Report Overview

India Warehousing and Storage Market – Industry Trends & Forecast Report, 2030

The India Warehousing and Storage Market size was estimated at USD 36.98 billion in 2023. During the forecast period between 2024 and 2030, the India Warehousing and Storage Market size is projected to grow at a CAGR of 16.22% reaching a value of USD 44.19 billion by 2030. A prominent driver of the market is the increasing growth in key application sectors such as manufacturing, retail, healthcare, construction, automotive, and technology. Also, the rising demand from the booming e-commerce sector is fueling the need for warehousing space. The growing popularity of frozen foods is driving the demand for refrigerated warehousing, as these products are convenient, healthy, and readily available. Technological advancements in IT and transportation, including wearables, sensors, and RFID tags, are also enhancing the efficiency of storage and transportation operations, positively impacting the market.

Warehousing and Storage – Overview

The Warehousing and Storage Market encompasses facilities used for the storage and accumulation of various goods, including finished products, raw materials, semi-finished goods, and items for import or export. This market ensures goods are available to end users as needed and maintains their condition, which is crucial for successful marketing. Warehousing supports continuous production by enabling businesses to store goods in anticipation of future demand, allowing for year-round production and sales aligned with market needs. The market is divided into three main categories: general warehousing and storage, farm product warehousing and storage, and refrigerated warehousing and storage. Effective warehousing is essential for smooth business operations and efficient inventory management.

India Warehousing and Storage Market

Growth Drivers

Rising Urbanization and Changing Consumer Demands

Rising urbanization and changing consumer demands have significantly impacted the India warehousing sector. The primary use of warehouses in agriculture, along with storage for pharmaceuticals, FMCG products, and white goods, has driven demand. The record food grain production in recent years has also contributed to this growth. The shift from unorganized to organized warehousing and increased participation of international players have further formalized the sector, although India still lags behind major economies in per capita warehousing space.

Challenges

Labor Shortages

Labor shortages are constraining the growth of the India Warehousing and Storage Market. Despite the sector's rapid expansion, the lack of skilled labor hampers operational efficiency and productivity. This challenge is exacerbated by rising demand from e-commerce and industrial sectors, leading to increased reliance on automation to mitigate labor deficits. Addressing these shortages is crucial for sustaining growth in this burgeoning market.

Impact of Escalating Geopolitical Tensions on India Warehousing and Storage Market

Geopolitical tensions can have a multifaceted impact on the India Warehousing and Storage Market. Uncertainty and instability resulting from geopolitical conflicts can disrupt supply chains, leading to delays in transportation and increased costs for warehousing operations. Furthermore, heightened tensions may deter foreign investment in the sector, limiting access to advanced technologies and impeding market growth. Businesses may adopt risk mitigation strategies, such as diversifying suppliers and increasing inventory levels, to navigate geopolitical uncertainties. Overall, maintaining stability and fostering diplomatic relations are essential for sustaining growth and resilience in the India Warehousing and Storage Market.

India Warehousing and Storage Market

Segmental Coverage

India Warehousing and Storage Market – By Type

By type, the India Warehousing and Storage Market is divided into General Warehousing & Storage, Refrigerated Warehousing & Storage, and Farm Product Warehousing & Storage segments. The general warehousing & storage segment holds the highest share in the India Warehousing and Storage Market by type. It encompasses a wide range of goods, including finished products, raw materials, and semi-finished goods, catering to diverse industries such as manufacturing, retail, and agriculture. Its popularity stems from its versatility and ability to accommodate various types of goods, making it indispensable in the supply chain. Additionally, the surge in e-commerce and consumer demand further drives the need for flexible storage solutions, consolidating the position of general warehousing as a cornerstone of the Indian logistics landscape.

India Warehousing and Storage Market – By Ownership

Based on ownership, the India Warehousing and Storage Market is Private Warehouses, Public Warehouses, and Bonded Warehouses segments. The private warehouses segment holds the highest share in the India Warehousing and Storage Market by ownership. Private businesses often establish private warehouses for their specific needs, strategically located to serve industrial and commercial purposes. These warehouses are highly adaptable, configured for product placement and storage based on the type of goods, and typically occupied by single, large businesses with significant warehousing requirements. Meanwhile, the public warehouses segment is expected to witness the fastest growth rate during the forecast period. Public warehouses, created by governments and available for private use, can be rented for professional or personal purposes. Utilized by manufacturers, wholesalers, exporters, importers, and government organizations, they are usually located near transportation lines. Public warehouses offer both short and long-term storage options, with costs determined by the pallets stored and square footage used.

