengthen their product portfolio by entering partnerships and launching new and innovative products.
For instance, In December 2020, FedEx Corp. announced the acquisition of ShopRunner, the e-commerce platform that directly connects brands and merchants with online shoppers. ShopRunner's capabilities complement and expand the FedEx e-commerce portfolio and are expected to create increased value for brands, merchants, and consumers.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
Segmentation by End Users:
The manufacturing segment contributed greatly to the overall market growth in 2020.
The manufacturing segment by end-users was the largest segment of the market in 2020 and will continue to remain as the largest segment of the market in 2025.
Segmentation by services:
In terms of services, the transportation segment generated maximum revenue in the market in 2020.
Transportation is expected to account for the maximum number of sales in the market over the forecast period.
The third-party logistics market in India's share growth by the manufacturing segment will be significant during the forecast period. The 3PL market for the manufacturing industry is expected to grow steadily during the forecast period. Much of the future growth of the global manufacturing industry will come from developing countries such as India. The number of new manufacturing industries in India has increased due to policy reforms that have improved the ease of doing business in the region.
Latest Trends Driving the third-party logistics market in India
Third-party logistics market in India Market Driver:
Introduction of tax reforms and initiatives for 3PL in India :
The key factor driving growth in the third-party logistics market in India is the introduction of tax reforms and initiatives for 3PL in India. The 3PL sector in India is experiencing a transformative phase with the introduction of various reforms and initiatives.
The GST is one of the major tax reforms that was introduced by the Government of India. The implementation of GST helped reduce the price differences between states and make tax liabilities uniform across India. The new tax regime reduces logistics costs and increases operating efficiencies by reducing border checks.
Third-party logistics market in India Market Trend:
The emergence of digitalization in 3PL :
The key factor driving growth in the third-party logistics market in India is the introduction of tax reforms and initiatives for 3PL in India. The 3PL sector in India is experiencing a transformative phase with the introduction of various reforms and initiatives. The GST is one of the major tax reforms that was introduced by the Government of India.
The implementation of GST helped reduce the price differences between states and make tax liabilities uniform across India. The new tax regime reduces logistics costs and increases operating efficiencies by reducing border checks.
Find additional information about various other market drivers & Trends mentioned in our FREE sample report.
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Third-party Logistics Market In India Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 8%
Market growth 2021-2025
USD 10.74 billion
YoY growth (%)
Performing market contribution
India at 100%
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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