India Automated Material Handling Equipment Market Size & Outlook
India automated material handling equipment market, 2018-2030 (US$M)
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India automated material handling equipment market highlights
- The India automated material handling equipment market generated a revenue of USD 1,671.2 million in 2023 and is expected to reach USD 3,601.0 million by 2030.
- The India market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, robots was the largest revenue generating product in 2023.
- Collaborative Robots is the most lucrative product segment registering the fastest growth during the forecast period.
Automated material handling equipment market data book summary
| Market revenue in 2023 | USD 1,671.2 million |
| Market revenue in 2030 | USD 3,601.0 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robots, AS/RS, Conveyors Systems, Sortation Systems, Cranes, Collaborative Robots, Autonomous Mobile Robots, Automated Guided Vehicle, Warehouse Management System |
| Key market players worldwide | Daifuku Co Ltd, KION GROUP AG, Honeywell International Inc, Toyota Motor Corp, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, John Bean Technologies Corp, SSI Schaefer Systems International North America, Hanwha, KUKA Robotics |
Other key industry trends
- In terms of revenue, India accounted for 2.7% of the global automated material handling equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India automated material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,601.0 million by 2030.
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Automated Material Handling Equipment Market Scope
Automated Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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India automated material handling equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated material handling equipment market will help companies and investors design strategic landscapes.
Robots was the largest segment with a revenue share of 23.35% in 2024. Horizon Databook has segmented the India automated material handling equipment market based on robots, as/rs, conveyors systems, sortation systems, cranes, collaborative robots, autonomous mobile robots, automated guided vehicle, warehouse management system covering the revenue growth of each sub-segment from 2018 to 2030.
The warehousing sector in India is developing quickly and is progressing towards palletized loads, which can be stored at heights. The government's latest movement to give infrastructure status to the logistics sector has fetched much-needed support in buying equipment at cheaper costs and setting up infrastructure, further pushing the sales of warehousing equipment.
Furthermore, the post-GST realignment in logistics processes and the growing organized retail market have driven the country's warehousing operations growth in recent years. This has driven the need for automated material handling equipment, such as lift trucks, forklifts, and pallet trucks, with a surge in warehousing facilities.
The funding from MTDC will go toward the company's international growth, mainly opening a branch in India and expanding inventory to accelerate the sales cycle. In addition to funding, MTDC provides DF Automation & Robotics Sdn Bhd with business consulting services.
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Our clientele includes a mix of automated material handling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India automated material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into India automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automated material handling equipment market size, by product, 2018-2030 (US$M)
India Automated Material Handling Equipment Market Outlook Share, 2024 & 2030 (US$M)
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