Third-party logistics or 3PL is a business process followed by
companies to outsource their logistics and supply chain activities to a
service provider specialized in handling different logistics functions.
3PL service providers are specialized in handling different logistics
function such as transportation, warehousing, and freight and
forwarding. In addition, they provide various value-added services such
as MIS in the supply chain. 3PL is helpful for companies that cannot
purchase their own fleet of vehicles. In addition, 3PL services help
companies to concentrate on their core business activity.
Analysts forecast that the Third-party Logistics market in India will grow at a CAGR of 21.16 percent over the period 2013-2018.
The
Report recognizes the following companies as the key players in Third
Party Logistics (3PL) Market in India: Aegis Logistics Ltd., Allcargo
Logistics Ltd., Gati Ltd., Transport Corporation of India Ltd., ABC
India Ltd., AFL Logistics Ltd. , AQUA Logistics Pvt. Ltd. , DHL Express
(India) Pvt. Ltd. , Dynamic Logistics , Geologistics(Pty) Ltd. ,
Mahindra Logistics Ltd. , Om Logistics Ltd. , Patel Logistics ,
Reliance Logistics Pvt. Ltd. , Safexpress Pvt. Ltd. , Schenker India
Pvt. Ltd. , SembCorp Logistics Ltd. , SICAL Logistics Ltd. ,
TakeSolutions Ltd. , Total Logistics (India) Pvt. Ltd. , Transystem
Logistics International Pvt. Ltd. , TVS Logistics Services Ltd.
The
3PL market is witnessing huge demand for professional logistics
services that provide high-end logistics and supply chain solutions with
value-added services such as the assortment and grading of products,
packaging, MIS services in the logistics supply chain, and other legal
formalities necessary in the process. Companies outsource these
logistics services to a 3PL service provider, as they are more
specialized in providing these services. In addition, through
outsourcing these services, the users of 3PL are able to serve their
customers more efficiently.
Covered in this Report
This
report covers the present scenario and the growth prospects of the
Third-party Logistics market in India for the period 2014-2018. The
Third-party Logistics market in India can be divided into segments based
on the logistics function, which includes transportation, warehousing,
freight and forwarding, and value-added services, and based on the
end-user industry.
Third-party Logistics Market in India
2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report presents the vendor landscape
and a corresponding detailed analysis of the top four vendors in the
market. To arrive at a ranking of the leading vendors in the market, it
considers vendors’ revenue generated by providing 3PL services. In
addition, it discusses the major drivers that influence the growth of
the market. It also outlines the challenges faced by the vendors and the
market at large, as well as the key trends emerging in the market
According
to the report, the presence of Government initiatives for
infrastructure development and transport services is one of the major
drivers. The construction of new roads and highways connecting major
cities, and infrastructure development in terms of the construction of
warehouses and ports contribute to the growth of the market. Government
policies with respect to FDI in logistics and the implementation of a
GST structure also provide a positive outlook for the 3PL market in
India.
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