RNCOS Releases a New Report, 3rd Party Logistics Market in India
RNCOS has recently launched a new report "3rd Party Logistics Market in India". The report provides extensive information on the 3PL market in India.
- (1888PressRelease) November 10, 2011 - RNCOS has recently launched a new report "3rd Party Logistics Market in India". In this era of globalization, India is witnessing an increasing demand for the third party logistics (3PL) business, with companies now concentrating on managing their supply-chain mechanisms in a better way to deepen their market penetration. Companies are shifting their focus from transaction strategies to relationship-based alliances, such as partnerships. All types and sizes of companies ranging from small firms to multinationals are becoming increasingly aware that they can gain a competitive and economic advantage by outsourcing their supply chain and logistics requirements. Further, continuous improvement in logistic infrastructure has led 3PL services to be perceived as a far better mode of controlling both internal and external logistic processes.
In-line with this development, we expect that improving infrastructure and rising focus on core business operations will lead the future growth of the Indian 3PL market. The market is anticipated to witness a CAGR of around 27% during the forecast period (2012-2014), harvesting a total revenue of nearly US$ 5.8 Billion by 2014.
Unfortunately, 3PL vendors often lack the capabilities to deliver full supply chain solutions. India's huge geographical diversity requiring varied logistics expertise for each region presents the biggest challenge that needs to be addressed by the 3PL service providers. To overcome this problem, 3PL companies have to make huge investment to setup a logistics network to support the flow of products from the client's manufacturing plant to the end customers. This can be undertaken by building warehouses and DCs at locations required by their clients.
Despite this, Indian market is full of opportunities compared to developed markets, because of the infrastructural development, such as ports, highways, bridges as well as increasing connectivity and rising significance of logistic services in the country.
The latest industry research titled "3rd Party Logistics Market in India", by RNCOS acquaints clients with the current scenario of the Indian 3PL market. The segment-wise market potential of the 3PL services facilitates a better analysis of the penetration level of latest logistic services across different industries in India. Our report also discusses about each and every factors contributing to the rising attractiveness of the Indian 3PL market together with brief overview and recent developments of the key industry players.
Subsequently, the report recognizes automobile and retail industry to be the largest end-user industry for 3PL services, multinationals being the dominant users. FMCG and IT hardware sectors are among the other sectors, which have provided considerable contribution to the 3PL market and have significant potency to grow in future as well. Besides, the report also covers upcoming industry trends like Green Logistics, 4PL industry, and others.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM186.htm
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Established in 2002, RNCOS is a premier source of industry research and information provider. We bring first-hand information and prudent analysis on different industries, technologies, economic and non-economic market parameters, potential markets, and key competitors, to help clients identify prospective growth areas and gain competitive edge.
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