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We aim to bring Indian MHE up to global standards at half cost

The material handling equipment market in India has shown substantial growth. Manpreet Sachdev, Founder & CEO, Elite Material Handling Company, highlights new trends like AGVs, drones, etc. in the material handling space.

MHE in India: What drives the sector

There is high growth potential in material handling industry in India considering the pipeline of opportunities in construction and infrastructures sectors.

The recent MHE market demand is on the uptrend鈥�

Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.

MHE holds enormous growth potential

Despite the relative slowdown in demand in the current fiscal, the market for material handling equipment (MHE) will continue to expand in double digits over the next few years.

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

Customers prefer fast charging batteries

Eternity Industrial Batteries (India) offers the complete range of batteries for material handling equipment applications. Aman Chadha, Managing Director, shares more on the company and the industry scenario.

The current Union Budget will spur rural demand and infrastructure growth

The warehouse market in India is growing faster than the GDP. It will continue to grow at a CAGR of 12-13 per cent in the coming years and is largely dominated by unorganised sector (90 per cent).

Palletisation can bring in higher throughput and desired efficiency

The estimated market size of the total Indian logistics market is to the tune of $200 billion and it generates employment for close to 50 million people in our country.

We expect a CAGR of 10 per cent during 2016-2020 in material handling sector

With the Prime Minister?s ambitious plan of ?Make In India? taking root, we expect to see good growth in manufacturing and consequently in logistics and distribution activities for the next few years,? says Cavas Dumasia, Vice President - Sales & Marketing, Godrej Material Handling Division.

Material Handling: Meteoric Rise

Modern warehousing and inter modal logistics industry initiatives in India, have redefined how business is conducted in the country in most industry sectors as well as its geographic regions.

Post Budget Vibrations India: Sustained Growth

According to Macquarie, the growth momentum in the construction equipment (CE) segment has sustained in India, despite withdrawal of discounts and price increases. Also, purchases were being done primarily by first-time buyers.

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