India Warehouse Market Overview 2023-2028, Industry Demand By Sector (Industrial, Agricultural), Key Players and Forecast

PRESS RELEASE
Published April 25, 2023

IMARC Group’s latest research report, titled India Warehouse Market Report: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” 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.

Indian Warehouse Market Overview:

A warehouse refers to a large commercial building widely utilized for storing and distributing goods and products. It is a partially heated facility that is stocked with racks, shelves, or pallets for storing items. Manufacturers, distributors, wholesalers, importers, and retailers all utilize it since it is specifically created to store massive amounts of goods. Additionally, it functions as a hub for the circulation of goods between manufacturing, distribution, and retail. It is frequently utilized to keep commodities that are prepared for sale, or that must be moved to another place for additional processing or distribution. Moreover, it is frequently utilized to store finished goods, raw materials, or parts required for manufacturing. The company frequently offers value-added services, including product assembly, packing, and shipping in addition to storage and distribution. It could also consist of offices, conference rooms, and other services.

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Indian Warehouse Market Demand:

The escalating demand for warehouses in logistics operations majorly drives the market in India. This can be supported by the growing need to uplift the value of goods by keeping them fresh and available at the right time across the country. In addition, the widespread adoption of warehouses in various sectors, such as construction, manufacturing, automotive, retail, technology, and healthcare, and the expansion of the e-commerce sector, is significantly supporting the market. Along with this, the increasing usage of warehouses to make products accessible to consumers when needed and guarantee that the production process continues is positively influencing the market. In addition, the rising adoption of warehouses for spontaneous packaging, docking, and drawing out products to reduce delivery time is impacting the market favorably. Apart from this, the expanding demand for warehouses in the automotive sector due to the rising sales of personal cars and electric vehicles (EVs) is contributing to the demand. Furthermore, the implementation of automation and robotics, and value-added services is creating a positive market outlook.

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Key Market Segmentation:

Breakup by Sector:

  • Industrial Warehouses
  • Agricultural Warehouses

Breakup by Ownership:

  • Private Warehouses
  • Public Warehouses
  • Bonded Warehouses

Breakup by Type of Commodities Stored:

  • General Warehouses
  • Speciality Warehouses
  • Refrigerated Warehouses

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Indian warehouse market.

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