3rd Party Logistics Market in India

In this era of globalization, India is witnessing an increasing demand for the 3PL (third party logistics) business with companies now concentrating on managing their supply chain mechanisms in a better way as well as to deepen their market penetration. Continued improvement in logistic 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 logistic processes.

Unfortunately, Indian 3PL services market is nowhere in comparison with the developed markets of the US and Japan, where use of 3PL services account for over 50% of the total logistic cost. Despite this, the market in India is full of opportunities as compared to these developed markets, all because of the infrastructural development such as ports, highways, bridges as well as increasing connectivity and rising significance of logistic services in the country.

In line with this, we expect improving infrastructure and focus on core business operations will lead the future growth of the Indian 3PL market. The market is projected to witness a CAGR of around 30% during our forecast period (2010-2012), harvesting total revenue of nearly US$ 4 Billion.

The latest industry research titled “3rd Party Logistics Market in India” by RNCOS acquaints clients with the current scenario of the 3PL market in India. 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 the 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 the other sectors which have demonstrated considerable contribution to the 3PL market and have significant potency to grow in future.

The report provides industry forecast till 2012 in the following segments:

- Total 3PL Market
- 3PL Market in Retail Industry
- 3PL Market in FMCG Industry
- 3PL Market in IT Hardware Industry
- 3PL Market in Auto & Auto Component Industry
- 3PL Market in Consumer Electronics and Durable Industry
- Spending on IT in Logistics Industry and Warehousing

For more detail visit :- http://www.marketsmonitor.com/3rd-Party-Logistics-Market-in-India-Report/IM186.htm