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India Logistics Market to Witness a CAGR of more than 15% for the period 2012-2016: Ken Research

Increasing cold chain storage and transportation activities coupled with the rising agricultural and industrial production in the nation will drive the market growth

 
PRLog - Jan. 9, 2013 - ROHINI, India -- The logistics industry in India is one of the predominant industries in the country with around more than 11% of the GDP being spent on the development of the logistics framework in the country. The logistics market in India registered revenue of around USD 78.1 billion in 2008 where cold chain activities contributed almost 3% to the overall market. This was largely due to the country being a top producer in major perishable commodities such as milk, meat and others. The country is also witnessing a paradigm shift from conventional farming to horticulture, meat, poultry and dairy products, all of which are considered as perishables.

“The logistics industry in India is anticipated to grow at a CAGR of more than 15% for the period 2012-2016. This growth would largely be due to an improving logistics infrastructure in the form of the development of freight corridors, logistics hubs and warehouses, port development and technology up gradations. Additionally, the rise in India’s foreign trade, booming production and retail, low penetration of the organized players, growing middle class population and increasing investment by the private organized players in the logistics industry would support the growth pace.” according to the research report “India Logistics and Warehousing market Outlook to 2016 - Focus on Cold Storage Chains”

The Indian logistics market will witness huge growth opportunities for the current and upcoming logistics companies in terms of revenue due to increasing production, imports, and exports activities while the government taking keen interest to bring the development and boost in the industry.

The report provides detailed overview on the logistics and warehousing market coupled with cold chain in India and helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, waste management companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

For more information on the industry research report please refer to the below mentioned link:
http://kenresearch.com/report.php?A=335&T=D&S=100

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Industry:Research, Transportation
Tags:logistics market, third party logistics, Warehousing Market, Cold Chain Market, Cold Storage Market
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