Noida, India (PressExposure) January 07, 2010 -- In its latest industry research titled â3rd Party Logistics Market in Indiaâ, the global market research pioneer RNCOS has extensively dissected the latent potentials of the burgeoning 3PL industry in India. The research thoroughly covers exhaustive information on all the prominent market segments with agile focus on current and future market trends expected to prevail.
The comprehensive research and profound evaluation of the ongoing industry trends identify various incisive factors streamlining industryâs current and future developments. The report illustrates that non-3PL players dominate the overall automobile logistics segment in India at present and 3PL players accounts for only 15% of the total automobile logistics market. We expect this share to rapidly increase in coming years amid various assisting factors analyzed coherently in the report.
The report further exhibits that along with the automobile market, the IT hardware industry has been responsible for the phenomenal growth of the outsourcing of logistic services in India. The research finds that this trend will continue to prevail during our forecast period (2009-2012), and the 3PL market in IT hardware industry will register an impressive double digit growth, laying a solid foundation for new market players to enter and avail the lucrative growth opportunities.
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 potentials.
Our report â3rd Party Logistics Market in Indiaâ provides unmatched market analysis and reveals cutting edge market intelligence on the Indian 3PL industry. The report provides qualitative as well as quantitative analysis of ongoing as well as future market trends, which are leading the industry towards strong market developments. The report also includes forecast for different segments of the 3PL industry including retail, automobile, IT hardware, FMCG, Consumer electronics, etc. An overview of the current competitive landscape has also been included in the report to facilitate deeper market understanding.
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