India Logistics Automation Market Expanding at a CAGR of 16.2% during 2023-2028 | Transportation and Logistics Industry
IMARC Group, a leading market research company, has recently releases report titled “India Logistics Automation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the India logistics automation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is the CAGR for India logistics automation market?
The India logistics automation market is expected to exhibit a growth rate (CAGR) of 16.2% during 2023-2028.
What is logistics automation?
Logistics automation involves the integration of software, machinery, and control systems to enhance operational efficiency in warehouses and storage facilities. It operates on predefined pathways for various tasks such as production, packaging, warehousing, material handling, and security. Logistics automation helps to perform diverse technological functions, which include data entry, automatic generation of receipts for confirmed goods, automated storage and retrieval systems, and transportation management. Consequently, this technology finds widespread adoption across several sectors in India, including manufacturing, healthcare, oil and gas, chemicals, E-commerce, fast-moving consumer goods (FMCG), etc.
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What are the emerging trends in the India logistics automation market?
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| India Logistics Automation Market Report |
The rising number of logistics and warehousing companies that focus on automated solutions to enhance operational speed and efficiency is primarily driving the India logistics automation market. Additionally, the increasing consumer awareness regarding the benefits of logistics automation, such as reducing overhead costs, streamlining the supply chain, and minimizing manual errors, is also positively influencing the market growth.
Apart from this, the expanding e-commerce industry and the introduction of express delivery services are acting as significant growth-inducing factors. Moreover, the emerging trend of integrating artificial intelligence, global positioning systems (GPS), biometrics, and real-time tracking with automated logistics is further catalyzing the Indian market.
Besides this, the sudden outbreak of the COVID-19 pandemic that has accelerated the need for logistics automation to prevent the spread of the disease among the workforce and reduce losses during lockdowns and the launch of driverless vehicles, robots, drones, and other technologies for numerous intralogistics processes within warehouses and storage facilities are expected to stimulate the India logistics automation market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
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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.
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