Press release
India Automated Material Handling (AMH) Market Statistics, Development and Growth 2021-Daifuku India Private Limited (Incl. Vega Conveyors & Automation), Space Magnum Equipment Pvt. Ltd
India Automated Material Handling (AMH) Market by Component, Application, Services, and Region- Forecast to 2026The Global India Automated Material Handling (AMH) Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the India Automated Material Handling (AMH) business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the India Automated Material Handling (AMH) worth chain and its wholesaler examination. India Automated Material Handling (AMH) Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The India Automated Material Handling (AMH) Market was valued at USD 1353.8 million in 2020 is expected to reach USD 2739.34 million by 2026 at a CAGR of 12.7% over the forecast period from 2021 - 2026.
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Top Leading Companies of India Automated Material Handling (AMH) Market are 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, The Hi-Tech Robotic Systemz Limited, Bastian Solution Private Limited, and others.
Industry News And Updates on India Automated Material Handling (AMH) Market-
Retail/Warehouse/Logistics Center is Expected to Hold Significant Share
- The Indian retail industry has developed into one of the most dynamic and fast-paced sectors due to several new players' entry. It accounts for over 10% of the country's GDP and around 8% of the employment ratio. India is the world's fifth-largest global destination in terms of retail space. The country is expected to become the world's fastest-growing e-commerce market, where e-commerce sales are expected to reach USD 120 billion by 2020. Furthermore, India's e-commerce market is expected to reach USD 220 billion, in terms of the gross merchandise value (GMV), and there are expected to be about 530 million shoppers, by 2025. In February 2019, the Indian Government released the Draft National E-Commerce Policy, which encourages FDI in the marketplace model of e-commerce.
Key Market Trends India Automated Material Handling (AMH) Market-
Automated Conveyor is Expected to Hold Significant Share
- Belt conveyor is mainly used to transport solid material in a powdered form or bulk. Its primary application lies in connecting assembly lines to the final inspection and packing lines. It is the most widely used among the different types of conveyors, due to its versatility and cost-effectiveness. Process industries, such as construction and mining, use these conveyors to transfer raw materials from one unit to another rapidly. The equipment is used increasingly in the manufacturing of durable goods, such as automobiles, electrical and electronics, transportation equipment, and other machinery.
- Roller conveyors are the second-fastest growing, as well as the second-largest segment among conveyors. These are majorly used in e-commerce for light material handling.
Competitive Landscape On India Automated Material Handling (AMH) Market-
April 2020 - Godrej Material Handling has announced its foray into the 3-wheel electric forklift truck segment. The company has launched the latest three-wheel electric variant of its Bravo Forklift Truck for the 1.6 to 2-tonne category. The Bravo has been wholly produced in India to reach the Indian market space's needs with an R&D effort of two years. It is compact and offers one of the fastest travel speed of 15 km/hr in the category.
- January 2020 - Daifuku India received the SCALE 2019 Award for the best company in the 'Intra-Logistics Automation' category presented by the Confederation of Indian Industries (CII). SCALE (Supply Chain & Logistics Excellence) Award is an initiative by CII's Institute of Logistics to acknowledge the innovative ideas and excellence of companies in the supply chain and material handling domain.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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