Growth of E-Commerce sector and increasing demand for manufactured products are the major factors propelling the India Warehousing Market growth during the forecast period of 2024-2028
According to TechSci Research report, “India Warehousing Market – By Region, Competition Forecast & Opportunities, 2018-2028,” the India Warehousing Market is expected to register robust growth during the forecast period, 2023-2028, Warehousing is the process of storing physical inventory for sale or distribution. Warehouses are used by all kinds of businesses that need to store large quantities of products temporarily and then either ship them to other locations or ship them individually to end users. For example, many e-commerce companies buy products in bulk from suppliers who ship them to warehouses for storage. Then, when an end customer places an order on its e-commerce site, the company (or its third-party vendor) picks the product from the warehouse, packages it, and ships it directly to the customer. E-commerce is driving rapid growth across the warehousing industry. In fact, the market has doubled in the last decade as companies around the world invest heavily in their supply chains to get goods to consumers and businesses faster and more efficiently. This is not unique to e-commerce businesses. Most physical retailers have limited inventory space in their stores, but still need to keep up with demand. Having additional inventory in nearby warehouses allows them to constantly replenish their stores during high volume periods such as holidays, even if the suppliers are in other countries and are slow to produce and ship new products.
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The India Warehousing Market is segmented into type, grade, ownership, infrastructure, end user industry, region and competitive landscape. Based on end user industry, E-Commerce Segment is expected to dominate the market during the forecast period. E-Commerce warehousing is the process of storing goods sold online, and e-commerce warehouse management refers to managing all processes related to running an e-commerce warehouse. This includes managing all employees working in the warehouse and tracking all equipment and inventory (raw materials and finished goods) in the warehouse. This helps the company to monitor all the processes that take place in their warehouse, from the moment inventory arrives to the moment it is shipped. The company can also forecast customer demand to avoid overstock and out-of-stock situations. Businesses can ensure the safety of all employees, inventory and equipment and take the necessary safety measures to prevent accidents.
Based on region, the market is divided into north, south, west, east. South India is expected to dominate the market during the forecast period. This region has the highest population and has IT hubs across the region. As a result, sales of electronic items are expected to remain high all the time, which is expected to increase the warehouse market as electronic products are expected to remain in demand due to their high use.
Key market players in the India Warehousing Market: –
- 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
- Spear Logistics Pvt. Ltd.
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“India Warehousing Market is expected to grow due to rise in E-Commerce and manufactured products. Growth in E-Commerce sector can be attributed to COVID-19 which changed the consumer behavior for shopping, hence made the way for warehousing market in India. South India is expected to dominate the market due to the region being the IT hub of India.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Warehousing Market By Type (General, Refrigerated), By Grade (A, B and C), By Ownership (Public, Private, Bonded), By Infrastructure (Single Story and Multi-Story), By End User Industry (Auto & Ancillaries, E-Commerce, Consumer Goods & Retail, Pharmaceutical, Others), By Region, Competition Forecast & Opportunities, 2018-2028,” 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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