India Material Handling Equipment Market

India Material Handling Equipment Market Overview:

The India material handling equipment market size reached USD 10.57 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.48 Billion by 2033, exhibiting a growth rate (CAGR) of 8.08% during 2025-2033. The India material handling equipment market is driven by rapid industrialization, expanding manufacturing activities, government initiatives like the Production-Linked Incentive (PLI) scheme, rising e-commerce logistics, and increasing infrastructure development, all contributing to higher demand for advanced automation, efficient warehousing solutions, and technologically upgraded handling systems across industries.

India Material Handling Equipment Market Trends:

Expansion of the Manufacturing Sector

The manufacturing sector is the backbone of India's economy, and its expansion has a direct impact on the demand for material handling equipment. As per the Annual Survey of Industries (ASI) 2021-22, the Gross Value Added (GVA) in manufacturing surged by 26.6% compared to the earlier year, reflecting a robust recovery after the pandemic. These sectors were propelled by industries like basic metals, refined petroleum products, drugs and pharmaceuticals, automobiles, food products, and chemicals, which all contributed around 56% to the overall GVA in manufacturing. The rise in manufacturing production requires effective material handling solutions to deal with higher production levels, reduce operations, and provide timely delivery. For example, the machine tool industry provides machinery that is vital for the entire manufacturing sector. The industry consists of primarily small and medium-sized enterprises (SMEs), with some mid-sized producers reporting annual turnovers of INR 300-500 crores. Increased expansion of such businesses highlights the growing demand for cutting-edge material handling equipment to be competitive and function efficiently. Additionally, the National Manufacturing Innovation Survey (NMIS) 2021-22 indicated that innovation among manufacturing companies plays a crucial role in improving productivity and competitiveness. The survey, conducted jointly by the Department of Science and Technology (DST) and the United Nations Industrial Development Organization (UNIDO), analyzed the innovation performance of Indian manufacturing companies. The research indicates that companies that are investing in innovative technologies and processes, such as advanced material handling systems, are well placed to enhance efficiency and output.

Infrastructure Development and Government Initiatives

The development of infrastructure in India has been the mainstay of economic development, with tremendous investments in upgrading transportation, logistics, and manufacturing facilities. Building strong infrastructure has been the government's priority, and as a result, there is high demand for material handling equipment to facilitate construction and the subsequent use of these facilities. The capital goods industry, which includes material handling equipment, has been aided by production-linked incentive (PLI) programs in industries such as automobiles and electric vehicles (EVs). Indirectly, these programs promote demand for capital goods through their focus on manufacturing excellence and expanding capacity. Incidentally, industries for heavy electrical and power equipment, earthmoving and mining equipment, and process plant equipment jointly contribute to 85% of India's entire capital goods export, demonstrating the strength of the sector. Also, the Index of Industrial Production (IIP), which captures the performance of different industrial sectors, has been positive. The Office of the Economic Advisor, Ministry of Commerce and Industry, started compiling and publishing the IIP, covering major industries that contribute a large share of total production. A rise in the IIP reflects higher industrial activity, which translates to greater demand for material handling solutions to control the movement of goods within and among facilities.

India Material Handling Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and application.

Product Insights:

• Cranes and Lifting Equipment
• Industrial Trucks
• Continuous Handling Equipment
• Racking and Storage Equipment

The report has provided a detailed breakup and analysis of the market based on the product. This includes cranes and lifting equipment, industrial trucks, continuous handling equipment, and racking and storage equipment.

Application Insights:

• Automotive
• Food and Beverages
• Chemical
• Semiconductor and Electronics
• E-Commerce
• Aviation
• Pharmaceutical
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive, food and beverages, chemical, semiconductor and electronics, E-commerce, aviation, pharmaceutical, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Material Handling Equipment Market News:

• December 2024: Action Construction Equipment (ACE) introduced the BS-V AX124 Backhoe Loader, among seven new innovative products, that emphasize on advanced technology and efficiency. The expansion includes enhancing domestic manufacturing capability and enabling large-scale infrastructure initiatives. Introducing high-performance equipment bolsters India's material handling equipment market by enhancing productivity and operational efficiency.
• December 2024: TIL launched the Snorkel A62JRT boom lift at Bauma Conexpo India 2024, highlighting cutting-edge aerial work platform technology. The launch reflects India's rising need for productive and safe material handling solutions in construction and industrial uses. The innovation enhances the India Material Handling Equipment market by growing productivity and operational safety across sectors.

India Material Handling Equipment Market Report Coverage:

Key Questions Answered in This Report:

• How has the India material handling equipment market performed so far and how will it perform in the coming years?
• What is the breakup of the India material handling equipment market on the basis of product?
• What is the breakup of the India material handling equipment market on the basis of application?
• What are the various stages in the value chain of the India material handling equipment market? 
• What are the key driving factors and challenges in the India material handling equipment market?
• What is the structure of the India material handling equipment market and who are the key players?
• What is the degree of competition in the India material handling equipment market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India material handling equipment market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India material handling equipment market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India material handling equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.