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Home / India News / 2007 / January / January 8, 2007
The Indian Third Party Logistics Market Likely to Flourish due to Growth of End-User Industries

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The Indian Third Party Logistics Market Likely to Flourish due to Growth of End-User Industries

Mumbai, Maharashtra, India

The growing adoption of the third party logistics (3PL) outsourcing model among Indian Consumer Electronics and Durables (CEDs) manufacturers is expected to drive the growth of the 3PL market in this sector. The penetration of this logistics concept is low, but poses immense potential for growth.

New analysis from Frost & Sullivan (www.automotive.frost.com), Strategic Analysis of 3PL Markets in the Indian Consumer Electronics and Durables (CED) Sector, reveals that the market earned revenues of $28.1 million in 2005 and is estimated to reach $ 89.8 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with a strategic overview of the 3PL markets in the Indian CED sector, then send an e-mail to Ravinder Kaur, Corporate Communications, at ravinder.kaur@frost.com your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

"The 3PL market in the Indian CEDs Sector is fairly nascent and is emerging with a high potential for good growth in the future," says Frost & Sullivan Research Analyst Deepak Mohan. "This growth is likely to come from increasing consolidation in the Indian CEDs sector, which is leading to improved logistics practices."

The penetration of 3PL is low at an estimated 15 percent of the total expenditure on logistics in the Indian CED sector. This poses an immense potential for growth in an already growing logistics market. Consolidation in this sector could result in bringing more companies under the logistics outsourcing umbrella, thereby propelling growth.

Despite the raw potential exhibited by the market, value added services are currently a key competitive differentiator. Clients are increasingly demanding the provision of value addition to service, for them to graduate towards a 3PL model. Moreover, certain companies have had experimentations with this model in the past. Though this could help 3PL growth, it may be long before achieving a fully developed outsourcing model. Logistics infrastructure in India is poor, hindering the 3PL industry's progress.

"In a highly competitive environment, logistics could be a competitive differentiator. But it needs very good infrastructure, which is lacking in India," explains Mohan. "Certain leading CED manufacturers have failed with the 3PL model in the past, and this may affect the outsourcing to 3PL companies in future."

In an industry where competitive pressures are increasingly affecting profitability, logistics could be an area for cost reduction. Pricing of services hence plays a very vital role in the market growth. With reduced margins, 3PL companies can hope to make a mark in this market.

The Strategic Analysis of 3PL Markets in the Indian Consumer Electronics and Durables (CED) Sector is part of the Automotive & Transportation Growth Partnership Service, and it covers market growth drivers, restraints and challenges that 3PL companies face. It also covers the Indian CED 3PL market size, individual service market sizes, and penetration of 3PL in each service segments. The study also provides a comprehensive view of the current and emerging trends in the market, market revenue forecasts and individual segment revenue forecasts. It also analyses the competitive scenario and highlights opportunities 3PL service providers can exploit in the market. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

Strategic Analysis of 3PL Markets in the Indian Consumer Electronics and Durables (CED) Sector
P065

Ravinder Kaur, Corporate Communications - South Asia, Middle East, Frost & Sullivan, + 91 (044) 4204 4515 ravinder.kaur@frost.com

Vanessa Quezada, Corporate Communications - North America, Frost & Sullivan, + 1 210 477 8427 vanessa.quezada@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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