PUBLISHER: TechSci Research | PRODUCT CODE: 1355109
PUBLISHER: TechSci Research | PRODUCT CODE: 1355109
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A warehouse is a building typically used by manufacturers, wholesalers, customs authorities, etc. to store, pack, and prepare products for distribution. The system plays an important role in supply chain management. Furthermore, it is an integral part of modern supply chains, including the processes of sourcing, manufacturing and distributing goods and products. Processing from raw materials to semi-finished products to final products. Not only that but warehousing also becomes very important in regulating the distribution of goods resulting from imbalances in supply and demand. For office requirements, company needs those devices which are used manually, reducing company's operating costs. Because of this, warehouses are created.
Market Overview | |
---|---|
Forecast Period | 2024-2028 |
Market Size 2022 | USD 18.2 Billion |
Market Size 2028 | USD 27.62 Billion |
CAGR 2023-2028 | 7.4% |
Fastest Growing Segment | E-commerce |
Largest Market | South India |
Demand for warehousing has increased especially after COVID-19 due to rise in E-commerce sales. Compared to pre-pandemic, more people have been observed to shop online, even in Tier II and Tier III cities. Large e-commerce companies are expanding their delivery networks to meet this increased demand. As a result, the demands on shopkeepers are likely to increase. The speed of delivery has become more and more swift. E-Commerce platform Blinkit has a target of 10 minutes for their delivery persons to deliver the items to the customer. Brands are also engaging online with customers whose exposure is limited to offline channels. According to India Brand Equity Foundation (IBEF), India's E-Commerce Market is expected to reach USD200 billion by 2026 and is expected to propel the India Warehousing Market during the forecast period.
In 2022, the Government of Uttar Pradesh passed the 'Warehouse Logistics Policy 2022'. Through this policy, the government sees UP becoming an economy of USD1 trillion. The purpose of this policy is to create a strong transportation infrastructure network and improve the existing storage and logistics infrastructure. The policy will also help create a world-class business environment, develop the logistics ecosystem within the state, and contribute to the development of new technologies in a rapidly changing global economy. The policy will also benefit the development of infrastructure facilities such as storage facilities, logistics parks, dry ports and cargo terminals. It will also help transform Uttar Pradesh into a trillion-dollar economy. This shall encourage other state governments to invest in warehouse market and thus, is expected to drive the India Warehousing Market during the forecast period.
India Warehousing Market is segmented into type, grade, ownership, infrastructure, end user industry, region and competitive landscape. Based on grade, the market is segmented into A, B and C. Based on ownership, the market is divided into public, private, bonded. Based on infrastructure, the market is further bifurcated into Single Story and Multi-Story. Based on infrastructure, the market is further segmented into Auto & Ancillary, e-commerce, consumer goods & retail, pharmaceutical, and others. Based on region, the market is divided into north, south, west, east.
Major market players in the India Warehousing Market are 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.
In this report, India Warehousing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the India Warehousing Market.
TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
(Note: The companies list can be customized based on the client requirements.)
The data given for any year represents the market during the period, i.e., 1st April of the former year to 31st March of the latter year. Eg: For FY2024E, the data represents the period, from 1st April 2023 to 31st March 2024.