In 2019, the warehouse automation market in India was valued at INR 202 Bn. It is expected that the market will expand at a compound annual growth rate (CAGR) of ~13.38% during the 2020-2024 period, to reach a value of INR 421.50 Bn by 2024.
Warehouse Automation Market This research report provides COVID-19 Outbreak study accumulated to offer Latest insights about acute features of the Warehouse Automation Market. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. Warehouse Automation Market is showing steady growth and CAGR is expected to improve during the forecast period.
Companies covered:
• Addverb Technologies Private Limited
• Armstrong Machine Builders Private Limited
• Falcon Autotech Private Limited
• Godrej Consoveyo Logistics Automation Limited
• Hinditron Services Private Limited
• The Hi-Tech Robotic Systemz Limited
• Vega Conveyors & Automation Private Limited
• Bastian Solutions India Private Limited
• Grey Orange India Private Limited
Over the last few years, India has been witnessing a rapid growth in the adoption of warehouse automation technologies by different sectors and industries including logistics units, manufacturing units, e-commerce sectors, automobile and retail industries.
Market insights:
Growth in e-retail operations and the implementation of the Goods and Services Tax (GST) facilitated the expansion of the warehouse automation market in India. Moreover, the evolution of advanced technological solutions in India like the evolution of artificial intelligence (AI), Industrial Internet of Things (IIoT) and Blockchain, and their application in warehousing, are impelling warehouse and supply-chain operators to adopt automated systems. The implementation of warehouse automation systems benefits supply-chain operators by way of reducing operating costs and labor charges, and allowing inventory transparency. However, with the growing popularity of warehouse automation, corporations are downscaling their workforce on account of replacing laborers with robotics. This is contributing to the escalating unemployment rate in the country. Installation and maintenance costs of automated warehousing systems are quite high, which may stand as an obstacle for the growth of the market.
Insights about competition in the market:
The warehouse automation market is highly fragmented. It is driven by small organizations, new in the market, like Addverb Technologies Private Limited, Falcon Autotech Private Limited and Grey Orange India Private Limited. The players are mostly of identical financial strength, and many of them offer differentiated warehousing solutions. Grey Orange is a leading provider of AGV and AMR solutions in the market, whereas Falcon Autotech and Addverb Technologies provide warehouse management software (WMS) to their clients. These companies offer warehouse automation solutions to major clients like Asian Paints Limited, Flipkart Private Limited, Amazon India Limited, Coca-Cola India Private Limited, and Hindustan Unilever Limited; operating in different sectors in India. With technological innovations and advancements in the market, companies intend to expand their verticals in other warehousing solutions as well. With the extension of their service and solution offerings, players will have better opportunities at netting greater shares in the market. Therefore, within a few years, an intense industrial rivalry may be anticipated among players in the warehouse automation market in India.
Warehouse Automation Market: Regional Analysis Includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Major Points Covered in TOC:
- Overview: Along with a broad overview of the global Warehouse Automation Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
- Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Warehouse Automation Market.
- Study on Key Market Trends: This section of the report offers deeper analysis of latest and future trends of the market.
- Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Warehouse Automation Market.
- Regional Growth Analysis: All major regions and countries have been covered Warehouse Automation Market report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
- Segment Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Warehouse Automation Market. Market participants can use this analysis to make strategic investments in key growth pockets of the Warehouse Automation Market.
Key Questions Answered in the Report Include:
- What will the market size and the growth rate be in 2025?
- What are the key factors driving the global Warehouse Automation Market?
- What are the key market trends impacting the growth of the global Warehouse Automation Market?
- What are the challenges to market growth?
- Who are the key vendors in the global Warehouse Automation Market?
- What are the market opportunities and threats faced by the vendors in the global Warehouse Automation Market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
- What are the key outcomes of the five forces analysis of the global Warehouse Automation Market?
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