Sunday, July 10, 2011

Boom Time For Logistics Sector In India

If the marketing research facts are supportive, logistics sector in India is set to boom with almost accounting 13% of India’s GDP. Coming three to four years will see a cumulative growth of 25 per cent annually. The top market leaders which include Future Group, Tata, Mahindra and TVS have been sensing this growth with execution of bold decisions. TVS have been busy in acquiring overseas companies such as Hitachi Transport and Nippon Express.

Logistics market is though highly fragmented with only 2% market share lies with top 10 players. Tata Group’s logistic company DIESL which was set up to support Tata Teleservices earns more than 20% of it’s turn over from logistics. Mahindra Logistics which has a strong overseas presence eying two big markets China and US.

As per the online market research reports growth and expansion in manufacturing sector has opened new opportunities for logistics market in India. The growing trend will take the pace and will see a rise of more than 10% yearly by year 2015.

Visha Consultants, a premier market research company too is coming with fresh marketing research reports with findings from interviews with market leaders in the logistics sector. The company is also planning to do online market survey on national basis to take view points from not only the main players but also the companies who hold up the most of the market share.