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Follow on Google News | India Express Logistics Market Outlook, 2021The organized sector of the India Express Logistics Market is expected to constitute a CAGR of 14.59% in the coming five years: Bonafide Research
By: Bonafide Research & Marketing Pvt. Ltd. According to recently published report of Bonafide Research "India Express Logistics Market Outlook, 2021" the organized sector is holding major share of the Indian express market. The major players involved in the same consist of BlueDart, Gati, Safexpress, TCI, Indian Railways, and Indian Post etc. The unorganized players are the local regional players who deliver the parcels and at a very low cost who also acquire a large share of the market. The express industry stood at USD 3.39 Billion in 2015. The organized express market had recorded a CAGR of 17.50% till 2015. The organized segment is expected to exhibit a faster growth in terms of value than the unorganized in the total express market. Growth in the logistics industry depends on infrastructure availability and involvement of private players and increased government spending which will catalyze the growth in the industry. Currently, more than half of express shipments are delivered through road network. With push on Logistics infrastructure and specifically on road connectivity the efficiency is expected to improve in future. The overall speed of travel still remains low at 35-40 kilometers per hour for India compared to global average of 60-80 kilometers per hour. Companies in India currently outsource an estimated 52% of logistics, and 3PL represents only 1% of logistics cost. As ofnow, the 3PL activity is limited to only few industries like automotive, IT, telecom and infrastructure equipment.E- Outsourcing will obviously make (deliveries) Website: http://bonafideresearch.com/ End
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