3PL to Transform Logistic Industry in IndiaBy: Shushmul Maheshwari
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3PL to Transform Logistic Industry in India
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The increasing preference for 3PL services will transform the way logistic operations have been carried out in India till now, says RNCOS in its new research report, “3rd Party Logistics Market in India”. At present, the 3PL market is at a nascent stage of development, with multinational companies in all industries being the predominant users of these services. However, the domestic major companies in leading industrial sectors have also begun to follow the footsteps of their multinational counterparts, starting with outsourcing their basic logistics functions. The total revenue generated by 3PL players surpassed US$ 1.5 Billion in 2008 from mere US$ 890 Million in 2005.
As per the findings of our research, the present market scenario of 3PL services in India can’t be compared with that of developed markets like the US and Europe where the usage of 3PL services is more than 50% in most of the industries. But the Indian market offers immense growth opportunity as compared to developed markets due to improving infrastructure like highways, ports, bridges and increasing connectivity along with rising importance of logistic services.
We have identified the auto and IT hardware industry as the largest end-user industry for 3PL services. Other sectors that have shown substantial contribution to 3PL market and significant growth potential include FMCG, pharmaceutical and retail sectors. The market will generate revenue of close to US$ 4 Billion by 2012 and will result in more effective ways of implementing logistic operations in India.
While the share of 3PL services in India is far lesser than developed markets, when it comes to share of logistic cost as percentage of GDP, it is high in India and China ranging between 13% and 15% due to lack of infrastructure facilities and less focus on creating value through efficient handling of logistic services.
Our latest research report, “3rd Party Logistics Market in India”, gives comprehensive information about the current and past situation of 3PL services in India. The segment wise market potential of 3PL services is also provided in the report to help client to analyze the penetration level of new modern logistic services in various industries. The 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.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM186.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
3PL Market in Consumer Electronics Industry, 3PL Market in FMCG Industry |
| Category |
Business |
| Submission Date |
Oct 19, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
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RNCOS Releases a New Report- Indian Housing Sector Analysis
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RNCOS has recently added a new Market Research Report titled, “Indian Housing Sector Analysis” to its report gallery. The real estate industry in India has grown on the back of fast developing housing segment. In fact, it is the most dynamic segment of the real estate industry compared to commercial and other property development segments. With the entry of corporate houses like DLF, Parsvnath and Omaxe, easy finance options from financial institutions and government support, the housing industry in India has rapidly grown over the past few years.
The housing construction industry is poised for tremendous growth in coming years in the backdrop of large population base, rising income level, increasing demand for housing units, fast changing rural housing landscape. In addition, the housing construction industry is expected to overtake other industrial sectors in terms of contribution to GDP growth in the next few years. Although the Indian housing industry will see slowdown in 2009 due to after effects of global financial crisis, it is anticipated to attain earlier growth trajectory by the end of 2010 on account of precautionary measures.
RNCOS report “Indian Housing Sector Analysis” provides exhaustive information and objective analysis on the growing housing industry in India, its components and supporting financing structure. The report also discusses the market structure, current and past market performance and factors critical to the success of housing industry in India. Detailed data and rational analysis helps investors, financial service providers and global banking players to navigate through the latest trends in the Indian housing industry.
The forecast given in the report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. The forecast is based on the correlation between past market growth and growth in base drivers, such as household size, disposable personal income, GDP growth, long-term interest rates, competitive structure, government support, contribution by housing financing industry and growing industrialization.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM013.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
Transportation Sector to Drive Global RFID Market
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As per our research report “Global RFID Market Analysis till 2010”, several countries across the globe, including US, UK, China, India, Russia and Brazil, have been using RFID technology in their transportation sectors. This will lead the RFID market worldwide to grow at a CAGR of around 13% through 2013, with revenue projected to rise to US$ 2 Billion by 2013 end. Our research has also found that Asia-Pacific will witness the highest growth in RFID revenue, owing to the rapid adoption of RFID applications by countries like China, India, South Korea, Taiwan and Thailand.
Global RFID market has been analyzed in the report with the help of various segments. These segments include regional level analysis, verticals analysis and market overview. Market overview further details RFID industry by Revenue, Frequency, Tags, Transponders and Readers. On regional basis, the report provides RFID market overview of North America, Europe, Asia-Pacific and Middle East. In order to get a clearer picture, major countries in these regions have been analyzed separately.
