According to our report “3rd Party Logistics Market in India”, country’s 3PL market is set for stupendous growth in the coming years as the companies need to strengthen their supply chain management and increase their market penetration.

According to our report “3rd Party Logistics Market in India”, country’s 3PL market is set for stupendous growth in the coming years as the companies need to strengthen their supply chain management and increase their market penetration. The 3PL market is expected to grow at a CAGR of 25% during 2010-2012.

According to our latest market research offering “3rd Party Logistics Market in India”, India represents enormously untapped but one of the fastest growing 3PL logistics market globally. The industry has successfully survived the economic downturn on the strong fundamentals of logistics outsourcing demand from automobile and manufacturing industries.

The Third Party Logistics Market is valued at INR 78 bn in 2008; Estimated to reach INR 172 bn in 2012. The market comprises of two segments Asset-based 3PLs and Non-asset based 3PLs.

n this era of globalization, India is witnessing an increasing demand for the 3PL (third party logistics) business with companies now concentrating on managing their supply chain mechanisms in a better way as well as to deepen their market penetration.

In its latest industry research titled “3rd Party Logistics Market in India”, 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.

Outsourcing of 3rd Party Logistics business (3PL) in India is all set to acquire a size of US$ 90 million by 2012 as the concept introduced in US and Europe is fast catching up the pace to increase the efficiency of domestic corporates through efficient logistic functions, according to the ASSOCHAM.