Executive Summary
The India Warehouse and Cold Chain Market has experienced significant growth and transformation over the past decade. The implementation of the Goods and Services Tax (GST) has led to the consolidation of warehouses and the development of larger, more centralized facilities. Warehouses in India are diverse and can be classified into various structures, such as traditional warehouses, automated warehouses, and temperature-controlled warehouses.
The warehousing market in India encompasses a range of services, including storage, transportation, inventory management, order fulfillment, and value-added services. Similarly, the cold chain market in India focuses on the storage and transportation of temperature-sensitive goods. Warehouses in India are owned by logistics companies, manufacturers, retailers, or third-party logistics (3PL) providers. They vary in size, with some catering to small-scale storage needs and others serving as large distribution centers designed for massive volumes of goods. The warehousing sector in India serves diverse industries such as e-commerce, retail, pharmaceuticals, food and beverages, automotive, and more.
Major cities and industrial hubs, including Mumbai, Delhi-NCR, Bangalore, Pune, Chennai, and Kolkata, play a pivotal role in the warehousing sector, witnessing higher demand for logistics and distribution services.
The India warehousing sector comprises both public and private warehouses. Public warehouses, operated by government agencies or entities like the Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs), serve distinct purposes and cater to various industries and logistical needs.
India Warehousing and Cold Chain Market Snapshot
Demand and Supply of Warehouses in India
Demand for warehousing space in Asia has been increasing steadily over the past few years due to several factors, such as the e-commerce boom, supply chain diversification, urbanization, and population growth, infrastructure development, and technological advancements. Countries like China, India, Japan, and Southeast Asian nations like Singapore, Vietnam, and Malaysia are witnessing significant growth in warehouse demand due to these factors.
The warehousing, industrial, and logistics (WIL) sectors are anticipated to play a pivotal role in fulfilling India's ambition of achieving a USD 5 trillion economy by FY25.
According to FICCI India, the warehousing market has experienced a considerable investment influx in recent years. India is anticipated to generate enough supply to fulfill the demand for 223 million square feet of Grade-A warehousing space within the upcoming three years. India had financial investments of USD 1,369 million in 2019, with a significant drop in the succeeding year to USD 847 million. Various Western nations started investing in the country with USD 1,293 million, with a significant rise in the subsequent year with investments of USD 1,856 million.
Demand of Grade A and Grade B Warehouses in India
Grade A warehouses command higher rents compared to Grade B and C warehouses, primarily due to their elevated construction costs. However, when considering factors such as rental rates in India (INR per square foot per month), storage capacity, cargo handling capacity, and pallet capacity in relation to volume, Grade A warehouses demonstrate greater cost-efficiency than their counterparts in Grades B and C.
In 2021, the India warehousing market experienced a Y-O-Y surge in the total stock of Grade A and B warehousing space across metropolitan areas, and now the trend is moving to non-metropolitan cities owing to low rental rates.
Hold of Generalized Services
According to Makreo Research, generalized services contribute to controlling share in the market, while specialized services account for the least contributor. However, cold storage has had significant growth and development in past years and is further expected to expand with growing demand and so as investments in retail.
Mergers and Acquisitions (M&A) and Funding Timeline:
In recent years, the industry has witnessed significant M&A activities and funding events. The timeline includes a surge in M&A during 2018–2019, with companies seeking expansion and consolidation. The COVID-19 pandemic in 2020 impacted supply chains, leading to a focus on resilience. 2021–2022 saw continued investments in technology and infrastructure, with strategic acquisitions and partnerships. The projected timeline for (2023–2024) anticipates further growth in funding and potential M&A activities driven by market evolution and expansion plans.
Scope of the Study
The comprehensive scope of work involves analyzing and forecasting the India Warehousing and Cold Chain Market from 2018 to 2030, with a specific focus on the warehouse and cold chain market. The analysis encompasses various dimensions, including market structure (traditional, automated, temperature-controlled), services offered (storage, transportation, inventory management), ownership models (logistics companies, manufacturers, 3PL providers), warehouse size, industry verticals served (e-commerce, retail, pharmaceuticals), geographical presence (major cities and industrial hubs), technology integration (WMS, automation), supply chain efficiency, government initiatives, market trends, and the competitive landscape. This approach provides a detailed understanding of the market's dynamics and future prospects across different facets of the warehousing and cold chain industry in India.
The report presents a comprehensive forecast for the Indian warehousing and cold chain market, extrapolating trends to offer insights into future growth prospects. This forward-looking analysis serves as a valuable resource for investors, policymakers, and industry participants, enabling them to make well-informed decisions. Anticipated growth in the warehousing and cold chain markets is expected to persist throughout the forecast period, propelled by the expansion of e-commerce, advancements in technology, and rising demand for temperature-sensitive storage. The adoption of technologies such as automation and data analytics in warehouse management is poised to enhance efficiency and reduce operational costs. Strategic investments in infrastructure, particularly in the development of modern warehouses, will play a pivotal role in meeting the escalating demand and establishing a resilient supply chain network.
