E- Commerce Market Stimulates Indian 3PL Market

According to a new research report by RNCOS entitled, ?India 3rd Party Logistics Market Outlook 2020?, the 3PL has gained huge popularity in past couple of years due to its attractive benefits and convenience. The major growth drivers of the industry are Introduction of new logistics services, increasing awareness, tough competition, rising disposable income and huge government support.

E-commerce is considered to be the fastest growing sector in India. With the growing popularity of internet, electronic commerce (e-Commerce) is also gaining momentum. Online retail/ e-commerce which started in 2007 have changed the pattern of how people used to shop. Starting from clothes, shoes, perfumes, accessories, electronics, home appliances, d?cor all the merchandise is now available online.

The consumer mindset has also changed in the past couple of years, they have started trusting online sites, and this has resulted in increased e-commerce market demand and ultimately increased in demand for their logistics services. Primary logistics services used the e-commerce players are transportation, warehousing, packaging, tracking and freight forwarding. It is observed that the 50% of the e-commerce market has in-house logistics operations or subsidiaries; and the other 50% is controlled by third-party logistics (3PLs) service providers including traditional Logistics Service Providers (LSPs), e-commerce focused logistics providers and India Post.

E-commerce market accounts for about 11% of the Indian 3PL market?s revenue alone and it is expected to capture the major chunk of the 3PL industry in near future. The primary reasons for the remarkable growth in this sector are increasing penetration of smart phones and internet, decreasing internet charges, rise in affordability, and entry of new players and introduction of new products.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM795.htm

Check Related REPORTS on: http://www.rncos.com/Transportation.htm


ABOUT RNCOS

RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.

Company :-RNCOS E-Services Pvt. Ltd.

User :- Shushmul Maheshwari

Email :-press@rncos.com

Phone :-91-120-4224700

Mobile:- -

Url :- http://www.rncos.com