India Logistics Automation Market

Market Overview:

The India logistics automation market is expected to exhibit a growth rate (CAGR) of 16.2% during 2023-2028.

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.

Key Market Segmentation:

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 2023-2028. Our report has categorized the market based on component, function and vertical.

Breakup by Component:

• Software
• Hardware Integrated Systems
• 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
   

Competitive Landscape:

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: