According to the latest report by IMARC Group, titled “India Logistics Automation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Logistics automation refers to the integration of software, machinery, and control systems, enhancing the overall operational efficiency across warehouses and storage facilities. This works on a predefined pathway for production, packaging, material handling, warehousing, security, etc., in addition to having numerous technological functions, such as data entry, transportation management, automatic receipt generation, automated storage and retrieval systems, etc. Owing to this, logistics automation is widely adopted across diverse industry verticals, such as manufacturing, e-commerce, healthcare, oil and gas, chemicals, etc.
The rising number of logistics and warehousing companies in India is one of the primary factors driving the market for logistics automation. This is further being facilitated by the increasing consumer awareness towards various benefits of these automated solutions, including overhead cost reduction, time-saving, streamlining of the supply chain, minimized manual errors, etc. Moreover, the expanding e-commerce sector in the country is also escalating the product demand. In line with this, several e-commerce companies are introducing express delivery services, thereby augmenting the need for logistics automation. Furthermore, the growing integration of automated logistics with numerous advanced technologies, such as artificial intelligence, global positioning system (GPS), biometrics, real-time tracking, etc., is anticipated to further catalyze the market growth over the forecasted period.
India Logistics Automation Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the india logistics automation market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ABB India Ltd. (ABB Ltd.)Beumer India Pvt Ltd. (Beumer Group)Daifuku Co. LtdFalcon Autotech Private LimitedFuture Supply Chain Solutions LtdHinditron Group of CompaniesInspirageMahindra Logistics Ltd.Muratec Machinery Ltd.SSI Schaefer AG. (Fritz Schäfer GmbH)TCI Express LimitedKey Market Segmentation:
The report has segmented the india logistics automation market on the basis of component, function, vertical and region.
Breakup by Component:
SoftwareHardware Integrated SystemServicesBreakup by Function:
Warehouse and Storage ManagementTransportation ManagementBreakup by Vertical:
ManufacturingvHealthcare and PharmaceuticalsFast-Moving Consumer GoodsRetail and eCommerce3PLAerospace and DefenseOil, Gas, and EnergyChemicalsOthersBreakup by Region:
North IndiaWest and Central IndiaEast IndiaSouth IndiaExplore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-logistics-automation-market
Key highlights of the report:
Market Performance (2015-2020)Market Outlook (2021-2026)Industry TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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