Noida, India (PressExposure) December 28, 2009 -- RNCOS, a leading market research company, has said in its new report â3rd Party Logistics Market in Indiaâ that the Indian 3PL logistics industry is unfolding its full potential on strong roots of government tax reforms and growing outsourcing demand from vertical industry segment. Deep and conceptual analysis has confirmed that the recessionary effects are almost non-existent and the industry will continue to see positive developments over the next few years.
The report has extensively studied prevailing industry trends and their role in shaping of the industry growth in upcoming years. It has revealed that the share of 3PL services in India is far less when compared with other developed markets such as Japan, the US and Europe. However, in case of share of logistic cost as percentage of GDP, it is significantly high ranging between 13% and 15% due to the lack of infrastructure facilities and less focus on creating value through efficient handling of logistic services.
As per the research report, the retail industry is fast emerging as one of the most promising growth destination for 3PL players. 3PL revenue from the retail industry is anticipated to grow at a CAGR of over 40% during 2009-2012 and cross the mark of US$ 400 Million by the end of 2012.
Apart from retail, the automobile and IT hardware industries are other prominent end-users of 3PL services, with multinational companies being the predominant users of these services. It is strongly believed that rising export levels and growth in domestic market will drive the demand for 3PL services in these sectors.
â3rd Party Logistics Market in Indiaâ gives an overview of the current situation of 3PL services in India. It provides quantitative data, qualitative analysis and well-planned statistics of the 3PL industry and its important segments. Past and current trends evaluated in the report provide a clear view of how the industry will progress in future. The report efficiently facilitates in giving an overview of factors critical for successful planning and strategy building to penetrate the market. A brief overview of key players in the industry has also been included to provide proper competitive landscape analysis.
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