India Logistics Automation Market Size & Outlook
India logistics automation market, 2018-2030 (US$M)
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India logistics automation market highlights
- The India logistics automation market generated a revenue of USD 1,590.7 million in 2023 and is expected to reach USD 5,080.5 million by 2030.
- The India market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Logistics automation market data book summary
| Market revenue in 2023 | USD 1,590.7 million |
| Market revenue in 2030 | USD 5,080.5 million |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | KION GROUP AG, Daifuku Co Ltd, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Manufacturing Co Ltd, Kardex Holding AG Registered Shares, Toyota Industries Corp, Oracle Corp, SAP SE, Kuka Automatisering Robots, KNAPP AG, TGW Logistics Group, Mecalux Espana, BEUMER Group, SSI SCHAEFER, Witron, One Network Enterprises |
Other key industry trends
- In terms of revenue, India accounted for 4.6% of the global logistics automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China logistics automation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,080.5 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
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India logistics automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to logistics automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.78% in 2023. Horizon Databook has segmented the India logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing adoption of the internet and smartphone in India is driving the growth of the e-commerce sector. Moreover, the Indian government is taking initiatives to expand the country's manufacturing sector.
Moreover, U.S.-based companies such as Amazon Web Services, Inc. and Apple Inc. are investing in India. According to a 2023 survey by Rockwell Automation, a U.S.-based industrial automation system provider, manufacturers in India are investing nearly 25% of their operating budgets in enhancing their technologies.
Blue Star Limited, an India-based engineering company, provides warehouse automation systems. The company's warehouse automation solutions include material movement solutions such as conveyors, AGVs, and AMRs.
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Our clientele includes a mix of logistics automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India logistics automation market , including forecasts for subscribers. This country databook contains high-level insights into India logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India logistics automation market size, by component, 2018-2030 (US$M)
India Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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