The India logistics automation market size is expected to exhibit a growth rate (CAGR) of 14.93% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 14.93% |
Logistics automation refers to an integration of software, machinery, and control systems to improve the overall operational efficiency across warehouses and storage facilities. It works on a predefined pathway for production, packaging, warehousing, material handling, security, etc. Furthermore, an automated logistics system also performs numerous technological functions, including data entry, automatic receipt generation for confirmed goods, automated storage and retrieval systems, transportation management, etc. As a result, it is widely being adopted across diverse industry verticals, including manufacturing, healthcare, oil and gas, chemicals, E-commerce, FMCG, etc.
India Logistics Automation Market Trends:
In India, the increasing number of logistics and warehousing companies is currently driving the demand for automated solutions to improve operational speed and efficiency. Furthermore, the growing consumer awareness towards various benefits associated with logistics automation in reducing overhead costs and time, streamlining the supply chain, minimizing manual errors, etc., is also propelling the market growth. Additionally, the expanding e-commerce sector in the country has led to a significant growth in the adoption of logistics automation across warehouse and storage facilities. In line with this, the introduction of express delivery services by several e-commerce companies is also augmenting the need for automated logistics solutions in the sector. Moreover, the rising integration of automated logistics with numerous advanced technologies, such as artificial intelligence, global positioning systems (GPS), biometrics, real-time tracking, etc., for improved operational efficiency is further catalyzing the market growth. In line with this, the outbreak of the COVID-19 pandemic in India has catalyzed the demand for logistics automation to reduce the disease spread among the workforce and minimize the losses incurred during lockdowns. In the coming years, the emergence of driverless vehicles, robots, drones, etc., for performing various intralogistics processes within the warehouses and storage facilities will continue to drive the market for logistics automation in India.
IMARC Group provides an analysis of the key trends in each sub-segment of the India logistics automation market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on component, function and vertical.
Breakup by Component:
Breakup by Function:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players. The players include 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) and TCI Express Limited.
Report Coverage:
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Component, Function, Vertical, Region |
Region Covered | North India, West and Central India, South India, East India |
Companies Covered | 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) and TCI Express Limited |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India logistics automation market to exhibit a CAGR of 14.93% during 2024-2032.
The rising popularity of logistics automation, as it assists in reducing overhead costs and time, streamlining the supply chain, minimizing manual errors, etc., is primarily driving the India logistics automation market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of logistics automation software to prevent the further transmission of the coronavirus infection among the workforce and minimize the losses incurred, during the stringent lockdown regulations across the nation.
Based on the component, the India logistics automation market can be categorized into software, hardware integrated system, and services. Currently, hardware integrated system account for the majority of the total market share.
Based on the function, the India logistics automation market has been segregated into warehouse and storage management and transportation management, where transportation management currently exhibits a clear dominance in the market.
Based on the vertical, the India logistics automation market can be bifurcated into manufacturing, healthcare and pharmaceuticals, fast-moving consumer goods, retail and eCommerce, 3PL, aerospace and defense, oil, gas, and energy, chemicals, and others. Among these, the manufacturing industry holds the largest market share.
On a regional level, the market has been classified into North India, West and Central India, East India, and South India.
Some of the major players in the India logistics automation market include 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), and TCI Express Limited.