India Material Handling Equipment Market: Paving the Way for Industrial Efficiency

The India Material Handling Equipment (MHE) Market is poised for strong growth over the coming years, driven by the expansion of the manufacturing, logistics, and construction sectors. The market is expected to grow at a CAGR of approximately 9.8% to 10% during the forecast period, reflecting rising investments in core industrial sectors, infrastructure projects, and technological advancements.

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Market Overview

Material handling equipment refers to machinery and systems used for the movement, storage, control, and protection of materials during manufacturing, warehousing, and distribution. The growing need for automation, efficiency, and speed in industrial operations is fueling demand for equipment such as cranes, forklifts, and warehouse handling systems. Additionally, the growth of the e-commerce sector and rising labor costs are accelerating adoption. However, challenges such as high initial costs, limited awareness, and technical constraints continue to pose hurdles for market expansion.

Impact of COVID-19

The COVID-19 pandemic had a mixed impact on the India MHE market. Lockdowns and supply chain disruptions temporarily slowed operations across sectors, particularly construction and manufacturing. However, the gradual resumption of economic activity and an increased focus on automation to maintain operations during workforce restrictions have helped the market recover and strengthen in the post-pandemic period. The market’s resilience highlights the importance of strategic planning for both short-term disruptions and long-term growth strategies.

Key Market Drivers

1. Growth of Manufacturing Sector

The manufacturing segment dominates the India MHE market and is expected to maintain its lead throughout the forecast period. Initiatives like Make in India are driving industrial growth, boosting demand for material handling solutions in production facilities, warehouses, and distribution centers. With manufacturing activity projected to expand, the need for efficient material movement and storage solutions is increasing proportionally.

2. Rising Infrastructure and Construction Projects

The construction and industrial sectors are significant drivers of demand for cranes and heavy material handling equipment. Among product types, pick and carry cranes hold a 30% market share, followed by forklifts and screw cranes. Urban infrastructure projects and industrial applications in steel and power sectors are key demand drivers. Advanced cranes such as slew, tower, and crawler cranes are increasingly used for heavy-duty operations in mining, refinery, and large-scale construction projects.

3. Warehousing and Logistics Expansion

India’s logistics and warehousing sector is experiencing rapid growth, with warehousing requirements expected to expand at a CAGR of 7.5% and logistics expected to grow 15%–20% per year. Forklifts are gaining traction in this segment due to their flexibility, speed, and suitability for repetitive material handling in restricted spaces like warehouses and distribution yards. Investments in modern warehouse infrastructure offer returns of 12%–20% per annum, making the sector attractive for stakeholders.

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Market Segment Analysis

By Product Type

• Pick and Carry Cranes: Leading segment, mainly used in construction and industrial projects.

• Forklifts: Growing rapidly due to warehouse automation and repetitive material handling efficiency.

• Screw Cranes, Tower Cranes, Crawler Cranes: Used in heavy-duty construction and industrial applications.

• Other Equipment: Includes specialized machinery for niche applications.

By Application

• Manufacturing: Dominant segment due to core industrial demand.

• Logistics and Warehousing: Rising adoption for efficient material movement.

• Retail: Growing e-commerce sector drives demand for handling equipment.

• Other Applications: Includes infrastructure, healthcare, and utilities.

Regional Insights

While the report focuses on India, the market shows regional variation based on industrialization levels and infrastructure development. States with high industrial and construction activity are driving higher adoption rates for material handling equipment. The rise in organized warehousing and the logistics boom across the country further support market growth.

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Competitive Landscape

The India MHE market is highly competitive, with several established players and regional manufacturers. Key players include:

• Godrej & Boyce Mfg. Co.

• Mcnally Bharat Energy Co.

• 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

These companies compete through product innovation, expansion strategies, pricing, and service networks, catering to diverse industrial and commercial applications.

Market Outlook

The India Material Handling Equipment market is set for sustained growth, supported by manufacturing expansion, logistics modernization, and infrastructure development. Rising automation adoption, technology advancements, and government initiatives like Make in India will further accelerate market penetration.

As industrial operations become more complex and infrastructure projects scale up, material handling equipment will remain critical for efficiency, safety, and productivity, ensuring that India continues on a trajectory of industrial modernization and economic growth.