The material-handling market in India is expected to grow at a fast pace due to the factors such as high industrialization, growing investments in infrastructure development, and the growing e-commerce segment. Over the last few years, the market has been influenced by the technological changes, especially automation and robotics which have provided great improvement in the operations and less emphasis on human labor. These innovations are more important in handling large volumes of goods efficiently and effectively for the needs of sectors such as manufacturing, warehousing, and logistics. Some of the recent government policies such as Make in India and smart city projects have also fuelled the material-handling equipment market in India. Such measures have led to the expansion of capital investments in the development of new production facilities and distribution centers, which require sophisticated handling processes. Moreover, the concept of the Goods and Services Tax (GST) has enhanced the flow of goods across the country and thus, there is a need for efficient material handling systems.
The leading players in this market are some of the e-commerce giants. This has been due to their requirements for larger and hi-tech warehouses to cater for the increase in e-shopping. These systems are conveyors, AGVs, and palletization solutions that help the smooth running of operations in high throughput areas. Also, the increased use of cold chain logistics due to the pharmaceutical and food industries have added to the need for specific material handling equipment. This equipment needs to have precise temperature regulation and guarantee a safe and efficient transportation of perishable products.
In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few startups that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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