- The key vendors in the Logistics and Transportation Market in India 2014-2018 are Agarwal Packers & Movers Ltd., DHL Express (India) Pvt. Ltd., Gati Ltd. and Transport Corporation of India Ltd.
London, 18 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Logistics and Transportation Market in India 2014-2018. The demand to outsource logistics activities is one key trend in the market. Several vendors in this market are outsourcing their logistics activities to 3PL or 4PL service providers, so that they can focus on their core areas and activities, thus reducing product delivery time and fulfilling the expectations of end-users. The Logistics and Transportation market in India is expected to grow at a CAGR of 10.72 percent in the period 2014-2018.
Logistics is an overall planning framework for the flow of materials, information and services in the supply chain environment. It involves the physical distribution of goods and services and internal operations and managing complex control systems and communications. It is used for the procurement, maintenance, distribution, and replacement of material by different manufacturers and suppliers in the country.
With the increase in demand for logistics and transportation services from the Automotive, FMCG, and Consumer Durables industries, the Logistics and Transportation market in India is expected to grow at a steady rate during the forecast period. The growing demand for intermodal services and outsourcing logistics will contribute toward the growth of the market.
“India is becoming a hub for manufacturing, with an increase in EXIM trade demand due to the entry of multinational companies and an increase in the disposable income of consumers,” says Faisal Ghaus, Vice President of TechNavio Research.
“The sectors which are seeing an overall increase in revenue are FMCG and Automotive. This has led to an increase in the movement of cargo, both in international and domestic markets.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
