Indian Warehouse Market Size, Share, Growth and Trends Forecast 2024-2032

Indian Warehouse Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 9.2% (2024-2032)

The Indian warehouse market is experiencing rapid growth, driven by e-commerce, manufacturing, and logistics advancements. According to the latest report by IMARC Group, the Indian warehouse market size reached INR 1,378.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 3,107.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.2% during 2024-2032. 

Indian Warehouse Industry Trends and Drivers:

The Indian warehouse market is expanding rapidly, owing to several interconnected factors, including the quick development of the retail, third-party logistics (3PL) as well as e-commerce industries. Besides this, the growth of the market is mainly fueled by the heightened demand for efficient storage and distribution solutions brought about by the rise in omnichannel commerce and internet shopping. Additionally, the increasing penetration of global supply chains and the demand for temperature-controlled storage for pharmaceuticals, food, and beverages are further propelling the Indian warehouse market. In line with these factors, the initiatives of government bodies like "Make in India" and the implementation of the Goods and Services Tax (GST) have streamlined supply chain operations, encouraging the development of large, organized warehousing facilities.

A key trend in the Indian warehouse market is the increasing adoption of advanced technologies, such as automation, robotics as well as the Internet of Things (IoT), in warehouse operations to enhance efficiency and reduce operational costs. Moreover, the rise of multi-story warehouses in urban areas to address land constraints and the growing focus on green warehousing practices, including energy-efficient designs and renewable energy integration, are gaining traction. In addition to these factors, the shift towards integrated warehouse management systems and real-time tracking solutions is improving inventory control and delivery accuracy. Apart from this, with expanding infrastructure investments under initiatives like the National Logistics Policy and increasing demand for modern, organized warehouses, the market is poised for substantial growth. Consequently, the combination of these factors is anticipated to propel the expansion of the Indian warehouse market in the coming years.

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Indian Warehouse Industry Segmentation:

The report has segmented the market into the following categories:

Sector Insights:

• Industrial Warehouses
• Agricultural Warehouses

Ownership Insights:

• Private Warehouses
• Public Warehouses
• Bonded Warehouses

Type of Commodities Stored Insights:

• General Warehouses
• Speciality Warehouses
• Refrigerated Warehouses

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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