Automobile Industry Initiating Strong Demand for 3PL Services
2012-11-29 10:12:19 - The 3PL market in automobile industry is projected to grow at a CAGR of 22.3% during 2012-2015, says RNCOS.
The automobile industry was among the earliest to outsource logistics functions to specialized Logistics Service Providers (LSPs) or 3PL service providers. The automobile manufacturers understand the need to implement or rather outsource their logistics operations due to the increasing competition in market and rising production capacities. The 3PL services enable manufacturers to pay attention towards their core operations to improve
their competitive level in the industry. Thus, automobile industry of India is gradually stressing on new supply chain and logistics practices to stabilize costs, boost product diversity, and enhance service levels, amidst increasing global competition.
According to RNCOS recent report “3rd Party Logistics Market in India”, around 90% of the automobile companies outsource their transportation function to 3PL companies. The 3PL market in automobile industry holds a significant share in the overall 3PL market. With India emerging as an auto components’ sourcing hub, several opportunities resides with professional import/export logistics services for the intra-Asian trade. Growth in the domestic market and rising export levels will lead to an increased demand for 3PL services in the automobile industry in near future. Thus, it is anticipated that the 3PL market in automobile industry will grow at a CAGR of 22.3% during 2012-2015.
The report, which is an outcome of an extensive research and in-depth analysis, facilitates the future forecasts on overall 3PL market of India till 2015. It also analyzes major vertical segments of the industry which include automobile, IT hardware, FMCG and consumer electronics. Besides this, the report also covers storage infrastructure of India (warehousing, cold storage and CFS/ICD). Freight movement through roads, railways, air and ocean is also discussed in the report. Forecast till 2015 for all the segments are is also provided. To provide a complete picture of the industry, profiling of key players which are categorized in public and private players is also included in the report. Overall, the report is meant to provide clients with an optimum source of knowledge and statistics in 3PL market of India.
For FREE SAMPLE of this report visit: www.rncos.com/Report/IM186.htm
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