Press release
India Warehouse Automation Market 2023 Set to Achieve Phenomenal Revenue Growth in the Near Future
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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.
Over the last few years, India has been witnessing a rapid growth in the adoption of warehouse automation technologies by different sectors and industries including logistics units, manufacturing units, e-commerce sectors, automobile and retail industries.
Market insights:
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.
Companies covered:
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
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of India Warehouse Automation manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of India Warehouse Automation by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of India Warehouse Automation in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
Our most recent research report showcases the thriving expansion of the India Warehouse Automation Market and offers in-depth insights into the projected market size, share, and revenue until 2032.
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