Delhi, India (PressExposure) May 25, 2009 -- The automobile and auto components industry of India is increasingly concentrating on logistics practices and innovative supply chain to balance costs in order to improve the levels of services and increase product diversity amid intensifying global competition. More and more automobile manufacturers are now opting for 3PL services providers instead of handling logistic operations themselves. According to our latest research report â3rd Party Logistics Market in Indiaâ, auto and auto component industry has evolved has the frontrunner in inheriting 3PL services in its value chain model.
We have found that the auto and auto component industry accounted for more than 50% of the total 3PL industry revenue during 2008. The total revenue generated by 3PL service providers through auto and auto component industry stood at around US$ 900 Million. At present, 3PL players account for 15% of the overall automobile logistic market in India. Despite the growing concern to focus on core areas and to outsource the logistic operations, the non-3PL players dominate the overall automobile logistic segment in the country.
The 3PL market in the automobile sector is set for explosive growth during 2009-2012 as compared to the period spanning from 2005 to 2008. The market fundamentals are strongly in favor of growth and there exist enormous opportunities for 3PL players in the automobile industry.
We expect that the 3PL services revenue from automobile industry will account for 60% of total industry revenue as 3PL services help automobile companies to focus on their core operational areas in order to improve their competitive level in the market. It is further anticipated that rising export levels and growth in domestic market will drive the demand of 3PL services in the Indian automobile and auto component industry in the coming times.
The report â3rd Party Logistics Market in Indiaâ gives an overview of the current situation of 3PL services in India. The segment wise market potential of 3PL services helps the client to analyze the penetration level of new modern logistic services across various industries in India. It also highlights the factors responsible for the increasing attractiveness of the Indian 3PL market along with brief overview of the key players in the industry.
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