|08-20-2018 09:22 AM CET - Logistics & Transport||
Project Logistics, in India Market is Booming Worldwide with Agility Logistics Private Limited, Atlas Logistics Private Limited
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
HTF Market Intelligence released a new research report of 97 pages on title 'Project Logistics Market in India 2012' with detailed analysis, forecast and strategies. The study covers important players such as Allcargo Logistics Limited, Aqua Logistics Limited, Arshiya International Limited etc.
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Growing investments in key sectors of the economy is driving the project logistics market in India. Project logistics refers to handling of shipment of over dimensional cargo (ODC) more importantly those that have to be delivered within stipulated time. Such cargo need to be generally transported to remote locations that have accessibility constraints.
The report begins with an introduction section that gives a total overview of the logistics sector and its components. Thereafter, the section provides an elaborate understanding of network logistics that comprises of ‘Temporary Logistics Network', ‘Permanent Logistics Network', ‘Flexible Logistics Network' and ‘Combined Logistics Network'.
The introduction section is then followed by the market overview of the project logistics segment. The section demonstrates the current market size along with forecasted market size and growth rate that would be prevalent in the market till 2016. The section also deals with the cargo transport segmentation by containerization and projects. It also highlights the logistics cost as percent of GDP that is borne by India in comparison with BRICS nations as well as developed nations. It section then elaborates the possible areas of project logistics application.
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The next section deals with the implementation of ‘Goods Service Tax' (GST) in the logistics sector from the erstwhile ‘Central Sales Tax' (CST) regime and how the transition has not only benefitted the warehousing industry but the entire logistics industry as a whole. This is because any positive impact on warehousing has a roll over benefit on the logistics industry in totality.
The report then deals with the ‘Project Logistics Management' tool which if implemented in high investment projects can help in systematic handling of projects from initiation to completion. The solution can thus help in efficient resource management and avoid cost overshoot and other related wastage.
The next section deals with some very effective success factors that would enable project logistics companies to earn good business by raising reliability among clients.
Thereafter, the next section deals with issues that are hampering project logistics business. Issues related to transport cost; material handling equipments (MHEs) and technology adoption are decelerating project logistics business significantly.
The report then elaborates the drivers and challenges that the industry is facing in current market scenario. It provides a comprehensive set of factors which boosts and hinders the growth of the market. Some of the key drivers include growth of the energy sector, rise in number of infrastructural projects, demand accruing from mining and automobile sectors and the growing warehousing facilities. The factors hindering the market growth can be summarized to be poor infrastructure quality, difficulty in permits attainment and unfriendly taxation policy, delays in project initiation in India due to regulatory bottlenecks, technology issues and inefficient MHEs.
The trends prevalent in project logistics market can be summarized into service-wise and region-wise diversification. Service diversification implies penetrating other business segments apart from the sectors in which project logistics is currently in operation. Region-wise diversification pertains to the newly developing economy that is attracting large investments. The rising number of infrastructural projects in the region is driving project logistics companies to set up their business there.
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The competition section profiles the major players in project logistics market in India in details within the report 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 strategic recommendations section provides recommendations that could amply benefit the project logistics sector. Building awareness, incorporating third party logistics, enabling multimodal transport, initiating public private partnerships and provision of opportunities in training and skill development are some of the strategies that could boost the sector's operation considerably.
Companies Mentioned in the Report
Allcargo Logistics Limited, Aqua Logistics Limited, Arshiya International Limited, Balmer Lawrie & Co. Limited, Transport Corporation of India Limited
Agility Logistics Private Limited, Atlas Logistics Private Limited, Direct Logistics India Private Limited, Freightlinks International (India) Private Limited, Freight Systems (India) Private Limited, J.M. Baxi & Co. Limited, Om Freight Infrastructure Logistics Private Limited, Sarr Freights Limited, SDV International Logistics Limited, Seaways Shipping Limited, Synergy Express Carriers Private Limited, Tiger Logistics India Private Limited, Unique Global Logistics Private Limited
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