PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1525492
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1525492
India Third Party Logistics Market Introduction and Overview
According to SPER market research, 'India Third Party Logistics Market Size- By Services, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the India Third Party Logistics Market is predicted to reach USD 75.99 billion by 2033 with a CAGR of 7.51%.
Third-party logistics (3PL) is a technique in which a manufacturer outsources logistics and distribution to an external service provider. These third-party logistics providers offer specialised services such as inventory management, cross-docking, door-to-door delivery, and product packaging. This outsourcing arrangement improves manufacturing flexibility by cutting overall costs associated with product delivery and warehousing.
The third-party logistics (3PL) market in India was negatively impacted by the COVID-19 pandemic, which resulted in supply chain interruptions. The need for third-party logistics (3PL) services experienced a precipitous drop as a result of nationwide lockdowns, restricted goods transportation, and decreased industrial activities. The logistics sector has to deal with issues such a lack of workers, restrictions on transportation, and complicated operational procedures.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Services, By End User
Regions covered Eastern Region, Northern Region, Southern Region, Western Region
Companies Covered All Cargo Logistics Limited, DHLSupply Chain, Future Supply Chain, Gati Litmited, GS Logistics, Kuehne Nagel Private Limited, Mahindra Logistics, Nitco Logistics, Schenker India, TVS Supply Chain Solutions, UPS.
India Third Party Logistics Market Segmentation:
By Services: Based on the Services, India Third Party Logistics Market is segmented as; Domestic Transportation Management, International Transportation Management, Value-added Warehousing and Distribution.
By End User: Based on the End User, India Third Party Logistics Market is segmented as; Automobile, Chemicals, Construction, Consumer and Retail, Energy, Manufacturing, Life Sciences and Healthcare, Technology, Others.
By Region: This research includes data for Eastern Region, Northern Region, Southern Region, Western Region.