India Material Handling Equipment Market Analysis by Product, Application & Region

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India Material Handling Equipment Market Overview

The India Material Handling Equipment Market is poised for strong expansion and is expected to witness robust growth, registering a CAGR of approximately 9.8%–10% during the forecast period up to 2027. This growth is supported by rising industrial activity, rapid infrastructure development, and increasing adoption of automation across key sectors.

Material handling equipment plays a crucial role in improving operational efficiency by enabling the safe, efficient, and systematic movement of goods within manufacturing plants, warehouses, construction sites, and logistics hubs. As India continues its transition toward organized manufacturing and modern supply chain systems, demand for advanced material handling solutions is accelerating.

Impact of COVID-19 on the Market

The report provides a detailed assessment of the COVID-19 pandemic’s impact on the revenues of market leaders, followers, and emerging players. Since lockdown measures varied significantly across regions and industries, the pandemic’s effect on the material handling equipment market also differed by segment and geography.

Both short-term disruptions—such as halted construction activities and delayed capital investments—and long-term structural changes, including increased automation and digital adoption, have been analyzed. This comprehensive evaluation enables decision-makers to formulate region-specific short-term recovery plans and long-term growth strategies.

To know the most attractive segments, click here for a free sample of the report:https://www.maximizemarketresearch.com/request-sample/29932/ 

Market Drivers and Growth Factors

Continuous investments in core manufacturing industries, including steel, power, automotive, and heavy engineering, are major drivers of market growth. Government-led initiatives such as “Make in India” are strengthening domestic manufacturing capabilities, which in turn is boosting demand for material handling equipment.

The increasing need for automation, coupled with shrinking infrastructure project timelines, has further intensified equipment adoption. Rapid growth of the e-commerce sector, rising labor costs, and advancements in material handling technologies—such as smart cranes and automated forklifts—are accelerating market expansion.

However, challenges such as high initial capital investment, limited awareness among small-scale operators, and real-time technical complexities act as restraints, especially in price-sensitive segments.

India Material Handling Equipment Market Segment Analysis

By End-Use Industry

The manufacturing sector dominates the India material handling equipment market and is expected to retain its leading position throughout the forecast period. The expansion of domestic manufacturing under national industrial policies is driving increased logistics, storage, and internal transportation requirements.

India’s warehousing sector is also witnessing strong growth, with total warehousing demand expected to grow at a CAGR of 7.5%. Warehouse investments offer attractive annual returns ranging from 12% to 20%, encouraging private and institutional participation. Additionally, the Indian logistics industry is projected to grow at 15%–20% annually, further strengthening market prospects.

By Product Type

Pick and Carry Cranes hold the largest market share, accounting for nearly 30% of total demand, followed by forklifts and screw cranes. The dominance of pick and carry cranes is driven by their widespread use in construction and industrial applications. Urban infrastructure development fuels construction demand, while steel and power industries remain key industrial consumers.

Advanced cranes such as tower cranes, crawler cranes, and slew cranes cater to heavy-duty applications in large-scale infrastructure, mining, and refinery projects. With increasing project complexity and scale, demand for these sophisticated cranes is expected to grow at a rate higher than the overall crane segment.

The forklift segment is anticipated to grow at a high CAGR, supported by rising warehouse automation. Forklifts offer superior flexibility, speed, and efficiency, making them ideal for repetitive material handling tasks in confined environments such as warehouses and logistics yards.

Regional and Market Framework Analysis

The report presents a comprehensive evaluation of market dynamics, structure, and size by analyzing individual segments and projecting future demand. It includes PEST, Porter’s Five Forces, and SWOT analyses, providing valuable insights for investors, manufacturers, and policymakers.

The competitive landscape is examined through detailed profiling of key players, covering their product portfolios, pricing strategies, financial performance, expansion plans, and regional presence. This enables stakeholders to identify emerging opportunities and prioritize investments in high-growth segments.

Key Highlights of the India Material Handling Equipment Market

Market analysis and forecast presented in value terms
In-depth evaluation of drivers, restraints, and opportunities
Detailed segmentation by product type, application, and end-user
Strategic assessment of sub-segment growth trends and future potential
Competitive benchmarking of leading market participants
Coverage of investments, expansions, and strategic developments
The study considers 2019 as the base year, with historical trends analyzed from 2016 to 2020. Although 2020 data reflects actuals, forecasts are derived from multi-year trends to account for abnormal market conditions during the pandemic.

Market Segmentation

By Product

Pick and Carry Crane
Forklift
Screw Crane
Tower Crane
Crawler Crane
Others
By Application

Retail
Manufacturing
Warehouse
Logistics
Others
To know the most attractive segments, click here for a free sample of the report:https://www.maximizemarketresearch.com/request-sample/29932/ 

Key Players in the India Material Handling Equipment Market

Godrej & Boyce Mfg. Co.
McNally Bharat Engineering
Mukand Ltd.
Escorts Ltd.
Ahluwalia Contracts (India) Ltd.
Saico Engineers & Fabricators Ltd.
Elecon Engineering Co.
ElectroMech
ACE
Omega
Voltas
TIL
TELCON
Ashoka Machines
Venus Engineers
Mekonix Systems
Conclusion

The India Material Handling Equipment Market is on a strong growth trajectory, driven by manufacturing expansion, infrastructure development, warehouse modernization, and logistics sector growth. While cost and technical challenges persist, rising automation, government initiatives, and private investments are expected to unlock substantial long-term opportunities across the market.