Indian Warehouse Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The Indian warehouse market size reached INR 1,248 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 2,271 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028. The rising number of government initiatives to expand the contribution of India in global trade, rapid expansion of the e-commerce industry, and the growing demand in the automotive industry due to the increasing purchase of personal cars and electronic vehicles (EVs) represent some of the key factors driving the market.
A warehouse refers to a commercial space or building wherein raw materials or manufactured products are stored until they are distributed to shops for selling or exporting to other countries. It comprises security guards and managers to protect the goods from loss, theft, and damage caused due to unfavorable weather conditions, dust, dirt, and moisture. It also consists of a wide variety of equipment, such as forklifts, conveyors, overhead chain conveyors, pallet lifts, bridge cranes, dock bumpers, yard ramps, and automated guided vehicles (AGVs), to carry goods from one place to another seamlessly. A warehouse can make specific arrangements for various types of commodities or items catering to their nature. It is majorly located in industrial areas, outskirts of cities or secluded rural areas. It stores goods required for seasonal demands, promotional campaigns, and speculative purchases. Apart from this, as a warehouse helps in minimizing losses significantly that are caused by spoilage or wastage, it is extensively used by manufacturers, importers, exporters, and wholesalers across India.
Indian Warehouse Market Trends:
At present, the increasing demand for warehouses in logistics to uplift the value of goods by keeping them fresh and available at the right time represents one of the primary factors influencing the market positively in India. Besides this, the Government of India is undertaking initiatives to expand the contribution of India in global trade and launching the Export-oriented Units (EOU) scheme to boost exporting activities and reduce the trade deficit. In addition, the rapid expansion of the e-commerce industry due to the increasing online shopping activities of individuals is propelling the growth of the market in India. Apart from this, the growing utilization of warehouses for spontaneously packaging, docking, and drawing out products to reduce delivery time is offering a favorable market outlook. Additionally, the rising demand for warehouses in the automotive industry due to the increasing purchase of personal cars and electronic vehicles (EVs) is supporting the market growth in the country. Moreover, key market players are incorporating various value-added services, along with conventional warehousing to optimize supply chain management, generate higher value, and deliver goods efficiently to customers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian warehouse market report, along with forecasts for the period 2023-2028. Our report has categorized the market based on sector, ownership and type of commodities stored.
Sector Insights:
Industrial Warehouses
Agricultural Warehouses
The report has provided a detailed breakup and analysis of the warehouse market based on the sector type. This includes industrial warehouses and agricultural warehouses. According to the report, industrial warehouses represented the largest segment.
Ownership Insights:
Private Warehouses
Public Warehouses
Bonded Warehouses
A detailed breakup and analysis of the warehouse market based on the ownership has also been provided in the report. This includes private warehouses, public warehouses, and bonded warehouses. According to the report, private warehouses accounted for the largest market share.
Type of Commodities Stored Insights:
General Warehouses
Speciality Warehouses
Refrigerated Warehouses
A detailed breakup and analysis of the warehouse market based on the type of commodities stored has also been provided in the report. This includes general warehouses, specialty warehouses, and refrigerated warehouses. According to the report, general warehouses accounted for the largest market share.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Indian warehouse market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key Questions Answered in This Report:
How has the Indian warehouse market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the Indian warehouse market?
What is the impact of each driver, restraint, and opportunity on the Indian warehouse market?
What is the breakup of the market based on the sector?
Which is the most attractive sector in the warehouse market?
What is the breakup of the market based on the ownership?
Which is the most attractive ownership in the warehouse market?
What is the breakup of the market based on type of commodities stored?
Which is the most attractive type of commodities stored in the warehouse market?
What is the competitive structure of the Indian warehouse market?
Who are the key players/companies in the Indian warehouse market?
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