India Material Handling Integration Market Size & Outlook
India material handling integration market, 2018-2030 (US$M)
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India material handling integration market highlights
- The India material handling integration market generated a revenue of USD 2,374.2 million in 2023 and is expected to reach USD 3,989.6 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Material handling integration market data book summary
| Market revenue in 2023 | USD 2,374.2 million |
| Market revenue in 2030 | USD 3,989.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, India accounted for 5.2% of the global material handling integration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China material handling integration market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,195.3 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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India material handling integration 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 material handling integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 69.62% in 2023. Horizon Databook has segmented the India material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growing internet and smartphone penetration in India is driving the growth of the e-commerce sector. Moreover, the Indian government is taking initiatives to expand the country's manufacturing sector, and companies such as the U.S.-based Amazon Web Services, Inc. and Apple Inc. are investing in India.
According to a 2023 survey by Rockwell Automation, a U.S.-based material handling system provider, manufacturers in India are investing nearly 25% of their operating budgets in technology. This trend could bode well for the material handling integration market as material handling integration systems employ advanced technologies such as AI, robotics, and automation.
Blue Star Limited, an India-based engineering company, provides automated material handling systems. The company's warehouse automation solutions include material movement solutions such as conveyors, AGVs, and AMRs.
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Horizon Databook provides a detailed overview of country-level data and insights on the India material handling integration market , including forecasts for subscribers. This country databook contains high-level insights into India material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India material handling integration market size, by component, 2018-2030 (US$M)
India Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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