Third-party Logistics Market in India 2023-2027
Technavio has been monitoring the third-party logistics market in India and is forecast to grow by $13978.33 mn during 2022-2027, accelerating at a CAGR of 8.62% during the forecast period. Our report on the third-party logistics market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the introduction of tax reforms and initiatives for third-party logistics in India, the growth of the e-commerce sector in India, and an increase in investments for third-party logistics startups in India.
Technavio's third-party logistics market in India is segmented as below:
By Service
- Transportation
- Warehousing and distribution
- VAS
By End-user
- Manufacturing
- Consumer goods
- Food and beverage
- Automotive
- Others
This study identifies the emergence of digitalization in third-party logistics as one of the prime reasons driving the third-party logistics market growth during the next few years. Also, the modernization of logistics infrastructure in India and the increasing popularity of integrated cold chain logistics services will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the third-party logistics market in India covers the following areas:
- Third-party logistics market sizing
- Third-party logistics market forecast
- Third-party logistics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading third-party logistics market vendors that include AP Moller Maersk AS, Aegis Logistics Ltd., Allcargo Logistics Ltd., AWL India Pvt. Ltd., Delhivery Ltd., FedEx Corp., Gati Ltd., Mahindra Logistics Ltd., Meesan Logistics Pvt. Ltd., Pyramis Cargo Management Pvt. Ltd., SICAL Logistics Ltd., United Parcel Service Inc., VRL Logistics Ltd., ARK Supply Chain Solutions Pvt. Ltd., Blue Dart Express Ltd., Container Corp. of India Ltd., Deutsche Bahn AG, Safexpress Pvt. Ltd., T V Sundram Iyengar and Sons Ltd., and TCI Express Ltd. Also, the third-party logistics market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.