According to the latest report by IMARC Group, titled “India Logistics Automation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the India logistics automation market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The India logistics automation market to grow at a CAGR of 16% during 2021-2026.
Note: 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 is an integration of automated machinery, computer software, and control systems to improve the efficiency of logistics operations. It is applied throughout the logistics lifecycle, including procurement, production, inventory management, distribution, customer service, and recovery.
Logistics automation works on a predefined pathway for packaging, production, warehousing, security, and material handling. It helps minimize manual data entry errors, improve customer service, and reduce the workforce required for processing tasks like weighting, sorting, barcoding, picking, counting, and packing. Consequently, logistics automation is widely used across various industrial verticals, such as healthcare, manufacturing, oil and gas, E-commerce, and chemicals.
The expanding e-commerce sector in India has surged the adoption of logistics automation across warehouse and storage facilities to improve operational speed and efficiency, which is one of the prime factors driving the market growth. Additionally, the rising consumer awareness regarding the benefits of logistics automation in streamlining the supply chain, reducing overhead costs and time, and minimizing manual errors is accelerating market growth.
Apart from this, the integration of automated logistics with artificial intelligence (AI), biometrics, robotics, global positioning systems (GPS), and real-time tracking to eliminate the need for manual labor and ensure workforce safety is boosting the market growth. Other factors, including the proliferation of smartphones, rising penetration of high-speed internet connectivity, and growing investments by the Government of India (GoI) for warehouse automation, especially during COVID-19, to contain infection spread, are creating a positive outlook for the market.
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. Ltd
- Falcon Autotech Private Limited
- Future Supply Chain Solutions Ltd
- Hinditron Group of Companies
- Mahindra Logistics Ltd.
- Muratec Machinery Ltd.
- SSI Schaefer AG. (Fritz Schäfer GmbH)
- TCI Express Limited
Key Market Segmentation:
The report has segmented the India logistics automation market on the basis of component, function, vertical and region.
Breakup by Component:
- Hardware Integrated System
Breakup by Function:
- Warehouse and Storage Management
- Transportation Management
Breakup by Vertical:
- Healthcare and Pharmaceuticals
- Fast-Moving Consumer Goods
- Retail and eCommerce
- Aerospace and Defense
- Oil, Gas, and Energy
Breakup by Region:
- North India
- West and Central India
- East India
- South India
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List of Tables
Table 1: India: Logistics Automation Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Logistics Automation Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: India: Logistics Automation Market Forecast: Breakup by Function (in Million US$), 2021-2026
Table 4: India: Logistics Automation Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 5: India: Logistics Automation Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: India: Logistics Automation Market: Competitive Structure
Table 7: India: Logistics Automation Market: Key Players
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If 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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