India Material Handling Equipment Market Growth, Size, and Trends Forecast 2025-2033

MARKET OVERVIEW

The India Material Handling Equipment Market reached a size of USD 10.57 Billion in 2024 and is projected to grow to USD 22.48 Billion by 2033. This represents a CAGR of 8.08% over the forecast period of 2025-2033. Growth is driven by rapid industrialization, expanding manufacturing activities, government initiatives such as the Production-Linked Incentive (PLI) scheme, rising e-commerce logistics, and increasing infrastructure development, which are boosting demand for advanced automation and technologically sophisticated material handling systems across industries.

STUDY ASSUMPTION YEARS
➤ Base Year: 2024
➤ Historical Year/Period: 2019-2024
➤ Forecast Year/Period: 2025-2033

INDIA MATERIAL HANDLING EQUIPMENT MARKET KEY TAKEAWAYS
➤ Current Market Size: USD 10.57 Billion (2024)
➤ CAGR: 8.08% (2025-2033)
➤ Forecast Period: 2025-2033
➤ The manufacturing sector surge led by industries like basic metals, petroleum products, pharmaceuticals, and automobiles significantly impacts demand for material handling equipment.
➤ Government initiatives such as the PLI scheme encourage demand by promoting manufacturing excellence and capacity expansion.
➤ Digital transformation with IoT, AI, and smart automation improves equipment utilization and lowers operational costs.
➤ Sustainability efforts are driving adoption of electric and energy-efficient equipment amidst tightened regulations.
➤ Emerging logistics and warehousing needs from e-commerce expansion contribute substantially to market growth.

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MARKET TRENDS
The expansion of the manufacturing sector forms the backbone of India's economy and has a direct influence on the demand for material handling equipment. According to the Annual Survey of Industries (ASI) 2021-22, the Gross Value Added (GVA) in manufacturing increased by 26.6% compared to the prior year. Key sectors contributing approximately 56% to the GVA include basic metals, refined petroleum products, pharmaceuticals, automobiles, food products, and chemicals. This robust growth necessitates effective handling solutions to manage increased production, reduce operational time, and facilitate timely deliveries, thereby augmenting market size. Small and medium-sized enterprises (SMEs), as well as mid-sized producers in the machine tool industry with turnovers of INR 300-500 crores, highlight the growing demand for advanced equipment to stay competitive and efficient.

Infrastructure development and government support significantly boost the market. Tremendous investments in transportation, logistics, and manufacturing facilities have made infrastructure development a government priority, creating demand for material handling equipment for construction and facility use. The capital goods industry benefits from production-linked incentive (PLI) programs that enhance manufacturing competitiveness and capacity, indirectly raising capital goods demand. Heavy electrical and power equipment, earthmoving and mining equipment, and process plant equipment together account for 85% of India's capital goods exports, reflecting sector strength. A positive Index of Industrial Production (IIP) from the Ministry of Commerce and Industry indicates heightened industrial activity, escalating demand for handling solutions to manage goods movement within facilities.

The industry is undergoing a transformation driven by digital technologies and smart automation integration. Incorporation of IoT sensors, artificial intelligence (AI), and machine learning (ML) enables streamlined operations, enhanced equipment utilization, and reduction in unplanned downtime. Real-time performance monitoring, predictive maintenance, and data-driven decision-making lead to improved productivity and reduced costs. The rise of internet-of-things-enabled warehouses with connected forklifts, conveyors, and robotic cells automates logistics processes. AI analytics provide insights into inventory management, demand forecasting, and energy consumption. Accelerated adoption in e-commerce, automotive, and manufacturing sectors aligns with India's progression toward Industry 4.0, where digital transformation and intelligent automation underpin scalability and operational excellence.

MARKET GROWTH FACTORS
The rapid growth of India's manufacturing sector propels demand for advanced material handling equipment. Supported by government schemes like the Production-Linked Incentive (PLI), this sector's expansion drives increased equipment requirements to handle production volumes efficiently. Rising e-commerce activities further stimulate demand, emphasizing the need for technologically enhanced and automated handling systems to cope with increased logistics and warehousing complexity.

Infrastructure development projects throughout India create substantial growth opportunities for equipment manufacturers. Investments in upgrading transport, logistics, and manufacturing infrastructure increase the need for modern material handling equipment to enable construction activities and operational efficiency in new facilities. These developments foster an environment of growth across multiple industries thereby expanding material handling equipment uptake.

Automation and technological upgrades in industrial operations speed up market expansion. The shift toward smart automation, encompassing IoT, AI, and ML, enables improved operational efficiencies, predictive maintenance, and reduced downtimes, enhancing equipment performance and profitability. This digital transition is vital for manufacturers aiming for competitiveness in the evolving industrial landscape, fueling demand for sophisticated material handling solutions.

MARKET SEGMENTATION

Product Insights:
➤ Cranes and Lifting Equipment: Encompasses equipment designed for lifting and transporting heavy loads vertically and horizontally across industrial settings.
➤ Industrial Trucks: Vehicles such as forklifts used for moving materials within warehouses, factories, and logistics centers.
➤ Continuous Handling Equipment: Automated machinery including conveyors and sorters for continuous movement of materials within production and distribution facilities.
➤ Racking and Storage Equipment: Solutions designed to optimize storage space, including shelving, pallet racks, and automated storage systems.

Application Insights:
➤ Automotive: Equipment tailored for automotive manufacturing and logistics processes.
➤ Food and Beverages: Material handling solutions compliant with safety and hygiene standards required in food processing and distribution.
➤ Chemical: Equipment designed to safely handle chemicals and related hazardous materials.
➤ Semiconductor and Electronics: Precision handling systems for delicate electronics manufacturing and assembly.
➤ E-Commerce: Technologies supporting rapid order fulfillment, warehousing, and logistics in online retail.
➤ Aviation: Handling equipment used in airport operations and aircraft maintenance.
➤ Pharmaceutical: Specialized solutions ensuring compliance with hygiene and safety in pharmaceutical production and logistics.
➤ Others: Encompasses additional industries using material handling equipment not categorized above.

REGIONAL INSIGHTS
The report covers major regional markets including North India, South India, East India, and West India. Specific dominant region statistics such as market share or CAGR per region are not explicitly provided in the source. The segmentation by region allows stakeholders to understand geographical market dynamics comprehensively.

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RECENT DEVELOPMENTS & NEWS
➤ July 2025: SILA launched its Material Handling Equipment (MHE) Rental Solutions business in partnership with Nilkamal. This initiative supports manufacturing and warehousing sectors by introducing an all-electric fleet of forklifts and specialized rental equipment leveraging SILA's technology-driven approach and Nilkamal's manufacturing and distribution expertise.
➤ December 2024: Action Construction Equipment (ACE) introduced the BS-V AX124 Backhoe Loader among seven innovative products focusing on advanced technology and efficiency, enhancing domestic manufacturing and supporting infrastructure projects, thereby boosting productivity and operational efficiency in material handling.
➤ December 2024: TIL launched the Snorkel A62JRT boom lift at Bauma Conexpo India 2024, featuring advanced aerial work platform technology, reflecting the demand for productive and safe solutions in construction and industrial material handling operations.

KEY PLAYERS
➤ SILA
➤ Nilkamal
➤ Action Construction Equipment (ACE)
➤ TIL
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