Segmentation by Structure:
Segmentation by Warehousing and Cold Chain Services:
Refrigerated/Cold Storage
Segmentation by Industry
Segmentation by Ownership
Segmentation by Size
Segmentation by Cities
Table of Contents
Report Synopsis
Research Methodology
Objective of the Study
Research Process
Data Collection Methods
Analytical Framework
1. India Country Overview: EPTD Analysis
1.1. India EPTD Analysis
1.2. India Economic Overview
1.3. India Political Overview
1.4. India Technological Overview
1.5. India Demographic Overview
2. Asia Warehousing Market: Key Facts
2.1. Asia-Pacific Warehousing Market: An Overview
2.1.1. Warehousing Sector Potential in ASEAN Region
2.1.2. Asian Countries Occupied Cold Storage Space
2.1.3. Major Warehousing Countries in Asia-Pacific
3. India Warehousing and Cold Chain Market: Past & Present Performance
3.1. India Warehouse & Cold Chain Infrastructure: An Overview
3.1.1. India Warehousing and Cold Chain Market – Past and Present Performance
3.1.2. Government Policies and Programs
3.1.3. India Warehousing Market Transactions
3.1.4. India Warehouse Absorption Rate
3.1.5. India Warehouse Annual Expansion
3.2. India Warehousing Market: Key Developments and Investments
3.3. India Warehouse Completion and Expected Period
3.4. Multi-Modal Logistics Parks in India (MMLPs)
3.5. Top 10 Warehouses and Logistics Operators in India
4. India Warehousing Market Segmentation
4.1. India Warehousing Market: Industry Structure
4.2. India Warehousing Market Segmentation: By Structure (Organized and Unorganized)
4.3. India Warehousing Market: By Services (Generalized, Specialized, Refrigerated / Cold Storage)
4.4. India Warehousing Market Segmentation: By Industries
4.4.1. India Warehouse Transaction Share
4.5. India Warehouse Market Segmentation: By Ownership
4.5.1. India Warehouse Market: by Warehouse Size (Grade A & Grade B)
4.5.2. India Warehouse Market: by Grade A and Grade B Vacancy Rates
4.5.3. India Warehouse Market: by Grade A and Grade B Rental Rates
4.6. India Warehousing Market: By Cities
4.6.1. India Warehouse Rental Rates by Cities
4.6.2. India Warehousing Market: Transactions by Cities
4.6.3. India Warehouse Supply Distribution by Cities
4.6.4. India Warehouse Industry Classification
4.6.5. Key Warehouse Clusters in Major Indian Cities
5. India Cold Chain Market and Segmentation
5.1. India Cold Chain Market Infrastructure
5.2. India Cold Chain Market: An Overview
5.2.1. India Cold Chain Infrastructure Key Facts
5.2.2. India Cold Storage Infrastructure Demand vs. Supply
5.2.3. Cold Storage Total Capacity in India
5.3. India Cold Chain Market Revenue: Past and Present Performance
5.4. India Cold Chain Market Segmentation: By Structure (Organized and Unorganized)
5.5. India Cold Chain Market Segmentation: By Services (Cold Storage & Cold Transport)
5.6. India Cold Transport Market Segmentation: By Vehicle Size
5.7. India Cold Chain Market Segmentation: By Sectors
6. India Warehousing and Cold Chain Market Infrastructure
6.1. India Cold Chain Facilities Deployment and Requirements
6.2. India Cold Storage Market Infrastructure
6.3. India Warehousing and Cold Chain Projects
6.4. India Multi-Storey Warehouse Potential
7. India Warehousing Market: By Ownership
7.1. India Warehouse Market by Ownership: An Overview
7.1.1. India Number of Public Warehouses
7.1.2. India Number of Public Warehouses Capacity
8. India Warehousing and Cold Chain Market: Challenges and Opportunities
8.1. India Warehousing and Cold Chain Market Challenges
8.2. Opportunity in India Warehousing Market
8.3. Opportunity in India Cold Storage Market
9. India Warehousing and Cold Chain Market: Competitive Landscape
9.1. Major Warehouse Occupiers in India
9.2. Leading Logistics and Warehouse Developers in India
10. India Warehousing and Cold Market: Mergers, Acquisitions and Funding
10.1. Mergers and Acquisitions
10.2. Funding Timeline
11. India Warehousing and Cold Market: Company Profiles
11.1. Company Profile: A.P. Moller-Maersk
11.2. Company Profile: FM Logistic India
11.3. Company Profile: SK Logistics
11.4. Company Profile: Warehousing Express Logistics Pvt. Ltd.
11.5. Company Profile: Coldman Logistics Pvt. Ltd.
11.6. Company Profile: Snowman Logistics Ltd.
11.7. Company Profile: Coldrush Logistics Pvt. Ltd.
11.8. Company Profile: Gati Ltd.
11.9. Company Profile: Gubba Green Cold Pvt. Ltd.
11.10. Company Profile: TCI Express Ltd.
11.11. Company Profile: Mahindra Logistics Ltd.
11.12. Company Profile: Central Warehousing Corporation
12. India Warehousing and Cold Chain Market: Future Outlook
12.1. India Warehousing and Cold Chain Market Future Outlook
12.1.1. India Cold Chain Market Future Outlook
12.2. India Cold Chain Market Future Outlook
12.3. India Manufacturing Market Forecast
12.4. Key Drivers for Growth in India Warehousing
12.5. India Agriculture Warehouse Market Forecast
12.6. India E-commerce Market Forecast
12.7. Indian Economy Forecast
Limitations of the Study