Indian Warehouse Market Trends, Share, Size, Growth and Forecast 2023-2028

The latest report by IMARC, titled "Indian Warehouse Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", finds that The Indian warehouse market size reached INR 1,248 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 2,271 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.

Warehouse refers to facilities used for storing goods and merchandise, often used by manufacturers, importers, exporters, wholesalers, and retailers. These warehouses are characterized by their expansive infrastructure, fortified security measures, and climate-controlled environments, in addition to advanced management systems that track inventory levels, orders, and stock locations. Constructed from materials designed to withstand environmental challenges, they are also equipped with loading docks to facilitate transportation. The warehouses usually employ technologies such as RFID tags and barcodes for tracking items, and often feature advanced safety measures to protect stored goods.

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Indian Warehouse Market Trends:

The Indian market is primarily driven by the escalating growth in e-commerce, necessitating robust logistics and storage solutions. In line with this, the implementation of the Goods and Services Tax (GST) has streamlined taxation and logistics, providing an impetus to the market. Moreover, the modernization of manufacturing sectors is acting as a significant growth-inducing factor. In addition to this, the rise in agricultural output, requiring efficient storage solutions, is further elevating the need for advanced warehousing. Besides this, the advent of smart warehousing technologies such as automated sorting systems and drones is creating lucrative opportunities in the market. Also, increasing foreign direct investment (FDI) in infrastructure development is positively impacting the market. The market is further propelled by government initiatives aimed at boosting manufacturing and infrastructure.

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Key Market Segmentation:

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

Breakup by Region:

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

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