According to our research report “3rd Party Logistics Market in India”, the current status of 3PL services in India is not comparable with that of the matured markets, such as Japan and the US, where the usage of 3PL services dominates the overall logistic operations. 3PL market in India remains at a relatively developmental stage, with multinational companies in all industries being the prime users of these services. However, big domestic companies in leading industrial sectors have also started following the footsteps of their multinational counterparts and have begun outsourcing their basic logistics functions.
The ongoing analysis found that, the country is witnessing an increasing demand for the 3PL business, with companies now concentrating on managing their supply chain mechanisms in a better way to deepen their market penetration. Continuous improvement in logistics infrastructure and increasing awareness about efficient logistic practices have led 3PL services to be perceived as a far better way of controlling both internal and external logistics processes.
Further, the report predicts that, the Indian 3PL market is full of opportunities compared to the developed markets, due to the infrastructural development as well as the increasing connectivity and rising significance of logistic services in the country. We expect that, the market is projected to witness a CAGR of around 26% during the forecast period (2011-2013).
The latest industry research titled “3rd Party Logistics Market in India”, by RNCOS acquaints clients with the current scenario of the Indian 3PL market. The segment-wise market potential of the 3PL services facilitates the better analysis of the penetration level of latest logistic services across different industries in India. Our report dissects each and every factor contributing to the rising attractiveness of the Indian 3PL market together with providing brief overview of the key industry players.
Subsequently, the report recognizes automobile and IT hardware industry to be the largest end-user industry for 3PL services, multinationals being the dominant users. FMCG and retail sectors are among other sectors, which have provided considerable contribution to the 3PL market and have significant potency to grow in future. Besides, the report covers upcoming industry trends, such as Green Logistics, 4PL industry, and others.
For more information visit: http://www.rncos.com/Report/IM186.htm |
