India Warehousing Market to Grow At CAGR of 9.82% Through 2025
Growing E-commerce industry, organized retail sector and business expansions by FMCG companies in India to drive India warehousing market
According to TechSci Research report, “India Warehousing Market By Type (General, Specialty, Refrigerated), By Ownership (Public, Private, Bonded), By Sector (Industrial v/s Agricultural), By Usage Pattern (Single v/s Co-warehousing), By Infrastructure (Single Storey v/s Multi-storey), By End User Industry (Automotive, Food & Beverage, Chemical, Consumer Goods & Retail, Textile, Pharmaceutical, Others), By Region, Competition, Forecast & Opportunities, 2025”, India warehousing market was valued USD14.68 billion in 2019 and is projected to reach USD19.53 billion on account of the ongoing modernization and advancements in the warehouses. Additionally, warehouses have started offering several value-added services such as packaging, sorting, processing, among others. This in turn is expected to fuel the market growth in the coming years. Furthermore, improving warehouse infrastructure and growing need for process optimization is expected to spur the market demand over the next five years. Besides, adoption of advanced techniques such as use of handheld devices for scanning products and uploading data is expected to foster the market growth through 2025. However, lack of standards and accreditation coupled with challenges associated with land acquisition can hamper the market growth during the forecast period.
Browse over 51 market data Figures and Tables spread through 111 Pages and an in-depth TOC on“India Warehousing Market”
India warehousing market is segmented based on type, ownership, sector, usage, infrastructure, end user industry, company, and region. Based on ownership, the market can be categorized into public, private, and bonded. Public ownership currently dominate the India Warehousing Market, accounting for a share of 47.14% in 2019. Public ownership warehouses are owned by government and semi-government agencies and are rented by them. Such warehouses aid the small businesses who don’t have their own warehouses. The dominance of public ownership warehousing is increasing in India because pricing is based on the level of service utilized by the customer.
Container Corporation of India Ltd., Gati Ltd., Mahindra Logistics Ltd., Transport Corporation of India Ltd., Central Warehousing Corporation, DHL Express (India) Pvt. Ltd., FIT 3PL Warehousing Private Ltd., JICS Logistics Ltd., Food Corporation of India and Spear Logistics Pvt. Ltd. are some of the leading players operating in India warehousing market. In India, warehouses especially in the organized sector are being modernized by adopting advanced technologies like barcoding, RFID, WMS, Big Data, IoT, Automatic Identification and Data Capture (AIDC), etc. Retail companies seek to minimize their operational expenses by establishing automated warehouses for effective utilization of space and introduce MIS to develop a concrete and accurate roadmap regarding the storage of products in warehouses.
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“The market in North India is estimated to be the largest in the India Warehousing market with a share of 32.81% in 2019 owing to the several initiatives taken by governments for better warehousing facilities in terms of technology, infrastructure and taxation policies. Apart from this, the growing agriculture industry is creating a significant demand for improved storage and warehousing facilities for reducing damage caused to perishable food products such as fruits and vegetables.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.
“India Warehousing Market By Type (General, Specialty, Refrigerated), By Ownership (Public, Private, Bonded), By Sector (Industrial v/s Agricultural), By Usage Pattern (Single v/s Co-warehousing), By Infrastructure (Single Storey v/s Multi-storey), By End User Industry (Automotive, Food & Beverage, Chemical, Consumer Goods & Retail, Textile, Pharmaceutical, Others), By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of India warehousing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India warehousing market.
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