According to the latest research by RNCOS, “3rd Party Logistics Market in India”, outsourcing of logistics function is a business dynamics of growing importance all over the world. A growing awareness that competitive advantage starts from the delivery process and ends to the quality of the product has been instrumental in upgrading logistics in India.
The usage of 3PL services in India is mainly dominated by automobile (including auto components) industry. Currently, over 95% of the automobile companies outsource their transportation function to 3PL. The size of the 3PL market in auto and auto components industry is likely to grow at an impressive CAGR of around 28% accounting to US$ 3200 Million by 2012-2014.
The demand for 3PL in India has continued to witness steady growth over the last few years, taking into consideration the adoption of 3PL services by outsourcing basic logistics functions by the domestic players. According to our latest report, the penetration of 3PL and the propensity of customers to outsource have been most pronounced in transportation, followed by warehousing, as these sectors have been easy-to-implement historically used point solutions that can be readily offered to customers.
The report, “3rd Party Logistics Market in India”, provides an in-depth research and rational analysis of the current status and expected position of the 3PL market in India. It facilitates the future forecasts on 3PL market in retail, auto, and auto components, FMCG, Consumer Electronics, and durables’ segments during 2012-2014. Additionally, analysis of freight movement with respect to railways, air cargo, ocean cargo, and road transport has also been included in the report to provide a balanced outlook on the potentials of the 3
rd party logistics Industry in India.
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- India Solid Waste Management Analysis
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- Chinese Logistics Market Forecast to 2012
- Vietnam Mining Sector Analysis
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