India Logistics Automation Market Size, Segmentation (Component, Function, Vertical), Top Comapanies, Trends and Forecast 2023-2028

IMARC Group has recently released a new research study titled "India Logistics Automation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Industry Overview: 

The India logistics automation market is expected to exhibit a growth rate (CAGR) of 16.2% during 2023-2028.

Logistics Automation: Characteristics & Application:

Logistics Automation refers to the use of advanced technology and automated systems to streamline and optimize the movement of goods and materials within the logistics and supply chain industry. It involves the integration of software, robotics, artificial intelligence (AI), and other technologies to improve efficiency, accuracy, and speed in logistics operations.

Characteristics of logistics automation include increased productivity, reduced manual labour, improved inventory management, enhanced order accuracy, and faster order processing. It enables real-time tracking and monitoring of shipments, reduces errors in data entry and documentation, and provides better visibility and transparency across the supply chain.

Some key features of logistics automation include warehouse management systems, automated material handling equipment, transportation management systems, inventory management software, and predictive analytics. These technologies enable tasks such as inventory tracking, order fulfilment, packaging, sorting, and transportation to be automated, leading to cost savings and improved customer satisfaction. Logistics automation finds its application in various industries such as e-commerce, retail, manufacturing, pharmaceuticals, automotive, and FMCG.

Request to Get the Sample Report: https://www.imarcgroup.com/india-logistics-automation-market/requestsample

India Logistics Automation Market Trends and Growth Drivers: 

The rise in consumer expectations is pushing logistics companies to adopt automation to provide fast and accurate deliveries which is influencing the market growth. Moreover, cost savings are being realized through automation, as it reduces labour costs, minimizes errors, optimizes inventory management, and improves overall operational efficiency. Productivity is being enhanced as automation enables faster and more streamlined processes, allowing logistics companies to handle a higher volume of orders with the same resources, thereby propelling the market growth.

Order accuracy is being improved through automation, reducing the risk of human errors in order processing and ensuring greater customer satisfaction, thus fostering the market growth. Real-time tracking and visibility are being provided by automation technologies, offering better control and visibility over the supply chain for logistics companies and customers. Warehouse management is becoming more efficient with automated systems that optimize storage, picking, and packing processes, reducing operational delays and improving inventory management.

IoT and AI integration are driving automation by enabling predictive analytics, intelligent routing, and proactive decision-making, enhancing the efficiency of logistics operations and market growth. Faster order fulfilment is being achieved through automation, meeting the growing demand for quick processing and dispatch of orders. Infrastructure development, including the expansion of road networks, construction of logistics parks, and implementation of dedicated freight corridors, is supporting the growth of logistics automation.

The rising labour costs are driving the adoption of automation in logistics, allowing companies to improve operational efficiency and reduce dependence on manual labour. The increasing competition is pushing logistics companies to adopt automation to deliver faster, more accurate, and cost-effective services to remain competitive in the market. Better customer experience is being achieved through logistics automation, with on-time deliveries, accurate order tracking, and personalized services, are creating a positive market outlook.  

Other factors such as regulatory compliance, changing consumer behaviour and integration with digital platforms are further bolstering the market growth across India.

Who are the key players operating in the industry?

The report covers the major market players including: 

Logistics Automation Companies in India: 

• ABB India Ltd. (ABB Ltd.)
• Beumer India Pvt Ltd. (Beumer Group)
• Daifuku Co. Ltd
• Falcon Autotech Private Limited
• Future Supply Chain Solutions Ltd
• Hinditron Group of Companies
• Inspirage, Mahindra Logistics Ltd.
• Muratec Machinery Ltd.
• SSI Schaefer AG. (Fritz Schäfer GmbH)
• TCI Express Limited.

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

• Software
• Hardware Integrated System
• Services

Breakup by Function:

• Warehouse and Storage Management
• Transportation Management

Breakup by Vertical:

• Manufacturing
• Healthcare and Pharmaceuticals
• Fast-Moving Consumer Goods
• Retail and eCommerce
• 3PL
• Aerospace and Defense
• Oil, Gas, and Energy
• Chemicals
• Others

Breakup by Region:

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

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4030&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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

Browse More Related Reports:

Warehousing and Storage Market Report: https://www.imarcgroup.com/warehousing-and-storage-market

Drone Logistics and Transportation Market Report: https://www.imarcgroup.com/drone-logistics-transportation-market

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.