Market insights:
The warehousing market in India was valued at INR 1,050 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~14.86% between 2021 and 2025, to reach a value of INR 2,028.86 Bn by 2025. The growth in the India warehousing market is triggered by the robust expansion in the country’s pharmaceutical, e-commerce, and manufacturing sectors. The rapid growth in the market can also be attributed to the government’s policy support and increasing institutional investments. Other factors, including technological advancements, such as warehousing automation and robotic mechanization are expected to revolutionize the market. However, the unavailability of feasible lands, high land acquisition prices and the lack of an adequate warehouse infrastructure in the country are factors hindering the growth of the market. Some of the major players operating in the market include Snowman Logistics, Gati, DHL Express, and Mahindra Logistics.

COVID-19 impact analysis:
The pandemic and the nationwide lockdown have perpetuated their severe impact on the world economy. The warehousing sector also witnessed a notable decline in its capacity utilization over the first three quarters of 2020 due to a halt in production, supply chain disruption, and restriction in international trade. The demand for warehousing in India fell by ~11% in the first quarter of 2020, compared to the fourth quarter of 2019. However, with the phasing out of the lockdown and restrictions on transport activities, the warehousing market started reviving and emerged as a promising market for potential investors. A massive increase in the demand for cold chain and pharmaceutical warehousing and the growth in the e-commerce and e-retail segments in India are driving the market in the post-lockdown period.

Companies covered:
• Container Corporation of India Limited
• Gati Limited
• Mahindra Logistics Limited
• Snowman Logistics Limited
• Transport Corporation of India Limited
• Central Warehousing Corporation
• DHL Express (India) Private Limited
• FIT 3PL Warehousing Private Limited
• Shalimar Warehousing Corporation
• Spear Logistics Private Limited

The post Warehousing Market in India 2021 first appeared on CRI Report.

A quick service restaurant (QSR) is a fast-food outlet where people pay for food at the counter before consumption. QSRs have both fast food cuisines and small table services to cater to youngsters’ and working professionals’ requirements.

Quick Service Restaurant market has been experiencing steady growth over the past few years. During the FY 2016 – FY 2020 period, the Quick Service Restaurantmarket increased at 17.27% and is expected to reach INR ~827.63 Bn by FY 2025. QSR has gained popularity due to growing eating-out habits, rising disposable income, changing lifestyle, and the online food delivery system’s growth.

Both chain QSR and standalone QSR segments are expected to contribute equally to the market’s development during the forecast period. Major players operating in the Indian QSR market include Burger King India Pvt. Ltd., Jubilant FoodWorks Limited, Burman Hospitality Private Limited, Jumboking Foods Private Limited, and many mores.

Impact of Covid-19
The pandemic and the prolonged global lockdown severely impacted the foodservice market in India. In the middle of March 2020, the Government of India temporarily closed all hotels, restaurants, and food courts across the country as a precautionary measure to contain the spread of COVID-19.

In response to the COVID situation, QSRs have increasingly turned to the food delivery sector. Many foodservice companies have adopted take-away services to deliver safe, hygienic, and customized orders to their customers.

Market segment insights

In FY 2020, chain QSRs held the highest market share (~54.2%) in India’s overall Quick Service Restaurant market. An increase in consumers’ propensity to eat out and a growing number of innovative fast-food chains are the driving factors for chain QSRs segment.

Besides, innovative payment systems and point of sales systems are the primary factors for the growth of the chain QSRs segment in the QSR market. Based on the model, the take-away and home delivery segments are expected to expand at a higher growth rate of around ~18.0% and ~17.4%, respectively, between the FY2021 and FY2025 period as compared to dine-in segment

Key growth drivers of the market
• The increasing trend of eating out in urban cities in India, across all the economic classes, without the need for any special occasion, has boosted the demand for QSRs. People increasingly prefer eating outside as a part of their leisure outings or shopping experience. This trend is mainly visible among the millennial age group of 25 to 40 years.

Moreover, with the growing exposure to international lifestyles and culture, people have started developing their tastes and are eating out at restaurants more often to have different cuisines

• Rapid urbanization due to the increase in population and economic growth and the rise in disposable income of people have led to the penetration of eating out culture in the country. Per-capita monthly income in India is estimated to have increased by 6.8% to INR 11,254 in FY 2020 from INR 10,534 in FY 2019.

Besides, an increasing number of fast-food franchises in untapped areas and expansion of tier II and tier III cities have led to the rise in the number of quick service restaurants

Key deterrents to the growth of the market
Setting up restaurants in India is a very time-consuming and tiresome process since it requires multiple government clearances. Apart from that, the lack of a skilled workforce is another major challenge faced by quick foodservice providers, primarily in small cities and towns.

