Latest News- Third-Party Logistics Market in India: Transportation is expected to lead the Service segment during 2025-2029

The Third-Party Logistics Market in India is being driven by Introduction of tax reforms and initiatives for third-party logistics in India

The Third-Party Logistics Market in India is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17122.7 million. In the Indian third-party logistics market, digitalization is a prominent trend, with providers investing in advanced information technology (IT) and software systems to optimize operations and generate higher returns. Specialized software, such as radio-frequency identification (RFID), blockchain, and real-time location systems (RTLS), are being adopted to reduce costs, enhance efficiency, and save time. Notably, blockchain technology is gaining traction among logistics companies for effective tracking of goods and freight throughout the supply chain. For instance, Mahindra Logistics and JM Baxi Group have collaborated with IBM to develop blockchain solutions, expanding their technology-driven offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Introduction of tax reforms and initiatives for third-party logistics in India
• Growth of e-commerce sector in India
• Increase in investments for third-party logistics startups in India

However, the market also witnesses some limitations, which are as follows:

• High operational costs
• Inadequate logistics infrastructure in India
• Lack of technology adoption and quality manpower

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Market Scope in Third-Party Logistics Market in India Research Report

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Research Analysis Overview

The Third-Party Logistics (3PL) market in India is witnessing significant growth due to the increasing demand for advanced biotechnology services. These services include genetic network analysis using whole genomes, DNA sequencing, and error correction methods. Technologies such as DNA microarrays, gene assembly, and next-generation sequencing are driving this growth. Oligonucleotides, the building blocks of DNA, are essential for various analytical techniques like PCR-based reactions, SCR, ligation, and plasmid vector construction. The quality and quantity of oligonucleotides play a crucial role in gene synthesis technologies, which are also gaining popularity in the biotech industry. New chemistry and enzymology are key areas of focus for enhancing the efficiency and accuracy of gene synthesis. DNA microchips are another emerging technology in this field.

Market Research Overview

The Third-Party Logistics (3PL) market in India is a significant segment of the global air freight and logistics industry. This market encompasses revenue generated by third-party providers offering air freight transportation, courier services, and comprehensive logistics solutions, including package and mail delivery, customs clearance, and real-time cargo tracking. According to Technavio's market analysis, the global air freight and logistics market size is determined by the revenues generated by these service providers. Factors driving growth in the air freight and logistics sector include the surge in cross-border e-commerce activities, with consumers increasingly purchasing goods from foreign vendors. This trend necessitates efficient and reliable logistics solutions to ensure seamless delivery of goods, thereby fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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