The logistics market in India is all set to cross revenues of $ 200 billion by 2020 as a result of its consistent growth rate of around 8-9 per cent every year, according to Exim News Service.

Frost & Sullivan, in its yearly sectoral analysis on the domestic transportation and logistics sector, points out that the market is likely to witness buoyant growth in 2011, similar to 2010, thereby reaching revenues of about $ 90 billion.

The logistics market registered revenues of nearly $ 82.10 billion 2010, registering a growth of about 9.2 per cent over the earlier year. Strong growth in key manufacturing industry sectors such as automotive, engineering, pharmaceuticals, food processing, textiles, among others, contributed significantly to this growth, the analysis said.

Considering the reviving fortunes of the sector, with booming end-user industries, it is likely to witness a consolidation wave, according to the analysis.

Equity and venture capital firms are also apparently eyeing a slice of the logistics segment, which went through a rough patch during the last 12 to 16 months.

Source: TransportWeekly