Companies covered
• Burger King India Pvt. Ltd.
• Jubilant FoodWorks Limited
• Burman Hospitality Private Limited
• Coffee Day Global Limited
• Devyani International Limited
• Jumboking Foods Pvt. Ltd.
• Sapphire Foods India Pvt. Ltd.
• Subway System India Pvt. Ltd.
• Tata Starbucks Private Limited
• Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)

Mobile Wallet Market: Market Segments: By Product (Proximity and Remote); By Mode of Payment (SMS, NFC, WAP, Others); By Application (Retail, Vending Machine, Public Transportation and Restaurants); and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

Philippines Quick Services Restaurant Market – By Food Type(Burger/Sandwich, Pizza/Pasta, Chicken, Seafood and Others); By Network Type(Franchisedand Independent); By Cuisine Type American Cuisine, TurkishCuisine and Lebanese Cuisine);and Regional Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030

The post Quick Service Restaurant (QSR) Market in India 2021 first appeared on CRI Report.

Segmentation insights:
The power sector in India is characterized by its diversified fuel sources, which consist of environmentally sustainable sources such as solar, wind, and small hydro plants, along with conventional sources like coal, oil, and gas. Thermal power was the predominant type of installed capacity in India, accounting for a 62.31% share of the total installed capacity in FY 2020. The commissioning of various Ultra Mega Power Projects (UMPPs) based on thermal power attributed to the largest share of thermal power in the country’s energy mix.
Renewable energy was the second-leading energy source in India, capturing 23.51% of the total installed capacity in India in FY 2020. The Indian government’s ambitious target of installing 175 GW of renewable energy, capacity coupled with the establishment of solar parks and the solar city program propelled the growth of clean energy in India. Furthermore, the financial incentives offered by the government are likely to encourage state-owned operators to invest in Clean Energy Parks and Ultra-Mega Renewable Energy Power Parks (UMREPPs).

Market influencers:
Soaring demand from the industrial and domestic sectors have been the major driving factor for the growth of the Indian power sector. The industrial sector in India expanded significantly over the past few years, marked by the steady increase in the index of industrial production (IIP) for the electricity domain from 126.6 in FY 2015 to 158.4 in FY 2020. The industrial sector has been the largest power consumer in India, accounting for around 42.69% of the total power consumption in FY 2020. On the other hand, the consumption from the domestic sector increased at a fast pace of 7.96% from FY 2010 to FY 2020. Improvements in access to electricity, a surge in the sale of white goods, and higher demand for LED bulbs have driven demand from the domestic sector. Furthermore, supportive government policies such as UDAY 2.0, 24×7 – Power for All, SAUBHAGYA, UJALA Scheme, Green Energy Corridor, and vehicle electrification have helped to boost the Indian power sector.
The restricted supply of raw material poses a substantial challenge to the Indian power sector. Market players have been struggling to acquire raw material for power generation owing to the erratic domestic supply of coal, fluctuations in international coal prices, and shortage of natural gas. Furthermore, the weak infrastructure of the transmission and distribution (T&D) system leads to transmission and distribution losses (T&D losses), which affects the power sector. The T&D loss in India is around 20%, significantly higher than in other Asian countries. The thermal power sector has been experiencing challenges in recent years, owing to its environmental impact, tariff structure, and difficulty in acquiring power purchase agreements (PPA).
Impact of COVID-19
The growth momentum of the Indian power sector has been hindered by the onset of the pandemic and the ensuing lockdown measures. The shutdown of industrial activities as an effect of the lockdown announced on 25th March 2020, led to a sharp fall in power consumption in the industrial and commercial sectors. The steep decline in demand, coupled with a liquidity crunch, has crippled the financials of power generating and power distribution companies. The unprecedented impact of the pandemic has highlighted the need for structural changes in the industry. The lessons learned from the crisis are expected to usher in policy reforms, boost private sector participation, lead to a focus on an efficient power trading system, bring in investments for infrastructure development, and most importantly, facilitate digital transformation.
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Companies covered:
• Adani Power Limited
• CESC Limited
• Damodar Valley Corporation (DVC)
• NHPC Limited
• NTPC Limited
• SJVN Limited
• Suzlon Energy
• Tata Power Limited
• Websol Energy System Limited
• Nuclear Power Corporation of India Limited (NPCIL)

The post Power Sector in India 2021 first appeared on CRI Report.

The post Petrochemical Market in India 2021 first appeared on CRI Report.

Market insights:
The foodtech market in India was valued at INR 289.36 Bn in 2019 and is expected to reach INR 1,868.19 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~39% during the 2021 – 2025 period. Rapid urbanization, growth in the number of working youth, and increased adoption of the internet and smartphones are a few of the significant factors that propel market growth. Lucrative offers and discounts provided by various aggregators on their apps and the ease of doorstep delivery are further driving the market. However, the dominance of unorganized players across tier II and tier II cities and the significantly low penetration of internet in tier III cities deter its growth.

Segment insights:

On the basis of product type, the foodtech market in India is broadly categorized into two segments – online food delivery and online grocery. In terms of revenue, the online food delivery segment dominated the foodtech market, accounting for 67.13% of the overall revenue in 2020. The online grocery segment is expected to witness high growth during the forecast period and is likely to dominate the market by the end of 2025, accounting for ~55.10% of the sector.

