Logistic and Shipping Market Research Report By Kenresearch

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Logistic and Shipping Market Research Report By
Ken Research
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Blooming Indian Logistics and Shipping Industry
Looking into the economy of India, logistics
and shipping industry has evolved as one of the
fastest growing industry. These services provides
variety of trade benefits like material
processing, product handling, transportation,
inventory management, warehousing, providing
inputs of production, etc. With growing domestic
and international trade, demand for logistics and
shipping services is thriving tremendously in
past few years.
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Firms which earlier used to perform these
activities by themselves are now outsourcing for
which many IT firms, new startups and business
ventures, cargo firms, freight carrier firms,
etc. are introduced in Indian economy every
single day making shipping and logistics industry
a billion dollar industry in India. Major
Transportation Mode Used Indian government is
focused on infrastructure development to make
logistics and shipping industry a facilitator of
growth. Government is focusing on development of
roads since a large chunk of freight interchange
in India takes plays through roadways via trucks.
Thus, to facilitate easy transportation and
creation of north-south corridors, east-west
corridors, Central Road Fund has been undertaken.
Further, railways are extensively used as an
inexpensive mode of transportation of bulky
consignments. Government is aiming at development
of railways for smooth and easy freight
transportation. Further, many projects for
development of seaports and airports has also
been undertaken to facilitate growth in logistics
and trade industry.
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• Key Drivers of Growth
• Major factors that have led to mind boggling
  growth in the industry are given below
• Now companies are appreciating the crucial role
  played by sophisticated logistics and shipping
  services in minimizing costs and escalating
  saving. Demand for advanced and expert logistics
  and shipping services is increasing with rising
  complications of supply management, rising
  competition, greater interlinkages between
  economies, explosion in product diversity,
  reduction of life span of the product.
• Due to sky high demand from consumers and cost
  tension, firms are becoming extremely competitive
  and rivalrous. Thus to dominate the market and
  distinguish themselves from others firms,
  companies are using better logistics and shipping
  services for timely delivery, return pickups,
  improved inventory organization, etc. in order to
  ensure maximum consumer satisfaction and revenue.

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• With greater globalization and rising
  interlinkages between economies, demand for
  logistics and shipping services is also rising
  which ensures timely delivery, proper market
  penetration, well-organized supply chain
  management laden to efficient global trading.
• Evolving online trading and e-commerce industry
  has provided a boost to logistics and shipping
  industry. Many Indian online retail websites like
  Jabong, Flipkart, Amazon, etc. is making optimum
  use of the services for efficient trade and fast
  delivery.
• Government is also playing an important role in
  promoting the industry. Relaxation in trade laws,
  greater amount of public investment in building
  infrastructure, permitting privatization of
  infrastructure industry are contributing
  significantly in enlargement of logistics and
  shipping industry.
• Fast paced growth has been witnessed in the
  logistics and shipping industry and is expected
  to grow even more in future. However, the
  industry still lacks maturity and
  sophisticationdue to absence of proper
  infrastructure.

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To know more on coverage, click on the link
below https//www.kenresearch.com/automotive-tra
nsportation-and-warehousing/logistics-and-shipping
/SC-100-45.html Contact Ken Research Ankur
Gupta, Head Marketing Communications query_at_kenre
search.com 91-124-4230204
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