Third-party Logistics Market in India to grow at a CAGR of 8% by 2025 | Introduction of Tax Reforms & Initiatives for 3PL in India to Boost Growth | 17000+ Technavio Reports

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Third-party Logistics Market in India 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our third-party logistics market in India report 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

Third-party Logistics Market in India 2021-2025: Vendor Analysis
The third-party logistics 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.

Third-party Logistics Market in India 2021-2025: Driver
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. The increasing introduction of such reforms and initiatives in India is expected to fuel the market growth of 3PL in India.

 Third-party Logistics Market in India 2021-2025: Challenges
The emergence of digitalization in 3PL is another major factor supporting the third-party logistics market share growth in India. Digitalization has emerged as a key trend among various 3PL service providers in India. Many of the 3PL providers have started investing in smarter information technology (IT) and software systems that can give a better return on investment. Specialized software helps drive the costs down, save time, and increase efficiency. Some of the technologies used for logistics services include radio-frequency identification (RFID), blockchain, and real-time location systems (RTLS). The use of such advanced technologies is expected to reduce the operational costs in the logistics sector, which would drive the growth of the market in focus over the forecast period.

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Third-party Logistics Market in India 2021-2025: Segmentation

• End-user
• Manufacturing
• Consumer Goods
• Food And Beverages
• Automotive
• Others
• Service
• Transportation Services
• Warehousing And Distribution Services
• VAS

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Third-party Logistics Market in India 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist third-party logistics market in India growth during the next five years
• Estimation of the third-party logistics market in India size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the third-party logistics market in India
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the third-party logistics market in India vendors

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