DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/zknhdw/third_party) has announced the addition of the "Third Party Logistics (3PL) Market in India 2014-2018" report to their offering.
The Third-party Logistics market in India will grow at a CAGR of 21.16 percent over the period 2013-2018.
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.
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.
Further, the report states that the competition from unorganized markets is one of the major challenges. The market is highly fragmented and dominated by local logistics service providers.
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Market Drivers/Challenges/Trends
Key Questions Answered in this Report
For more information visit http://www.researchandmarkets.com/research/zknhdw/third_party
Source: Research and Markets