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Indian warehousing demand set to reach 1.2 billion sq ft by 2027
A notable shift towards high-quality infrastructure is driving the growth, with Grade A warehousing stock expected to increase from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, third-party logistics (3PL), and omni-channel retail are emerging as primary drivers of this surge, especially in Tier I and increasingly in Tier II and III cities.
Warehouse absorption in Tier II and III markets saw a 41% rise from 11.6 million sq ft in 2022 to 16.4 million sq ft in 2023. This shift signals a growing emphasis on expanding logistics infrastructure beyond metro cities to meet rising regional demand...
The rise of automation is another key trend shaping the sector. By 2026, India is expected to become one of the top six users of warehouse automation systems globally, with the market estimated to reach $2 billion annually.
Read more at:
A notable shift towards high-quality infrastructure is driving the growth, with Grade A warehousing stock expected to increase from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, third-party logistics (3PL), and omni-channel retail are emerging as primary drivers of this surge, especially in Tier I and increasingly in Tier II and III cities.
Warehouse absorption in Tier II and III markets saw a 41% rise from 11.6 million sq ft in 2022 to 16.4 million sq ft in 2023. This shift signals a growing emphasis on expanding logistics infrastructure beyond metro cities to meet rising regional demand...
The rise of automation is another key trend shaping the sector. By 2026, India is expected to become one of the top six users of warehouse automation systems globally, with the market estimated to reach $2 billion annually.
Read more at:
Indian warehousing demand set to reach 1.2 billion sq ft by 2027
The rise of automation is another key trend shaping the sector.
www.constructionworld.in