Lewes, DE -- (SBWire) -- 08/24/2015 --Report forecast the 3PL market in India to grow at a CAGR of 8.43% during 2014-2019.
3PL refers to the outsourcing of logistics and distribution activities by companies to logistics solution providers, known as 3PL providers. A 3PL provider is a company to which shippers (customers that transport goods using 3PL services) outsource a part or all of the supply chain management (SCM) functions of their logistics services. 3PL providers play significant role in handling customer logistics requirements, and perform transportation, location tracking, and sometimes product consolidation activities.
These providers typically specialize in transportation, warehousing, and integrated operation services, which they customize according to the customer requirement. Often, 3PL providers go beyond logistics, and provide value-added services, such as inventory management, cross-docking, door-to-door delivery, and packaging of products. These companies also provide strategic and operational value to many shippers worldwide. Currently, 3PL is in the process of introducing new and innovative ways to manage SCM.
This report covers the present scenario and the growth prospects of the 3PL market in India for the period 2015-2019. To calculate the market size, we consider revenue generated by 3PL service providers. We also present the vendor landscape and a corresponding detailed analysis of the top six vendors in the Indian 3PL market.
3PL Market in India 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It summaries the major drivers influencing the market and the challenges facing by the vendors and the market as a whole. It evaluates the key trends emerging in the market as well.
The 3PL market in India is segmented in terms of logistics services outsourced:
- Freight and Forward
- Transportation
- Value-added Services
- Warehousing
According to the report, the government of India has decided to abolish the existing tax regime, which includes CST and VAT, and proposes to introduce a uniform GST structure by April 01, 2016. Under the existing tax structure, companies have to pay multiple taxes both at central and state levels, leading to high operational costs. To avoid this, companies have been building warehouses or distribution centers in every state to save on CST. This leads to the establishment of inadequate, outdated, and small warehouses, which increases inventory handling costs.
Key players in the 3PL Market in India: Global Aegis, Allcargo, Gati, DIESL and TCI
Other Prominent Vendors in the market are: ABC India, AFL, AQUA Logistics, Atlas Logistics, C.H. Robinson. CEVA Logistics, DELEX, DHL, Dynamic Logistics, Geologistics, GSI, Hyundai Glovis, Jeena and Company, Keery Logistics, Kheune, Mahindra Logistics, Malca-Amit, Maruti 3PL, Nippon Express, Patel Logistics, Redington, Reliance, Safexpress, SAL Logistics, Sinotrans, Take Solutions, TKM, Total Logistics, Transystem, and TVS
Market Driver
- Introduction of GST System
- For a full and detailed list, view our report
Market Challenge
- Competition from Unorganized Markets
- For a full and detailed list, view our report
Market Trend
- PE (Private Equity) Investment in Logistics Market
- For a full and detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 89 pages "3PL Market in India 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Logistics Market in India: Overview, 3PL Market in India, Market Segmentation by Services Outsourced, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/3pl-market-india-2015-2019
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