Market Forecast By Applications (Indoor Lighting And Outdoor Lighting), By Light Source (LED, High-Intensity Discharge And Fluorescent Lighting) By Product Type (LED Lamp And LED Fixtures), And Competitive Landscape
According to 6Wresearch, India Logistics And Warehousing Lighting Market size is projected to grow at a CAGR of 9.2% during 2021-2027F. There would be a strong trend in demand for large, high-quality warehouses with enhanced automation and large ceiling heights. Moreover, the growing participation of secondary cities like Indore, Nagpur, Jaipur, Kochi, Ludhiana, Patna, Siliguri, Vadodara, Visakhapatnam, etc. in the overall warehousing demand would create new opportunities in the market. The continuous efforts made by the government to enhance the logistics and warehousing infrastructure of the country through initiatives like Pradhan Mantri Gati Shakti Scheme, Pradhan Mantri Gram Sadak Yojana, Pradhan Mantri Kisan Sampada Yojana, industrial and freight corridors, Bharatmala and Sagarmala projects, Jal Marg Vikas along with the upcoming National Logistics Policy would augment the growth of the market in the near future.
India logistics and warehousing lighting market is still in its early growth stage of lifecycle and is anticipated to witness strong trend in demand during the forecast period on account of initiatives of government policies. Increasing manufacturing activity, expanding international trade, rising domestic consumption and the easing of government regulations for warehouse establishment are expected to augment the growth of the market in the coming years. Moreover, strong FDI inflows in the logistics sector through startups and organized 3PL players would bolster this growth.
By light source, LED lights held the highest revenue share for the year 2020 on account of their growing adoption throughout the country as it is cost-efficient and environmentally friendly. Moreover, LED lights are being used for all the new projects whereas other types of lights are only used for replacement purposes in a few existing warehouses
Key Highlights of the Report
· Market Drivers, Restraints
· Market Trends and Industry Life Cycle
· Market Opportunity Assessment
· Porter’s Five Force Analysis
· Company Profiles
· Key Strategic Recommendations
· Historical Data and Forecast of India Logistics and Warehousing Lighting Market Revenues for the Period 2017-2027F
· Historical Data and Forecast of India Logistics and Warehousing Lighting Market Revenues, By Light Source for the Period 2017-2027F
· Historical Data and Forecast of India Logistics and Warehousing Lighting Market Revenues, By Product Type for the Period 2017-2027F
· Historical Data and Forecast of India Logistics and Warehousing Lighting Market Revenues, By Applications for the Period 2017-2027F
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