Our analysts have thoroughly assessed the technology and the development that are taking place in the RFID market across the globe. Various benefits and features of RFID technology have been presented in the report. The report, besides featuring all the market drivers, studies the major roadblocks that can obstruct the growth of the market, so as to help clients evaluate the probable complexities in the market before making any investment decision. The government sector which is crucial for the success of any technology has also been evaluated by our team of analysts.
“Global RFID Market Analysis till 2010” is a comprehensive research report that comprises quality research and in-depth analysis on the RFID industry worldwide. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, expected future outlook and all the other factors which are critical to the success of a new entrant in the RFID market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM576.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
Indian Steel Manufacturers Eying Transportation & Construction Projects
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According to our new research report, “Indian Steel Industry Outlook to 2012”, although metal products segment was the highest stainless steel consuming industry at the end of 2007-08, construction and transportation industries witnessed robust growth in the steel consumption in the same fiscal year. Railways, automotive & transport, airports, municipal/urban local bodies (ULBs), shopping malls, new hospitals, hotels and housing created strong demand for steel in 2007-08.
However, the global recession has significantly impacted the stainless steel consumption pattern as private investments have chocked in various sectors, raising an alarm for slow growth in stainless steel consumption. Moreover, the slowdown in the global and domestic financial market is expected to affect the consumption of stainless steel in the private sector in coming years.
Amidst declining stainless steel consumption on account of global recession, Indian steel manufacturers are focusing on transportation and construction projects to get their businesses rolling as these projects are financed or carried out through government funds. Moreover, it is believed that the government will take these projects very seriously as they create huge employment opportunities.
In addition, the government investments in the eleventh five year plan would enable the Indian steel industry to sustain growth until the recession period is over.
“Indian Steel Industry Outlook to 2012” provides comprehensive information along with rational analysis on the Indian steel industry. It also gives past, present and future data on the structure, composition and working of Indian steel industry. The report thoroughly evaluates advantages/disadvantages India has to become an attractive destination for carrying out steel business.
The report investigate into the potential of Indian steel industry by focusing on the growth prospects of steel consuming industry in terms of fresh investments. The research provides forecast on various industry segments to enable clients identify un-tapped critical opportunities available in the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM182.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 5. |
India Insurance - Govt. Proposed to Lift FDI Cap to 49%
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The Indian government has proposed to increase FDI in the insurance sector to 49%. Currently, only up to 26% FDI is allowed in the Indian insurance sector under the automatic route subject to obtaining a license from Insurance Regulatory Development Authority (IRDA). According to “Booming Insurance Market in India (2008-2011)”, a recent report from RNCOS, the Indian insurance market, particularly life insurance sector, will get a strong boost from the proposed FDI hike. Increasing limit to 49% is expected to raise the FDI in life insurance sector by around 2.5 times from the present level of approx Rs 2,500 Crore.
The senior insurance industry analyst at RNCOS opined, “The proposed increase in FDI will attract more foreign inflow into the Indian economy and strengthen the country’s insurance industry. This increase (in FDI) will bring more capital and help the sector in maintaining the growth momentum. The insurance sector has been in strong need of the capital investment, in fact, the requirement has increased dramatically due to recent losses on unit-linked products with weak stock market. Also, being a capital intensive sector, the insurance sector requires huge investments over a prolonged period of time, and therefore, there is constant need for capital infusion that can be met through FDI.”
Increasing FDI limit will also encourage the insurance sector to come up with more innovative distribution channels, enrich the current product portfolio, upgrade technology, and bring best global practices into the country. Beside this, raising FDI cap would also help insurers to expand their coverage to rural and micro-insurance segments as penetration in rural and remote areas require additional capital infusion.
“Booming Insurance Market in India (2008-2011)” provides an exhaustive research and rational analysis on the Indian insurance market. This study provides an overview on the factors driving the insurance industry, coupled with the forces which are blocking the growth. The report, based on extensive quantitative and qualitative analysis, gives forecast on vital industry parameters, like cars & commercial vehicle registrations, outbound tourists, medical equipment market, lending by financial institutions, IT spending, non-life insurance market, and health insurance premium.
This comprehensive study will help the clients to assess current market trends and identify the market dynamics and opportunities critical to their success in the country.
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