"3PL Market in India 2015-2019" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Aug 31 2015

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.

Technavio analysts forecast the 3PL market in India to grow at a CAGR of 8.43% during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The 3PL market is witnessing huge demand for professional logistics services that provide high-end logistics and SCSs with value-added services such as assortment and grading of products, packaging, MIS services in the logistics supply chain, and legal formalities necessary in the process. Companies outsource these logistics services to a 3PL service provider because they are more specialized in providing these services. In addition, through outsourcing these services, users of 3PL are able to serve their customers more efficiently."

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 This leads to the establishment of inadequate, outdated, and small warehouses, which increases inventory handling costs.

Further, the report states that competition from unorganized markets is has hindered growth of the market.

The key players in the 3PL Market in India are Global Aegis, Allcargo, Gati, DIESL and TCI while other prominent vendors include 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

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 a SWOT analysis of the key vendors.

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