Industries

India Warehousing Sector Outlook – Developing Logistic Sector to Trigger Growth of the Industry

Netscribes, Inc. launches a report on the Warehousing Market in India 2017 covering a market with strong growth potential. It is a part of Netscribes’ Automotive, Transport & Logistics Industry Series.
( PR4US.com | Press Release | 2017-10-25 23:20:29 )
Mumbai, India – October 25, 2017 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Warehousing Sector in India 2017’ https://www.researchonindia.com/warehousing-market-in-india-2047.html. Warehouse forms a crucial link in the overall logistics value chain. The development of organized retail in India, rapid boom in the ecommerce market, rising fortunes of the manufacturing sector and increased export-import following India’s emergence as a low-cost outsourcing hub are the key factors driving growth in the Indian warehousing market.

Netscribes’ latest market research report titled Warehousing Market in India 2017 states that the demand for good quality state-of-the-art warehouses will be a major requirement in the country given the rapid growth in the logistic industry. The evolution from storage go-downs to multipurpose logistic centers is highly desired as warehouses form a crucial supply chain element holding the key to both customer satisfaction and cost reduction. Warehouses today serve not only as a stocking point, their utility portfolio has diversified to being consolidation centers for multiple sourcing locations, providing cross docking facilities to retail distributors, a sorting center for customer deliveries, and an assembly facility for final packaging and bundling. The warehouse market is subjected to stringent regulations and policies regarding licensing, performance, and accountability. The warehousing market is segregated into four parts, Industrial / Retail warehousing, Container Freight Station/ Inland Container Depot, Agri warehousing and Cold Stores. Majority of the market is occupied by the Industrial/ Retail warehouses. Majority (48%) of the warehouses in India are located in North East region. Indian agri warehouses stores rice, sugar, cotton, maize, pulses, oil seeds, wheat and other crop. GST and Make in India initiative will lead to warehousing space demand in the country.

There is an intense level of competition in the warehousing industry in India. Factors which are adversely affecting the market are improper logistic management, lack of standardization across sectors and shortage of land in the country. The warehousing industry in India is growing at a positive rate and India has a huge opportunity for both logistics and warehousing market to grow simultaneously. Not only this industry is into loading, storing and unloading of goods but now companies are even launching mobile apps to track shipment, calculate shipment time and the rate to a desired destination. IT-driven solutions are becoming effective in increasing the competitiveness of the warehousing industry. With better infrastructure through efficient use of technology and manpower and initiatives like “Make in India”, the warehousing industry is bound to play a larger role in the growth of the Indian economy.

Customizations Available
With the given market data, Research on India offers customizations according to specific needs. Write to us at support@researchonindia.com

For more details on the content of each report and ordering information please contact:

Phone: +91 33 4027 6243/6222; +91 33 4027 6200/6207; +91 22 4098 7600
E-Mail: support@researchonindia.com ; info@netscribes.com

About Netscribes

Netscribes (www.netscribes.com) is a global market intelligence and content management firm with services across the research and information value chain. Venture-funded by US and Singapore private equity firms, the company provides tactical and actionable insights to its clients and enables effective decision-making and strategic implementation.

For more information please write to info@netscribes.com


Press Information


Published by

Ankita Basu

+91 33 4027 6243
Office No. 504, 5th Floor, Lodha Supremus, Lower Parel
400012 Mumbai - India
https://www.netscribes.com/

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