Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report on the expanding Indian logistics market. “India Logistics Outlook 2007,” forecasts that the market will grow 9% each year to reach $125 billion by 2010.
India is experiencing strong growth enablers which are leading to increased market opportunities within its logistics industry and the outsourced or third-party logistics (3PL) sector of the market. Fuelled by the growth of per capita disposable incomes, fast growing manufacturing and organised retailing sectors, strong foreign direct investment inflows (FDI) in automotive, capital goods, electronics, retail, and telecom means the market is ripe to expand dramatically over the next five years.
It is the consumer market which will lead growth in the 3PL sector as operators provide multiple tactical logistics services. Consumer markets are extending beyond the five metros of Mumbai, Delhi, Bangalore, Chennai and Hyderabad and efficient product distribution is key to successfully competing across various industry channels. As a result specialist knowledge of logistics is becoming invaluable and opening up the 3PL market.
The currently fragmented nature of the logistics industry also provides an opportunity for 3PL service providers. Transporters with fleets of smaller than five trucks account for over two thirds of the total trucks owned and operated in India. In order to reduce logistics costs and focus on core competencies, Indian companies across various industries are now increasingly seeking and using the services of experienced 3PL providers.
However, there are obstacles to be overcome if the full potential of this market is to be exploited. India’s infrastructure remains underdeveloped and, with most freight traveling on a road network which has only 2% as National Highway there are clearly issues to be addressed.
This report provides an essential overview of the Indian logistics market, its structure and activities of the key stakeholders. The report incorporates top level data, forecasts and insightful analysis of the main factors affecting the industry, both currently and in the future. Verticals covered include FMCG, automotive, textiles, retailing, electronics and pharmaceuticals. Logistics Industry Segments include Air freight, road freight, rail freight, CEP (Courier, Express and Parcels), sea freight, multi-modal transportation and container logistics.
“India Logistics Outlook 2007,” is available in pdf format from Report Buyer.
Report Buyer product ID: DAT04666
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