Indian Warehouse Market to Reach INR 3,107.5 Billion by 2032, Propelled by the Extensive Utilization of E-commerce Platforms Due to their Rising Adoption

February 24, 2023 | Transportation and Logistics

The latest report by IMARC, titled “Indian Warehouse Market Report by Sector (Industrial Warehouses, Agricultural Warehouses), Ownership (Private Warehouses, Public Warehouses, Bonded Warehouses), Type of Commodities Stored (General Warehouses, Speciality Warehouses, Refrigerated Warehouses) 2024-2032”, finds that the Indian warehouse market size reached INR 1,378.7 Billion in 2023. Warehouse is a commercial building that is used for storing goods to protect their quality and quantity for future use. It plays a vital role in the logistics value chain, which allows for collection, sorting, and dissemination of goods within the supply chain. The growing retail, e-commerce, telecommunications, IT, pharmaceuticals, and textile industries extensively utilize warehouses with value-added services, such as packaging, labeling, reverse logistics, and barcoding. In recent years, warehouses have gained popularity on account of the rising private and foreign investments in infrastructure development, which have turned warehouses into sophisticated stockrooms with real-time, advanced tracking mechanisms and other state-of-the-art facilities.

Indian Warehouse Market Trends:

The primary factors driving the market are the emerging e-commerce industry and rapid urbanization, which have led to the extensive utilization of warehouse space for storing and distributing goods. Additionally, the significant growth in the organized food delivery sector is escalating the demand for cold chain warehousing space. Other than this, the investments made by foreign companies in the real estate sectors has led to an increasing need for the construction of modern, technology-enabled warehouses. Besides this, the Government of India is undertaking several initiatives to improve infrastructure and logistics solutions. For instance, the implementation of industrial corridors and Make in India program have resulted in increased warehouse space and a growing interest in the development of modern warehouse facilities across the country. Furthermore, the rising adoption of automation and data analytics has resulted in the development of smart warehouses, which are equipped with sensors and Internet of Things (IoT) devices to track inventory and equipment in real-time, allowing for more accurate and efficient warehouse operations. Other growth-inducing factors include the exponential growth of various industry verticals such as agriculture, manufacturing, information technology, telecommunications, and healthcare, along with the extensive investments in warehousing made toward free trade warehousing zones (FTWZs) and logistics parks. Looking forward, IMARC Group expects the market value to reach INR 3,107.5 Billion by 2032, expanding at a CAGR of 9.2% during the forecast period (2024-2032).

Market Summary:

  • Based on the sector, the market has been bifurcated into industrial and agricultural warehouses.
  • On the basis of the ownership, the market has been segmented into private, public, and bonded warehouses.
  • Based on the type of commodities stored, the market has been segregated into general, specialty, and refrigerated warehouses.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
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
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Indian Warehouse Market to Reach INR 3,107.5 Billion by 2032, Propelled by the Extensive Utilization of E-commerce Platforms Due to their Rising Adoption
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