Global Trade Boom and Surge in FDI Set to Drive Logistics Services Market in India
Mumbai, India, February 21, 2013 --(PR.com
)-- Market research firm Netscribes Inc has just launched a report on the Logistics Services Market in India which focuses on the strong growth potential of the sector. The report is a part of Netscribes’ Transportation and Logistics Services.
Logistics services broadly encompass courier services, freight forwarding, third party logistics and reverse logistics. Growth in international trade has provided huge impetus to the demand for the logistics services, according to the report. It also states that third party logistics providers need to customize their services and charge competitive rates to benefit from the retail boom in India. E-tailing has revamped shopping experience by transforming it from a weekend to anytime activity that is having a favorable impact on courier and reverse logistics sectors, as per the report.
The report begins with an introduction, classifying the logistics sector into transportation, storage and logistics services. The logistics services being the focus of the report are then segmented into four parts including Courier Services, Freight Forwarding, 3PL and Reverse Logistics. These four segments are then briefly introduced.
The next section briefly illustrates the evolution of the four segments of logistics services that are illustrated in the report.
The Market Overview section provides a brief snapshot of the logistics services market in India. To begin with, it shows the share of logistics services in the overall logistics market, followed by the market size and growth in logistics services market in India. A brief snapshot of the overall market attractiveness of each of the segments has also been incorporated. The share and growth of the four segments in logistics services is also shown. Subsequently a brief overview followed by its market size and growth of the four segments are demonstrated.
The Advantages of Services section deals with the beneficial features of the four segments considered in the logistics services.
The Segments and Features section elaborates the different segments and characteristics of the four markets - Courier Services, Freight Forwarding, 3PL and Reverse Logistics.
Distribution Channel section illustrates the supply chain of the four markets - Courier Services, Freight Forwarding, 3PL and Reverse Logistics.
Role of Regulatory Bodies section explains the role of government in courier service market. It also highlights the role of Express Industry Council of India (EICI) on courier service. Members of EICI are also listed. Further the role of United Nations Environment Programme (UNEP) on Freight Forwarding market is discussed. The Standard Trading Conditions for Freight Forwarders are also given in this section.
Drivers and challenges section in the report provides a comprehensive set of factors which boosts and hinders the growth in the market. An analysis of the section brings forth the key drivers fueling growth in the market. The common drivers for the four market segments includes global trade boom, rapid economic growth, FDI in logistics, growth in retail sector, rise in e-tailing, increased demand in consumer electronics and durables industry, and expansion of auto and auto components sector.
Other unique drivers for courier service market include financial institution’s dependence on courier, growing business of private telecom sector, and seasonal business upsurge due to occasions. Other unique drivers for freight forwarding market includes diversification into logistics business, improved transportation infrastructure, and rising competitiveness among domestic companies. The drivers for 3PL Market includes high cost of logistics in India, phased implementation of VAT, and government infrastructure initiatives. Lastly, the contributors to the reverse logistics market includes government concern for sustainability, garnering customer satisfaction, growing consumerism among Indians, economic viability of reusing goods, and growth of pharmaceutical market.
While the common challenges identified, include poor infrastructure, lack of skilled manpower, and warehouse space deficit, the challenges for freight forwarding are competition from international counterparts, rise in freight costs, and complex operation. As far as the courier service market is concerned, the major roadblock is the delay in clearance process. Other unique challenges for 3PL Market include high inventory levels and lack of trust and awareness. The reverse logistics market is facing problems related to e low importance to returns management.
The Key Issues section discusses the operational problems in each of the four segments considered in this report.
Technological Trends section in the report emphasizes on the recent trends in the technology adopted in logistics services sector such as enterprise resource planning, supply chain management, global positioning system, electronic data interchange, warehouse management solution, automated guided vehicle system, radio frequency identification, handheld mobile solutions, bar code, and courier tracking technology for courier management. Further software solution providing companies and technology adoption by leading players are also highlighted.
The Competitive Landscape section profiles the major Indian players in logistics services market in details which enables readers to get a clear picture of the current competitive scenario. The section lists the basic details of the players such as corporate information, business highlights and key members. The section also features financial analysis of key vendors which in turn provides us with the financial health of players.
The report concludes with a strategic recommendations section that provides suggestions and strategies for the existing and new players in the four segments of logistics services market in India - Courier Services, Freight Forwarding, 3PL and Reverse Logistics.