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, By Ownership, By Sector, By Usage Pattern, By Infrastructure, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, India warehousing market is projected to grow to $ 19.5 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.
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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. The private ownership segment is expected to register significant growth in the market through 2025. These warehouses are owned and managed by the channel partners/suppliers/resellers and are used for their own distribution activities. Based on infrastructure segmentation, the market can be bifurcated into single storey and multi-storey. The single storey segment is expected to dominate the market since most of the warehouse clusters in the country consist of single storey warehouse buildings. Nevertheless, multi-storey warehouses are expected to witness faster growth during the forecast period. The increasing land acquisition cost and rising demand from manufacturing companies to set-up their distribution centers close to end-consumers is driving demand for multi-storey warehouses. Container Corporation of India Ltd., Gati Ltd., Mahindra Logistics Ltd., Transport Corporation of India Ltd., Central Warehousing Corporation, DHL Express (India) Pvt. Ltd., Jayem Warehousing Pvt. Ltd., JICS Logistics Ltd., Shalimar Warehousing Corporation, and Spear Logistics Pvt. Ltd. are some of the leading players operating in India warehousing market.
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“India warehousing industry is highly fragmented with presence of a lot of unorganized players in the market. These players are managing small warehouses with limited automation. However, the penetration of organized retail sector in India is expected to create lucrative opportunities for market growth in the coming years. Additionally, growing investments by major private players as well as international players in the Indian warehousing industry is further expected to fuel the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.
“India Warehousing Market By Type, By Ownership, By Sector, By Usage Pattern, By Infrastructure, By End User Industry, 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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