India Automated Material Handling (AMH) Market Size, Status and Global Outlook 2021 to 2026

Market Insights Reports has added new statistical data to its repository titled as, India Automated Material Handling (AMH) Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The India Automated Material Handling (AMH) market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

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 Key Players in the 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 Update:

- 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.

Key Market Trends:

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. They are specifically designed for the rapid loading and unloading of vehicles and other open bodies with materials, such as rigid bulk packages and roller conveyors, which are the most preferred choice of conveyors. An increasing interest in sustainability, coupled with a robust economy and cost containment, has led to the demand for roller conveyors. Significant investments in the e-commerce industry, along with the application from the ever-growing internet-enabled consumers, are impacting the growth of roller conveyors in India.
- In the mining sector, conveyor belts enable easy transport of minerals from mines. In June 2020, Coal India Ltd announced to invest INR 15,700 crores in conveyor belts that will replace road movement between mines and wagons, the company said. The first phase will upgrade infrastructure at 35 mines, each with a capacity of four million tonnes per annum (MTPA) or more at six subsidiaries of the company. This involved capital expenditure (Capex) of about INR 12,300 crores and a total capacity of 406 MTPA. Phase-2 includes 14 projects in which four subsidiaries will spend INR 3,400 crore for full size of 100.5 MTPA.
- Daifuku Co., Ltd. had completed its acquisition of India-based Vega Conveyors & Automation Private Limited on April 3, 2019. Vega engages in the consulting, design, manufacture, installation, and after-sales service of conveyors within its domestic Indian market. In recent years, the Indian economy's robust growth has brought a surge in need for automation within the manufacturing and logistics sectors. Generating synergy with Vega's development and manufacturing bases, Daifuku aims to expand its business in India by using its technology and expertise cultivated through global business development.

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This Global India Automated Material Handling (AMH) Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global India Automated Material Handling (AMH) market:

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