India third party logistics (3PL) market size reached US$ 18.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 67.3 Billion by 2032, exhibiting a growth rate (CAGR) of 15.10% during 2024-2032. The increasing complexity of supply chain management, the inflating need among manufacturers for cost efficiency and flexibility, and the rising number of e-commerce activities are some of the key factors driving the market growth.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Size in 2023 | US$ 18.9 Billion |
Market Forecast in 2032 | US$ 67.3 Billion |
Market Growth Rate (2024-2032) | 15.10% |
Third-party logistics (3PL) refers to the practice where a manufacturer delegates logistics and distribution tasks to an external service provider. These third-party logistics companies offer specialized services, including inventory management, cross-docking, door-to-door delivery, and product packaging. This outsourcing arrangement enhances flexibility for manufacturers by diminishing overall costs associated with the distribution and warehousing of goods. Moreover, it stands as a prevalent business model within the logistics sector, enabling companies to concentrate on their primary operations. This strategic approach not only leads to cost savings in shipping but also contributes to an enhanced customer experience. In essence, 3PL serves as a widely adopted solution in the logistics industry, allowing businesses to streamline their focus on core activities while concurrently optimizing their supply chain operations.
The third party logistics (3PL) market in India is experiencing a robust growth trajectory, propelled by various key drivers that underscore the changing dynamics of the logistics industry. Firstly, the increasing complexity of supply chain management has become a significant driver for the adoption of 3PL services. Besides this, as businesses expand and diversify, the need for specialized logistics expertise offered by third-party providers becomes imperative. Moreover, the emphasis on cost efficiency and flexibility in operations has led to a surge in the popularity of third-party logistics in India. Furthermore, by outsourcing logistics and distribution activities to specialized companies, manufacturers can optimize costs related to warehousing, transportation, and overall supply chain management. This approach not only provides financial advantages but also allows companies to concentrate on their core competencies. Additionally, the competitive nature of the business landscape is encouraging companies to seek strategic partnerships with 3PL providers to gain a competitive edge. This collaborative approach allows businesses to enhance their logistics capabilities without significant capital investments. Moreover, several strategic partnerships driven by a competitive business environment are anticipated to fuel the market growth across the country over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on transport, service type, and end use.
Transport Insights:
The report has provided a detailed breakup and analysis of the market based on the transport. This includes railways, roadways, waterways, and airways.
Service Type Insights:
A detailed breakup and analysis of the market based on the service type have also been provided in the report. This includes dedicated contract carriage, domestic transportation management, international transportation management, warehousing and distribution, and value added logistics services.
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes manufacturing, retail, healthcare, automotive, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Transports Covered | Railways, Roadways, Waterways, Airways |
Service Types Covered | Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, Value Added Logistics Services |
End Uses Covered | Manufacturing, Retail, Healthcare, Automotive, Others |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |