The India logistics automation market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 16% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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 for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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.
|Base Year of the Analysis||2020|
|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.|
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