India Warehousing Market to be dominated by E-Commerce Segment through 2028
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.
Browse over XX market data Figures
spread through 70 Pages and an in-depth TOC on the "India Warehousing Market"
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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