Indian 3rd party logistics market grow significantly by 2020, report

Indian 3rd party logistics market to grow significantly by 2020, a report

11:11 AM, 22nd January 2016
Indian 3rd party logistics market to grow significantly by 2020, a report

DUBLIN, IRELAND: The Indian 3PL industry has reported a significant growth in recent years and is presenting ample opportunities to the industry’s players. With infrastructure betterment and rising awareness, the Indian 3PL market is poised to scale newer acmes, said a report by Research and Markets.

Moreover, introduction of value added 3PL services, entry of new players, rising investments, evolving government policies and infrastructure projects are set to further boost the market’s growth. Growth in emerging sectors such as e-commerce, retail, healthcare, chemicals and pharmaceuticals, among others has also acted as a catalyst for the third party logistics sector.

The report “India 3rd party logistics market outlook 2020, unfolds the market dynamics of the 3PL market,” shows the Indian 3PL industry being split into four distinct services viz: transportation, warehousing, freight forwarding and value added services, depicting their current and future outlook to 2020.

The 3PL market revenues are also shared by different industries such as automobile, information technology, fast moving consumer goods (FMCG) and others with each segment scrutinized in detail. The report identifies and highlights the segments that offer maximum opportunity for growth in the Indian 3PL market.

The industry analysts studied all the facets of the Indian 3PL market to portray a crystal clear picture of the current as well as the expected market outlook. Major drivers and trends have been identified that are set to act as catalysts towards boosting the industry's growth, along with roadblocks hindering the market's growth.

The report further highlights the competitive landscape of the Indian 3PL market, describing the business, financials, strengths and weaknesses and recent developments of the major industry players. The section is therefore expected to clearly help the reader gain crucial insight into the key market players' performances and strategies for growth. Holistically, the research provides all the prerequisite information for clients looking to make a debut in this industry and facilitates them to formulate schemes while going for an investment/partnership in the Indian 3PL industry.

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