The third-party logistics revenue in the third party logistics (3pl) market in India was forecast to continuously increase between 2024 and 2028 by in total 4.5 billion U.S. dollars (+12.55 percent). According to this forecast, in 2028, the indicator will have increased for the sixth consecutive year to 40.35 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
The term “third-party logistics” (3PL) refers to the use of an external company to manage and carry out one or more logistics processes for a business. These operations can include transportation, warehousing, inventory management, and packaging. 3PL providers offer a range of services to help companies increase efficiency, reduce costs, and improve their supply chain operations.
The Third-Party Logistics (3PL) market covers providers that provide or specialize in the above-mentioned third-party logistics services.
The Third-Party Logistics (3PL) market has experienced significant growth in recent years due to increased eCommerce and globalization, which have led to a greater need for logistics and supply chain management services. Additionally, technological advancements, such as automation and big data use, are likely to drive growth in the 3PL market. Other expected growth drivers include the increasing number of small and medium-sized enterprises (SMEs) entering the market and the growing trend of outsourcing logistics and supply chain activities.
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Statista Market Insights. (November 22, 2023). Revenue of third-party logistics industry (3PL) in India from 2017 to 2024, with forecasts until 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/
Statista Market Insights. "Revenue of third-party logistics industry (3PL) in India from 2017 to 2024, with forecasts until 2028 (in billion U.S. dollars)." Chart. November 22, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/
Statista Market Insights. (2023). Revenue of third-party logistics industry (3PL) in India from 2017 to 2024, with forecasts until 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/
Statista Market Insights. "Revenue of Third-party Logistics Industry (3pl) in India from 2017 to 2024, with Forecasts until 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Nov 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/
Statista Market Insights, Revenue of third-party logistics industry (3PL) in India from 2017 to 2024, with forecasts until 2028 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/ (last visited November 10, 2024)
Revenue of third-party logistics industry (3PL) in India from 2017 to 2024, with forecasts until 2028 (in billion U.S. dollars) [Graph], Statista Market Insights, November 22, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1400404/india-revenue-of-third-party-logistics-industry/
