Warehouse Automation Market to reach a value of INR 421.50 Bn by 2024 |Addverb Technologies, Armstrong Machine Builders, Falcon Autotech
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Important players listed in the study: Addverb Technologies Private Limited, Armstrong Machine Builders Private Limited, Falcon Autotech Private Limited, Godrej Consoveyo Logistics Automation Limited, Hinditron Services Private Limited, The Hi-Tech Robotic Systemz Limited, Vega Conveyors & Automation Private Limited, Bastian Solutions India Private Limited, Grey Orange India Private Limited
In 2019, the warehouse automation market in India was valued at INR 202 Bn. It is expected that the market will expand at a compound annual growth rate (CAGR) of ~13.38% during the 2020-2024 period, to reach a value of INR 421.50 Bn by 2024. Growth in e-retail operations and the implementation of the Goods and Services Tax (GST) facilitated the expansion of the warehouse automation market in India. Moreover, the evolution of advanced technological solutions in India like the evolution of artificial intelligence (AI), Industrial Internet of Things (IIoT) and Blockchain, and their application in warehousing, are impelling warehouse and supply-chain operators to adopt automated systems. The implementation of warehouse automation systems benefits supply-chain operators by way of reducing operating costs and labor charges, and allowing inventory transparency.
However, with the growing popularity of warehouse automation, corporations are downscaling their workforce on account of replacing laborers with robotics. This is contributing to the escalating unemployment rate in the country. Installation and maintenance costs of automated warehousing systems are quite high, which may stand as an obstacle for the growth of the market.
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Insights about competition in the market:
The warehouse automation market is highly fragmented. It is driven by small organizations, new in the market, like Addverb Technologies Private Limited, Falcon Autotech Private Limited and Grey Orange India Private Limited. The players are mostly of identical financial strength, and many of them offer differentiated warehousing solutions. Grey Orange is a leading provider of AGV and AMR solutions in the market, whereas Falcon Autotech and Addverb Technologies provide warehouse management software (WMS) to their clients. These companies offer warehouse automation solutions to major clients like Asian Paints Limited, Flipkart Private Limited, Amazon India Limited, Coca-Cola India Private Limited, and Hindustan Unilever Limited; operating in different sectors in India. With technological innovations and advancements in the market, companies intend to expand their verticals in other warehousing solutions as well. With the extension of their service and solution offerings, players will have better opportunities at netting greater shares in the market. Therefore, within a few years, an intense industrial rivalry may be anticipated among players in the warehouse automation market in India.
This report covers the current scenario and growth prospects of Warehouse Automation Market for the period 2019 to 2025. The study is a professional and in-depth study with around - no. of tables which provides statistics of actual scenario of industry and acts as valuable guide to direction companies and individuals interested in the domain.
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On what parameters study is being formulated?
- Analysis Tool: The Warehouse Automation Market Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.
-Key Strategic Developments: This Warehouse Automation study includes product/service developments of market, including R & D, new launches, M & A, JV & partnerships along with regional growth of leading giants in the market.
-Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.
The Warehouse Automation study includes data from 2014 to 2025 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.
Some extract from Table of Contents
• Overview of Warehouse Automation Market
• Warehouse Automation Size (Sales Volume) Comparison by Type (2019-2025)
• Warehouse Automation Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Warehouse Automation Size (Value) Comparison by Region (2019-2025)
• Warehouse Automation Sales, Revenue and Growth Rate (2019-2025)
• Warehouse Automation Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Warehouse Automation
• Warehouse Automation Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
Check complete table of contents with list of table and figures @ https://www.htfmarketreport.com/reports/2585550-warehouse-automation-market
who are the Leading key players and what are their Key Business strategies in the Warehouse Automation market?
What are the key consequences of the five forces analysis of the Warehouse Automation market?
What are different opportunities and threats faced by the dealers in the Warehouse Automation market?
How key vendors are strengthening?
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