India material handling market was valued at US$4.068 billion in 2021 and is projected to expand at a CAGR of 6.96% over the forecast period to reach US$6.515 billion by 2028.
Improving economic conditions have boosted investment in the construction sector and also the spending patterns of consumers. Another factor for growth in India's material handling market is rising labor costs, which have led to investments in these solutions to cut down on operating expenses. Focus on workplace safety is also augmenting the demand for these solutions.
This research study examines the India material handling market based on various segments: products, applications, and industry verticals. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Indian material handling industry comprehensively. This is followed by industry value chain analysis, which determines the companies that are part of the different processes and contribute to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting India material handling market. Moreover, the research study analyzes the overall regulatory framework of India's material handling sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
India material handling market– Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to understand the market. The report also analyzes the competitive landscape and details strategies of key market players, and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the India material handling market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$4.068 billion |
| Market Size Value in 2028 | US$6.515 billion |
| Growth Rate | CAGR of 6.96% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Products, Applications, and Industry Verticals |
| Companies Covered | Daifuku India Private Limited (Incl. Vega Conveyors & Automation), Space Magnum Equipment Pvt. Ltd, Godrej Consoveyo Logistics Automation Ltd (GCLA), Kardex India Storage Solutions Private Limited, Armstrong Ltd., Falcon Autotech Private Limited, GreyOrange Pte. Ltd., Addverb Technologies Inc., Hinditron Group, TIL Limited |
| Customization Scope | Free report customization with purchase |
Different segments covered under the India material handling report are as below: