The Indian warehouse market size reached INR 1,378.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 3,107.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.2% during 2024-2032. The rising number of government initiatives to expand the contribution of India in global trade, rapid expansion of the e-commerce industry, and the growing demand in the automotive industry due to the increasing purchase of personal cars and electronic vehicles (EVs) represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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Base Year
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2023
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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 Size in 2023
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INR 1,378.7 Billion |
Market Forecast in 2032
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INR 3,107.5 Billion |
Market Growth Rate (2024-2032) | 9.2% |
A warehouse refers to a commercial space or building wherein raw materials or manufactured products are stored until they are distributed to shops for selling or exporting to other countries. It comprises security guards and managers to protect the goods from loss, theft, and damage caused due to unfavorable weather conditions, dust, dirt, and moisture. It also consists of a wide variety of equipment, such as forklifts, conveyors, overhead chain conveyors, pallet lifts, bridge cranes, dock bumpers, yard ramps, and automated guided vehicles (AGVs), to carry goods from one place to another seamlessly. A warehouse can make specific arrangements for various types of commodities or items catering to their nature. It is majorly located in industrial areas, outskirts of cities or secluded rural areas. It stores goods required for seasonal demands, promotional campaigns, and speculative purchases. Apart from this, as a warehouse helps in minimizing losses significantly that are caused by spoilage or wastage, it is extensively used by manufacturers, importers, exporters, and wholesalers across India.
At present, the increasing demand for warehouses in logistics to uplift the value of goods by keeping them fresh and available at the right time represents one of the primary factors influencing the market positively in India. Besides this, the Government of India is undertaking initiatives to expand the contribution of India in global trade and launching the Export-oriented Units (EOU) scheme to boost exporting activities and reduce the trade deficit. In addition, the rapid expansion of the e-commerce industry due to the increasing online shopping activities of individuals is propelling the growth of the market in India. Apart from this, the growing utilization of warehouses for spontaneously packaging, docking, and drawing out products to reduce delivery time is offering a favorable market outlook. Additionally, the rising demand for warehouses in the automotive industry due to the increasing purchase of personal cars and electronic vehicles (EVs) is supporting the market growth in the country. Moreover, key market players are incorporating various value-added services, along with conventional warehousing to optimize supply chain management, generate higher value, and deliver goods efficiently to customers.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian warehouse market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on sector, ownership, and type of commodities stored.
Sector Insights:
The report has provided a detailed breakup and analysis of the warehouse market based on the sector. This includes industrial warehouses and agricultural warehouses. According to the report, industrial warehouses represented the largest segment.
Ownership Insights:
A detailed breakup and analysis of the warehouse market based on the ownership has also been provided in the report. This includes private warehouses, public warehouses, and bonded warehouses. According to the report, private warehouses accounted for the largest market share.
Type of Commodities Stored Insights:
A detailed breakup and analysis of the warehouse market based on the type of commodities stored has also been provided in the report. This includes general warehouses, speciality warehouses, and refrigerated warehouses. According to the report, general warehouses accounted for the largest market share.
The report has also provided a comprehensive analysis of the competitive landscape in the Indian warehouse market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | INR Billion |
Segment Coverage | Sector, Ownership, Type of Commodities Stored |
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) |
The Indian warehouse market was valued at INR 1,378.7 Billion in 2023.
We expect the Indian warehouse market to exhibit a CAGR of 9.2% during 2024-2032.
The expanding e-commerce industry, along with the growing utilization of warehouses for packaging, docking, and drawing out products spontaneously to reduce delivery time, is primarily driving the Indian warehouse market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of warehouses across the nation to optimize supply chain management, generate higher value, and deliver essential goods efficiently to customers, during the lockdown scenario.
Based on the sector, the Indian warehouse market can be categorized into industrial warehouses and agricultural warehouses. Currently, industrial warehouses account for the majority of the total market share.
Based on the ownership, the Indian warehouse market has been segregated into private warehouses, public warehouses, and bonded warehouses. Among these, private warehouses currently exhibit a clear dominance in the market.
Based on the type of commodities stored, the Indian warehouse market can be bifurcated into general warehouses, speciality warehouses, and refrigerated warehouses. Currently, general warehouses hold the largest market share.