India Warehousing Market is anticipated to grow at a robust CAGR in the forecast period. 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, the company needs those devices that are used manually, reducing the company’s operating costs. Because of this, warehouses are created.
Rise of E-Commerce to drive the India Warehousing Market
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. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4816 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.
Investment by Uttar Pradesh Government
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.
Latest Developments driving the market growth
- DHL Supply Chain, a provider of contract logistics services, plans to invest USD503.04 million in India over the next five years to strengthen its workforce, warehousing capacity and sustainability efforts. The expansion will add 12 million square feet of storage space to the current portfolio, bringing total capacity to approximately 22 million square feet by 2026 and multi-client locations in Tier 2 cities like Badi, Cochin, Coimbatore, Guwahati, Sanand, Indore, Lucknow, Bhubaneswar, Hosur, Visakhapatnam and other fast-growing capital cities. are being developed. The company also announced plans to convert its entire fleet of inner-city vehicles to eco-friendly transport by 2025 and quadruple its Indian workforce to 25,000 by 2026. According to DHL Supply Chain, the SmarTransport division will leverage its investment in warehousing to achieve economies of scale through end-to-end service delivery to further accelerate transportation growth.In 2022, US-based Panattoni decided to set foot in India, investing USD200 million in the development of four industrial and logistics parks to meet the growing demand for warehouse space in major cities. Indian subsidiary Panattoni India Development Pvt Ltd is headquartered in Bengaluru.
Market Segmentation
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.
Market players
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.
AttributeDetailsBase Year2022Historic Data2018– 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, company share, growth factors, and trendsSegments coveredBy TypeBy GradeBy OwnershipBy InfrastructureBy End User IndustryBy RegionRegional scopeNorth India, South India, West India, East India Key companies profiledContainer 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.Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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:
- Research Methodology
2.1. Baseline Methodology2.2. Key Industry Partners2.3. Major Association and Secondary Sources2.4. Forecasting Methodology2.5. Data Triangulation & Validation2.6. Assumptions and Limitations
- Executive SummaryImpact of COVID-19 on India Warehousing MarketVoice of Customers
5.1. Brand Awareness5.2. Key factors for selecting vendor5.3. Key satisfaction level5.4. Key challenges faced
- India Warehousing Market Outlook
6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Type (General, Refrigerated)6.2.2. By Grade (A, B and C)6.2.3. By Ownership (Public, Private, Bonded)6.2.4. By Infrastructure (Single Story and Multi-Story)6.2.5. By End User Industry (Auto & Ancillary, E-Commerce, Consumer Goods & Retail, Pharmaceutical and Others)6.2.6. By Region6.2.7. By Company6.3. Market Map
- North India Warehousing Market Outlook
7.1. Market Size & Forecast7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Type7.2.2. By Grade7.2.3. By Ownership7.2.4. By Infrastructure7.2.5. By End User Industry
- South India Warehousing Market Outlook
8.1. Market Size & Forecast8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Type8.2.2. By Grade8.2.3. By Ownership8.2.4. By Infrastructure8.2.5. By End User Industry
- West India Warehousing Market Outlook
9.1. Market Size & Forecast9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Type9.2.2. By Grade9.2.3. By Ownership9.2.4. By Infrastructure9.2.5. By End User Industry
- East India Warehousing Market Outlook
10.1. Market Size & Forecast10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Type10.2.2. By Grade10.2.3. By Ownership10.2.4. By Infrastructure10.2.5. By End User Industry
- Market Dynamics
11.1. Drivers11.1.1. Rise of E-Commerce to drive the India Warehousing Market11.1.2. Investment by Uttar Pradesh Government11.2. Challenges11.2.1. Lack of government rules & regulations.
- Market Trends & Developments
12.1. Automation in warehousing
- Policy & Regulatory LandscapeIndia Economic ProfileCompany Profiles
15.1. Container Corporation of India Ltd. 15.1.1. Business Overview15.1.2. Key Revenue and Financials (If available)15.1.3. Recent Developments15.1.4. Key Personnel15.1.5. Key Product/Services offered