Warehouse Automation Market in India 2020

     

 This research report presents a comprehensive overview on the India Warehouse Automation market, further presents an analysis on its products and services in the market and the leading companies operating in the Warehouse Automation industry. You will also find many facts & figures and statistics related to the India Warehouse Automation market.

Along with a detailed overview, this report also has SWOT analysis and PEST analysis which provide a deeper insightful look into the Indian Warehouse Automation market. There’s also regional analysis which furthermore increases the credibility of the data provided in this report. The data has been presented in such a way that is easy to understand. You will find pie charts, graphs, and other visual representations that will provide better sense of the information.

The research report widely covers the business profiles of all the key players that operate in the India Warehouse Automation market. These companies have been thoroughly profiled and the report contains information on their growth projections, development prospects, their business strategies, sales data, and their current business revenue, to the expected revenue. Based on the report, you can understand what the leading players are planning to do in the next 5 years, and this data will help you to make important business decisions. Addverb Technologies, Armstrong Machine Builders, Falcon Autotech, Godrej Consoveyo Logistics Automation, Hinditron Services and more - all the top companies operating in the India Warehouse Automation market and their business strategies have been profiled in this research report.

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:
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. 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.

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

With this research report, you can get an insightful view of the India Warehouse Automation market. So, if you are looking to make smart investments, you will be at an advantage with all the relevant data at your fingertips. This report also contains market analysis, growth analysis, and competitive landscape report, so if you are looking to start your own business in the India Warehouse Automation market, you can use this report to assess business opportunities and make business strategies. 

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