According to our report “ 3rd Party Logistics Market in India”, India is witnessing an increasing demand for the 3PL business with companies now concentrating on managing their supply chain mechanisms in a better way as well as to deepen their market penetration. Moreover, with improvement in logistics infrastructure and increasing awareness about efficient logistics practices, 3PL services are being perceived as a far better way of controlling both internal and external logistics processes. It is expected that, the Indian 3PL industry will surge at a CAGR of around 26% during 2011-2013.
The ongoing research analysis identifies that the Auto and Auto component industry accounts for the largest share in overall 3PL market, followed by IT hardware, and FMCG. It also identified that, the share of 3PL services in overall logistics cost in India is far less compared to other developed markets such as, Japan, the US, and Europe. We anticipate that, the share of 3PL in overall logistics cost will see an exponential growth in coming years on the concrete fundamentals of various prevailing trends analyzed and discussed in the report.
Moreover, along with the core industry segments, the entire value chain is experiencing a brisk acceleration in market developments. As discussed in the report, investment worth billions of dollars is proposed in IT logistics, warehousing, and improvement of infrastructure. We project it as an all-round market advancement, which will ultimately transform the 3PL industry into an investment-prone industry with high growth potential.
"3rd Party Logistics Market in India" provides an overview of the current situation of the Indian 3PL services. It provides quantitative data, qualitative analysis, and well planned statistics of the 3PL industry and its important segments. Past and current trends, evaluated in the report provide a clear view of the industry’s will future progress. The report efficiently facilitates an overview of factors critical for successful planning and strategy building to penetrate the market. A brief overview of key players in the industry has also been included to provide complete and accurate competitive landscape analysis.
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