Press release
India Automated Material Handling (AMH) Market 2022 Growth, Prominent Players: Daifuku India Private Limited, Space Magnum Equipment Pvt. Ltd
The India Automated Material Handling (AMH) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the India Automated Material Handling (AMH) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the India Automated Material Handling (AMH) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the India Automated Material Handling (AMH) market.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:
- 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.
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.
- Digitization is also expected to drive e-commerce. With an increase in the number of supermarkets and hypermarkets in cities and the rising real estate costs in urban regions, they are forcing the warehouses and distribution centers to opt for automation, stay competitive, and cut the costs incurred by prolonged storage. According to the IBEF, the Indian e-commerce market is expected to grow to USD 200 billion by 2026 from USD 38.5 billion as of 2017.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- India Automated Material Handling (AMH) Market Size & Analysis (2017 - 2027)
- Market Share Analysis of India Automated Material Handling (AMH) Market (%),2017 - 2027
- India Automated Material Handling (AMH) Market Share, By Brand
- India Automated Material Handling (AMH) Market Share, By Company
- India Automated Material Handling (AMH) Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies India Automated Material Handling (AMH) Market Value Analysis & Forecast
- Promising India Automated Material Handling (AMH) Development by Major Companies
- Detailed India Automated Material Handling (AMH) Portfolio of the Major Companies
- Major Deals in the India Automated Material Handling (AMH) Market
- Major Companies Analysis
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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 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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