India Smart Warehousing Market Size & Outlook, 2023-2030

The smart warehousing market in India is expected to reach a projected revenue of US$ 2,683.3 million by 2030. A compound annual growth rate of 15.8% is expected of India smart warehousing market from 2024 to 2030.
Revenue, 2023 (US$M)
$962.5
Forecast, 2030 (US$M)
$2,683.3
CAGR, 2024 - 2030
15.8%
Report Coverage
India

India smart warehousing market highlights

  • The India smart warehousing market generated a revenue of USD 962.5 million in 2023 and is expected to reach USD 2,683.3 million by 2030.
  • The India market is expected to grow at a CAGR of 15.8% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.


Smart warehousing market data book summary

Market revenue in 2023USD 962.5 million
Market revenue in 2030USD 2,683.3 million
Growth rate15.8% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideHoneywell International Inc, Siemens AG, Zebra Technologies Corp Class A, International Business Machines Corp, Oracle Corp, SAP SE, KION GROUP AG, Cognex Corp, ABB Ltd, Tecsys Inc, Manhattan Associates Inc, Reply SpA, PSI Logistics


Other key industry trends

  • In terms of revenue, India accounted for 4.2% of the global smart warehousing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China smart warehousing market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,414.3 million by 2030.

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Smart Warehousing Market Companies

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India smart warehousing 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 smart warehousing market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 49.76% in 2023. Horizon Databook has segmented the India smart warehousing market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India smart warehousing market , including forecasts for subscribers. This country databook contains high-level insights into India smart warehousing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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India smart warehousing market size, by component, 2017-2030 (US$M)

India Smart Warehousing Market Outlook Share, 2023 & 2030 (US$M)

India smart warehousing market size, by component, 2017-2030 (US$M)

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