India Warehousing and Storage Market – By End User Industry

Based on end-user industry, the India Warehousing and Storage Market is divided into Manufacturing, Consumer Goods, Food & Beverages, Retail, and Healthcare segments. The manufacturing segment holds the highest share in the India Warehousing and Storage Market by end user industry. Manufacturing organizations are increasing demand for outsourced warehousing services due to their operational and product development needs. This has led to greater logistical requirements for merchants and distributors to store raw materials and finished goods. Automotive logistics are also expanding, driven by rising car registrations and the need for organized shipping and storage of automotive parts. The shift in consumer purchasing behavior across various touchpoints, such as online and in-store, has created a demand for smarter warehouses. Retailers are integrating offline and online operations to reduce costs and boost productivity. Next-generation, technology-enhanced warehouses provide real-time visibility into assets, personnel, and transactions, benefiting various industries, particularly consumer goods manufacturers.

India Warehousing and Storage Market – By Region

Geographically, the India Warehousing and Storage Market is divided into North India, South India, East India, and West India regions. Presently, nearly 60% of India's modern warehousing capacity is concentrated in six major cities: Ahmedabad, Bangalore, Chennai, Mumbai, NCR, and Pune, with Hyderabad and Kolkata also being key markets. This concentration is due to industrial activity and large urban populations in these areas. Factors such as quality infrastructure and available labor will likely sustain these advantages.

Competitive Landscape

Major players operating in India Warehousing and Storage Market include Welspun Logistics Park, Adani Logistics Limited, SKYLOGISTICS, Vaughan Industries Limited, Varuna Group, ACR Logistics Limited, Everest Industrial Warehousing, Logwin India Pvt Ltd, and FedEx Supply Chain Solutions India. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In March 2024 - Container Corporation of India (CONCOR) signed a Memorandum of Understanding (MoU) with Central Warehousing Corporation (CWC) to enhance logistics and warehousing in India. This strategic partnership aims to optimize supply chain management, improve customer service, and foster industry growth. By sharing infrastructure, technology, expertise, and resources, CONCOR and CWC will provide seamless, cost-effective logistics solutions, including First Mile Last Mile services. CONCOR operates 59 terminals nationwide and focuses on inland container transportation, cold storage, and warehousing.

• In February 2024 - The government announced its plans to establish storage infrastructure for agricultural commodities at approximately 65,000 primary agricultural credit societies (PACS) to reduce post-harvest losses and support farmers. NABARD is refinancing PACS at highly subsidized rates to facilitate this initiative. The aim is to integrate PACS godowns with the national food grain supply chain, enhancing market linkages and reducing handling and transportation costs. The project will diversify PACS's economic activities and generate additional revenue. Supported by various government schemes, this initiative is part of a broader effort to improve food grain storage and ensure food security across rural India.

Scope of the Report

By Type

• General Warehousing & Storage

• Refrigerated Warehousing & Storage

• Farm Product Warehousing & Storage

By Ownership

• Private Warehouses

• Public Warehouses

• Bonded Warehouses

By End User Industry

• Manufacturing

• Consumer Goods

• Food & Beverages

• Retail

• Healthcare

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Warehousing and Storage Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. E-commerce Boom
         2. Globalization of Trade
         3. Outsourcing of Logistics
         4. Urbanization and Changing Consumer Demands
      2. Restraints
         1. Rising Construction and Operational Costs
         2. Labor Shortages
      3. Opportunities
         1. Focus on Cold Chain and Specialized Storage
         2. Advancement in Technology
      4. Challenges
         1. Limited Availability of Suitable Land
         2. Disruptions in Transportation and Supply Chains
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Warehousing and Storage Market: Marketing Strategies
5. India Warehousing and Storage Market: Pricing Analysis
6. India Warehousing and Storage Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
         1. General Warehousing & Storage
         2. Refrigerated Warehousing & Storage
         3. Farm Product Warehousing & Storage
      2. By Ownership
         1. Private Warehouses
         2. Public Warehouses
         3. Bonded Warehouses
      3. By End User Industry
         1. Manufacturing
         2. Consumer Goods
         3. Food & Beverages
         4. Retail
         5. Healthcare
         6. Others
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Warehousing and Storage Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Ownership
      3. By End User Industry
8. South India Warehousing and Storage Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Ownership
      3. By End User Industry
9. East India Warehousing and Storage Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Ownership
      3. By End User Industry
10. West India Warehousing and Storage Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Type
       2. By Ownership
       3. By End User Industry
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Warehousing and Storage Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Warehousing and Storage Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Welspun Logistics Park
    2. Adani Logistics Limited
    3. SKYLOGISTICS
    4. Vaughan Industries Limited
    5. Varuna Group
    6. ACR Logistics Limited
    7. Everest Industrial Warehousing
    8. Logwin India Pvt Ltd
    9. FedEx Supply Chain Solutions India
    10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Warehousing and Storage Segmentation       