COVID-19 impact analysis:
During the initial stages of the COVID-19 pandemic, the market experienced a setback mainly because the online food delivery market was severely impacted by the nationwide lockdown. The frequency of online food ordering declined initially because consumers were concerned about their health and the availability of delivery agents fell due to the scarcity of jobs and migration of labor during. However, many food service startups expanded their businesses beyond restaurant food delivery to target new customers and retain existing customers with other types of delivery services. Furthermore, the increased penetration of the internet in tier II and tier II cities since the pandemic has helped these companies reach out to more people and expand their delivery services. The importance of online transactions and other online activities were realized during the pandemic, both by customers, as well as investors. This will help the foodtech market to grow throughout the forecast period.

Companies covered:
• Jubilant FoodWorks Limited
• Bundl Technologies Pvt. Ltd. (Swiggy)
• FoodVista India Private Limited (FreshMenu)
• Grofers India Pvt. Ltd.
• House of Licious
• Milkbasket
• Rebel Foods Pvt. Ltd.
• Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
• Zomato Media Pvt. Ltd.
• Amazon India Ltd.

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The post Food Tech Market in India 2021 first appeared on CRI Report.

Impact of Covid-19
The defense industry in India witnessed a significant downturn on account of global trade restrictions following the outbreak of COVID-19. Defence public sector undertakings had to stop working on most of the projects after the imposition of the lockdown. The sector shifted its focus to manufacturing essential commodities only, such as personal protective equipment (PPE) kits, masks, and ventilator parts, to help the government fight the pandemic. Around 90% of the small private manufacturers that supply essential components to the industry had to halt the production of components till May 30th, 2020.
The government had to tighten defense expenditure on account of the global crisis. In the first quarter of FY 2020, it withheld 15% – 20% of funds reserved for the defense ministry. In May 2020, it stated to abolish 9,300 posts in the military engineering service (MES).

Market segment insights
The defense budget has increased at a steady rate in the last five years, from FY 2016 to FY 2020. Though the overall defense budget has been growing, the defense expenditure has declined as a proportion of the GDP. The Indian Army accounts for the highest share of the defense budget, followed by the Air Force, Navy, DRDO (Defense Research and Development Organisation), and ordinance factories.

Key challenges of the market
Indian government has not been able to attract significant private sector investments in the defense manufacturing industry. This has resulted from delays in decision-making on the government’s part, placing unsystematic orders, canceling tenders, and placing unreasonable qualitative requirements by the Indian Armed Forces. Several Indian private defense companies had invested in improving their production capabilities to receive government support and orders. However, they have been left disappointed. For example, in May 2020, the private sector defense equipment manufacturing start-up, Tonbo Imaging, wrote an open letter to the prime minister underlining the cancelation of orders and delays in payments.

Government initiatives
In May 2001, the defense sector, which was only reserved for the public sector, was allowed 100% participation by the Indian private sector bound by licensing. A total of 460 defense licenses were issued by the government, covering 275 companies, till 31st December 2019. In the Defense Procurement Policy 2020 (DPP), the limit of foreign direct investment (FDI) through the automatic approval route has been increased to 74%. BAE Systems, Pilatus, Lockheed Martin, Boeing, Rafael, and Dassault Aviation are some of the major investors in the industry.

The post Defense Expenditure Trends in India 2021 first appeared on CRI Report.

Market insights:
The market was valued at INR 301.40 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of ~29.02% during the 2021 – 2025 period to reach INR 1,169.23 Bn by 2025. Need for improved infrastructure, economic benefits of using cloud computing, and government’s efforts to promote digital India and IT infrastructure are a few of the factors propelling market growth. Initiatives undertaken by the government to drive the adoption of cloud infrastructure include investment in National Optical Fibre Network (NOFN) and multiple e-governance portals, and governmental programs such as Digital India and Meghraj. Moreover, the use of innovative technologies such as AI, machine learning, advanced analytics, and immersive media in the IT ecosystem contribute to the seamless adoption of SaaS, IaaS, and PaaS offerings.

COVID-19 impact analysis:
The cloud infrastructure market in India is one of the few sectors that has emerged strong amid the pandemic. With the outbreak of the pandemic and the nation’s migration to virtual operations, the demand for secure, reliable, scalable, and cost technology services proliferated, leading to higher cloud adoption and cloud infrastructure spending. The demand for e-learning, telemedicine, and remote working picked up on account of the growing application of cloud computing during the lockdown. Other sectors that have become highly dependent on cloud computing services are banking, financial services, and insurance (BFSI), and manufacturing.

Companies covered:
• Infosys Limited
• Tata Consultancy Private Limited
• Wipro Limited
• Rackbank Datacenters Private Limited
• Netmagic Solutions Private Limited
• Amazon Web Services, Inc.
• Google India Private Limited
• IBM India Private Limited
• Microsoft Corporation India Private Limited
• Oracle India Private Limited

The post Cloud Infrastructure Market in India 2021 first appeared on CRI Report.