3PL Logistics Market in India - A $301.89 Billion Opportunity by 2020, according to NOVONOUS
India spends around 14.4% of its GDP on logistics and transportation as compared to less than 8% spent by the other developing countries.
NOVONOUS estimates that the warehouse market in India is expected to grow at a CAGR of 10% whereas freight forwarding market is expected to grow at a CAGR of 12% till 2020.
This growth rate is based on the expectation that the new government will soon implement the GST regime and the logistics companies can optimize their operations to reduce cost and increase their margins. With the implementation of GST, the logistics companies, which are currently forced to set up many small warehouses across multiple cities can set up just a few, big warehouses region wise and can follow the hub-and-spoke model for freight movement from the warehouses to the different manufacturing plants, wholesale outlets, retail outlets and the various POS. This growth is also backed by the boom in the e-commerce sector and expansionary policies of the FMCG firms. This has increased the service geography of the logistics firms but they also have to meet the demands of quick delivery and tight service level agreements.
The Indian logistics industry spends around 14% of the GDP on different types of cost incurred in logistics operation. The amount of cost incurred is very high in comparison to the logistics cost incurred by different nations. The logistics firms are moving from a traditional setup to the integration of IT and technology to their operations to reduce the costs incurred as well as to meet the service demands. The industry as a whole has moved from being just service provider to the position where they provide end to end supply chain solutions to their customers.
The report also has detailed company profiles including their position in logistics value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for sixteen key logistics players in Indian market namely TVS Logistics Pvt. Ltd., All Cargo Logistics, MAHINDRA Logistics Services Limited, SICAL Logistics, Jeena and Company Private Limited, TCI Logistics, Redington (India) Limited, TKM GLOBAL Logistics Limited, DELEX Cargo India Pvt. Ltd., GSI Logistics Pvt. Ltd., Drive India Enterprise Solution Limited (DIESL), SAL Logistics Pvt. Ltd., Atlas Logistics Pvt. Ltd., Gati-Kintetsu Express Pvt. Ltd., Om Logistics Pvt. Ltd. and ABC India Ltd.
Scope of Logistics Market in India 2015 - 2020 report:
- This report provides a detailed view of Indian logistics market with current available capacity and options.
- This report identifies the need for focusing on logistics sector in India.
- This report provides detailed information on growth forecasts for 3PL and 4PL logistics market in India up to 2020.
- This report provides detailed information on industry wise (automobile, technology, retailing, consumer products, food and grocery, healthcare and industrial goods) growth forecasts for logistics market in India up to 2020.
- The report identifies the growth drivers and inhibitors for logistics market in India.
- This study also identifies policies related to logistics market in India for various sectors.
- The report identifies various credit, policy and technical risks associated with logistics market in India.
- The report identifies EXIM scenario for containers, barges, forklift trucks, tankers, transport motor vehicles and transport ships in India.
- The report identifies top countries exporting containers, barges, forklift trucks, tankers, transport motor vehicles and transport ships to India.
- The report identifies top countries importing containers, barges, forklift trucks, tankers, transport motor vehicles and transport ships from India.
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