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Third-party Logistics Market in India 2018-2022| Introduction of Tax Reforms and Initiatives to Boost Growth| Technavio

August 1, 2018

Technavio has published a new market research report on the third-party logistics market in India from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Aug 1, 2018-- analysts forecast the third-party logistics market in India to grow at a CAGR of over 8% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the third-party logistics market in India from 2018-2022. (Graphic: Business Wire)

The emergence of digitalization in 3PL is one of the major trends being witnessed in the . Most of the 3PL providers have started investing in smart information technology (IT) and software systems, which can give a better return on investment. Specialized software assists in reducing the costs, save time, and increase efficiency.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the third-party logistics market in India is the introduction of tax reforms and initiatives for 3PL in India:

Third-party logistics market in India: Introduction of tax reforms and initiatives for 3PL in India

The 3PL sector in India has been experiencing a transformative phase with the introduction of several reforms and initiatives. The GST is one of the major tax reforms, which was introduced by the Government of India. Before the implementation of GST, companies built and managed several warehouses in every state of business operation to avoid cross-border tax.

According to a senior analyst at Technavio for research on logistics, “The implementation of GST has assisted in reducing the price differences between states and make tax liabilities uniform across India. The new tax regime helps in decreasing the logistics costs and increases the operating efficiencies by reducing cross-border checks.”

Third-party logistics market in India: Segmentation analysis

The third-party logistics market in India research report provides market segmentation by end-user that includes manufacturing, food and beverages, consumer goods, and automotive. It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the four major end-users, the manufacturing segment held the largest market share in 2017, contributing to over 24% of the market. This end-user segment will dominate the global market throughout the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005739/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY TRANSPORT OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/01/2018 12:19 PM/DISC: 08/01/2018 12:19 PM

http://www.businesswire.com/news/home/20180801005739/en

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