Dublin, April 27, 2022 (GLOBE NEWSWIRE) -- The "Logistic Automation Market in India 2022" report has been added to ResearchAndMarkets.com's offering.
The India logistics automation market was valued at INR 67.33 Bn in 2021. It is expected to reach INR 145.10 Bn by the end of 2027, expanding at a CAGR of 13.28% during the 2022 - 2026 period.
Manufacturers are keen on implementing logistics automation in their systems to be able to keep up with technological advancements and innovations. It is being adopted across industries, including manufacturing, healthcare, oil and gas, chemicals, e-commerce, and fast-moving consumer goods.
Market insights:
With significant investments in technology adoption, India's logistics sector is expected to improve operational efficiencies. The use of the Internet of Things (IoT), data analysis, and automation can help businesses move and track cargo efficiently, as well as run their distribution networks smoothly.
Impact of COVID-19:
The COVID-19 pandemic resulted in a lot of pressure on warehouses and the e-commerce market. Their business operations faced major challenges because of disruptions in supply chain management and the unavailability of workers. Companies have started using artificial intelligence and have enabled digital payments as a solution to deal with circumstances such as those similar to the pandemic.
Market influencers:
Organizations are adopting robotic technologies to automate logistic processes, which implies the reduced need for manual labor, resulting in lower operational costs. In India, the growth of e-commerce has benefited several enterprises, especially those in the supply and logistics sector, where data science is used extensively to track shipments.
Key deterrents to the growth of the market:
Logistics automation technologies are advanced and rely on the expertise of trained professionals to be operated. The automation of logistics operations needs major capital investment. For example, establishing a large-scale automated warehouse requires the installation of automation equipment, software, and solutions, all of which entail significant costs.
Key Topics Covered:
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: India Logistics Automation Market - An Overview
4.1. Market size and growth forecast based on value (2020-2026e)
Chapter 5: Impact of COVID-19
5.1. Impact of COVID-19
Chapter 6: Market influencers
6.1. Market drivers
6.2. Market challenges
Chapter 7: Government initiatives
7.1. Government initiatives
Chapter 8: Competitive landscape
8.1. ABB India Limited
- Company information
- Business description
- Products/services
- Key people
- Financial snapshot
- Key business segments
- Key geographic segments
- Note: Financial data and segment-wise data are only available for public companies only
8.2. Future Supply Chain Solutions Limited
8.3. Mahindra Logistics Limited
8.4. TCI Express Limited
8.5. Beumer India Private Limited
8.6. Daifuku India Private Limited
8.7. Falcon Autotech Private Limited
8.8. Grey Orange India Private Limited
8.9. Godrej Koerber Limited
8.10. Murata Machinery India Private Limited
Chapter 9: Recent developments
Chapter 10: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/m875q5