Figure 2       India Warehousing and Storage Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030         

Figure 5       India Warehousing and Storage Market Share, By Type, By Value, 2019–2030         

Figure 6       India Warehousing and Storage Market Share, By Ownership, By Value, 2019–2030 

Figure 7       India Warehousing and Storage Market Share, By End User Industry, By Value, 2019–2030 

Figure 8       North India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030 

Figure 9       North India Warehousing and Storage Market Share, By Type, By Value, 2019–2030 

Figure 10     North India Warehousing and Storage Market Share, By Ownership, By Value, 2019–2030 

Figure 11     North India Warehousing and Storage Market Share, By End User Industry, By Value, 2019–2030

Figure 12     South India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030 

Figure 13     South India Warehousing and Storage Market Share, By Type, By Value, 2019–2030 

Figure 14     South India Warehousing and Storage Market Share, By Ownership, By Value, 2019–2030 

Figure 15     South India Warehousing and Storage Market Share, By End User Industry, By Value, 2019–2030

Figure 16     East India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030 

Figure 17     East India Warehousing and Storage Market Share, By Type, By Value, 2019–2030 

Figure 18     East India Warehousing and Storage Market Share, By Ownership, By Value, 2019–2030 

Figure 19     East India Warehousing and Storage Market Share, By End User Industry, By Value, 2019–2030

Figure 20     West India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030 

Figure 21     West India Warehousing and Storage Market Share, By Type, By Value, 2019–2030 

Figure 22     West India Warehousing and Storage Market Share, By Ownership, By Value, 2019–2030 

Figure 23     West India Warehousing and Storage Market Share, By End User Industry, By Value, 2019–2030

List of Tables

Table 1        India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030

Table 2        India Warehousing and Storage Market Size, By Type, By Value, 2019–2030

Table 3        India Warehousing and Storage Market Size, By Ownership, By Value, 2019–2030

Table 4        India Warehousing and Storage Market Size, By End User Industry, By Value, 2019–2030

Table 5        North India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030

Table 6        North India Warehousing and Storage Market Size, By Type, By Value, 2019–2030

Table 7        North India Warehousing and Storage Market Size, By Ownership, By Value, 2019–2030

Table 8        North India Warehousing and Storage Market Size, By End User Industry, By Value, 2019–2030

Table 9        South India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030

Table 10      South India Warehousing and Storage Market Size, By Type, By Value, 2019–2030

Table 11      South India Warehousing and Storage Market Size, By Ownership, By Value, 2019–2030

Table 12      South India Warehousing and Storage Market Size, By End User Industry, By Value, 2019–2030

Table 13      East India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030

Table 14      East India Warehousing and Storage Market Size, By Type, By Value, 2019–2030

Table 15      East India Warehousing and Storage Market Size, By Ownership, By Value, 2019–2030

Table 16      East India Warehousing and Storage Market Size, By End User Industry, By Value, 2019–2030

Table 17      West India Warehousing and Storage Market Size, By Value (USD Billion), 2019–2030

Table 18      West India Warehousing and Storage Market Size, By Type, By Value, 2019–2030

Table 19      West India Warehousing and Storage Market Size, By Ownership, By Value, 2019–2030

Table 20      West India Warehousing and Storage Market Size, By End User Industry, By Value, 2019–2030

Table 21      Welspun Logistics Park Company Overview

Table 22      Welspun Logistics Park Financial Overview

Table 23      Adani Logistics Limited Company Overview

Table 24      Adani Logistics Limited Financial Overview

Table 25      SKYLOGISTICS Company Overview

Table 26      SKYLOGISTICS Financial Overview

Table 27      Vaughan Industries Limited Company Overview

Table 28      Vaughan Industries Limited Financial Overview

Table 29      Varuna Group Company Overview

Table 30      Varuna Group Financial Overview

Table 31      ACR Logistics Limited Company Overview

Table 32      ACR Logistics Limited Financial Overview

Table 33      Everest Industrial Warehousing Company Overview

Table 34      Everest Industrial Warehousing Financial Overview

Table 35      Logwin India Pvt Ltd Company Overview

Table 36      Logwin India Pvt Ltd Financial Overview

Table 37      FedEx Supply Chain Solutions India Company Overview

Table 38      FedEx Supply Chain Solutions India Financial Overview