Delhi, India (PressExposure) May 09, 2009 -- RNCOS has recently added a new Market Research Report titled, â3rd Party Logistics Market in Indiaâ to its report gallery. With globalization the demand of third party logistics (3PL) business, a westernize concept, is increasing in India, as firms are now focusing towards the better management of their supply chain processes and to increase their penetration level in the market. The 3PL services are now being perceived as better way for managing internal as well as external logistic process driven by improving logistic infrastructure and rising awareness of efficient logistics practices.
The current market scenario of 3PL services in India can't be compared with that of developed markets like Japan and the US where usage of 3PL services is more than 50% in the overall logistic cost. But Indian market offers immense opportunity as compared to developed markets due to improving infrastructure like highways, ports, bridges and increasing connectivity, along with increasing importance of logistic services.
We expect that the increasing focus on core business activities and improving infrastructure will drive the 3PL in future. During our forecast period (2009-2013) 3PL market in India will witness a CAGR of approx 28%, earning total revenue of around US$ 4 Billion.
The latest research report by RNCOS "3rd Party Logistics Market in India" gives an overview of the current situation of 3PL services in India. The segment wise market potential of 3PL services helps the client to analyze the penetration level of new modern logistic services across various industries in India. Report also highlights the factors responsible for the increasing attractiveness of Indian 3PL market along with brief overview of the key players in the industry.
Report has identified the auto and IT hardware industry as the largest end-user industry for 3PL services, with multinational companies being the predominant users of these services. Other sectors that have shown substantial contribution to 3PL market and significant growth potential include FMCG, Pharmaceutical and retail sectors.
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
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