India Material Handling Equipment Market to Observe Massive Growth by 2029

shital chaudhari

The India Material Handling Equipment Market is poised to exhibit substantial growth, with projections indicating a CAGR of 9.8% during the forecast period, culminating in significant market values by 2027.

Market Overview

As of the most recent India Material Handling Equipment Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market’s response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.

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Report Scope:

The report offers a comprehensive analysis of the impact of the COVID-19 lockdown on market dynamics, evaluating its repercussions on market leaders, followers, and disruptors across different regions and segments. By providing insights into both short-term and long-term impacts, decision-makers can formulate strategies to navigate through these challenging times effectively.

Research Methodology:

To ensure accuracy and reliability, the research methodology employed in this report adheres to stringent standards, incorporating industry-validated data, historical insights, and robust projections. A meticulous analysis, coupled with a suitable set of assumptions, forms the basis of the report’s findings.


Continuous investments in core manufacturing sectors serve as a primary driver for the burgeoning demand for material handling equipment in India. Additionally, the escalating need for automation and the shrinking timelines of infrastructure projects further propel market growth. The burgeoning e-commerce industry, coupled with rising labor costs and technological advancements, further augments market expansion.


Despite the promising growth trajectory, the market faces challenges such as high initial costs, lack of awareness, and real-time technical hurdles, which act as impediments to its full potential.


The manufacturing segment emerges as the dominant force in the India material handling equipment market, driven by initiatives like Make in India, which fuel growth in manufacturing and subsequently in logistics and distribution activities. Various product types, including pick and carry cranes, forklifts, and other advanced cranes, cater to diverse industry demands, with each segment exhibiting unique growth patterns.

India Material Handling Equipment Market, by Product:

• Pick and Carry Crane
• Forklift
• Screw Crane
• Tower Crane
• Crawler Crane
• Other

India Material Handling Equipment Market, by Application:

• Retail
• Manufacturing
• Warehouse
• Logistics
• Other

Regional Insights:

The report provides a comprehensive regional analysis, offering insights into market dynamics, trends, and opportunities across different geographies. By assessing market segments and projecting market sizes, decision-makers gain valuable insights to formulate region-specific strategies.

Market Key Players:

• Godrej & Boyce Mfg. Co.
• Mcnally Bharat Energy Co.
• Mukand Ltd. ƒ Escorts Ltd.
• Ahluwalia Contracts [India] Ltd.
• Saico Engineers & Fabricators Ltd.
• Elecon Engineering Co.
• ElectroMech
• Voltas
• Ashoka Machines
• Venus Engineers
• Mekonix Systems

Get to Know More About This Market Study:

Key questions answered in the India Material Handling Equipment Market report include:

What is India Material Handling Equipment?
What factors drive India Material Handling Equipment Market growth?
What are the main challenges for India Material Handling Equipment Market growth?
What was the India Material Handling Equipment market size in 2021?
Which trends are expected to contribute to India Material Handling Equipment market growth?
What recent industry trends can generate additional revenue streams for the India Material Handling Equipment Market?
What growth strategies are players considering to increase their foothold in the India Material Handling Equipment Market?
Who held the largest market share in the India Material Handling Equipment Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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