Noida, UP -- (SBWire) -- 03/23/2011 -- According to our research report “3rd Party Logistics Market in India”, 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 across leading industry sectors have also started following the footsteps of their multinational counterparts and have begun outsourcing their basic logistics functions. Moreover, it is expected that the 3PL market will reach US$ 4.6 Billion by 2013, growing at a CAGR of around 26% during 2010-2013.
Ongoing research found that, the Indian logistics industry is on the brink of exciting growth in the coming years. Due to the growth in manufacturing, retail, and real estate sector, logistics industry is experiencing striking expansion. One of the contributing factors is the Indian government’s uniform tax regime - Value Added Tax (VAT). It is expected to push the Indian industries towards increasingly using the 3PL services. Dominance of an unorganized market is the key characteristic of the Indian logistics industry.
The report outlines 3PL market by segmenting it into various subsections, i.e. retail, auto components, IT Hardware, FMCG, consumer electronics, and durables. It also elaborates the fact that, the 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.
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.
Our report also covers the industry forecast and analysis based on various macro- and microeconomic factors, sector & industry specific databases, and our in-house statistical & analytical model. Competitive landscape is also discussed in the report to provide clients a general overview of the market structure and growth prospects of various segments.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Sturdy Future Awaits 3PL Market in India
Indian 3PL market is anticipated to reach around US$ 4.6 Billion by 2013, growing at a CAGR of around 26% during 2010-2013, RNCOS acknowledged.