Noida, UP -- (SBWire) -- 02/14/2011 -- The 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 industry sectors have also started following the footsteps of their multinational counterparts and have begun outsourcing their basic logistics functions, say our new research report, “3rd Party Logistics Market in India”. The total market for 3rd Party Logistics in India is expected to reach US$ 4.6 Billion by 2013, growing at a CAGR of around 26% during 2011-2013.
Usage of 3PL services in India is mainly dominated by automobile (including auto components) and IT hardware industry. These two industries are more dynamic in terms of usage of 3PL services compared to other industries like, retail, FMCG, apparel, and consumer electronics. The logistics cost among these industries varies between 3-5% of the total sales, which is far less compared to other developed markets in America and Europe.
The report evaluates various market trends and analyzes their importance in the development of 3rd party logistics market in near future. Besides, the report thoroughly studies storage infrastructure, freight movement by various modes of transport, and major logistics parks. Further, the report covers upcoming industry trends like, Green Logistics, 4PL market, and others. Segment-wise market potential of the 3PL services facilitates 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.
“3rd Party Logistics Market in India” comprises thorough research and an in-depth analysis of the Indian 3rd party logistics market.
Detail data and qualitative analysis will help clients to evaluate the leading-edge opportunities, critical for the success of logistics market. We have also presented the future outlook of the 3rd party logistics market. Forecasts presented in the report are based on the correlation of past market trends, statistical analysis, and industry drivers, and provides a direction to clients, in which, the industry is likely to proceed in future.
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Indian 3PL Market Poised to Grow at 26% CAGR
With improving infrastructure and rising focus on core business operations, 3rd Party Logistics Market in India will surge at CAGR of 26% during 2011-2013, RNCOS identified.