Top Material Handling Equipment suppliers, namely KION India, Jungheinrich India, Hyundai, Godrej, ACE, and ElectroMech-Yale are providing end-to-end Intra-Logistics Solutions and gearing up to meet the anticipated increase in demand with more technologically advanced and eco-friendly products.

Forklift Industry Lifting Up
The growth in sectors like e-commerce, retail, manufacturing, warehousing and logistics has bolstered demand for forklift trucks in the material handling sector. The demand for forklifts is also being driven by industries in the infrastructure sector, which includes steel, cement, electrical cables, tiles, wood, brick & blocks and other items that go into an infra project. Scarcity of labour and realization of mechanized handling to improve throughput and reduce dependence of labour, post Covid, is also driving the demand for forklift trucks in the SME sector.

According to ‘India Forklift Market Outlook, 2022’, light duty forklifts with the load capacity of 1 ton to 3 ton are dominating the sales volume as there are many SME companies operating in the country. However, a trend of medium duty forklifts (4 to 8 tons) and considerable growth in the heavy-duty forklifts (of 10 ton and above capacity) is also anticipated over the next few years, due to an increase in import/export activities and exponential growth in ICDs.

The growing market of forklift trucks in India is attracting many foreign OEMs, who are setting up base here and bringing more technologically advanced products, designed to be more efficient, reliable, service-friendly, with greater operator comfort and safety - thereby yielding higher productivity for the buyers.

Despite the sharp fall during the lockdown, India’s forklift industry has revived sharply this fiscal and is at the same level as 2019-20. It is expected that the industry will continue to grow at CAGR of 12-15% over the next 3 years. Interestingly, the market is gradually moving towards greener technology with products like battery-operated electric forklifts, which held 42% market share in 2019. There is expected to be more demand due to the increased focus on protecting environment, rising cost of diesel, more emission compliance in the industry, and the growing awareness about the advantages of electric forklifts.

Another reason for the growing acceptance of battery powered forklifts is the rapid advancements in its technologies like AC drive motor technology, Li-ion Battery technology etc. The latest AC technology is overtaking the DC technology due to its benefits such as higher efficiency, zero pollution and lower maintenance. This has brought the performance characteristics of battery powered forklifts closer to diesel forklifts.

The rental market for forklifts is also growing. Though this segment is dominated by unorganised players, the scenario is now changing with many OEMs providing complete solutions to the industry, including rental services.

The Material Handling Equipment industry of India is, no doubt, faced with opportunities for growth as well as challenges to deal with increasing competition in the market from both national and international brands. But the top players in this sector are optimistic of continued growth in the coming years and are geared up to meet demand.

Jungheinrich India Investing, Upgrading & Expanding

Jungheinrich India Investing, Upgrading & Expanding

We are very optimistic and bullish about the market in 2021 and expect the market volume for MHEs to have a very robust growth over that of 2020.
 
Action Construction Equipment - Meeting Customer Requirements

Action Construction Equipment - Meeting Customer Requirements

With modernisation of the logistic sector, expansion of warehousing and logistic hubs across the country, and growing e-commerce, we expect at least 20% growth
 
Hyundai Closer to Customers with Solutions & Services

Hyundai Closer to Customers with Solutions & Services

We are expecting a double digit y-o-y growth of 18-20% this year, when the market is expected to cross 13000 units, led by demand from FMCG Warehousing, Rentals, and
 
Godrej Material Handling Future-Ready With Predictive Solutions

Godrej Material Handling Future-Ready With Predictive Solutions

There is a perceptible shift towards products with cleaner, greener and smarter technology in the warehouse equipment segment. Data for FY21 shows that electric powered equipment
 
KION India Offering Complete Customized MHE Solutions

KION India Offering Complete Customized MHE Solutions

“With focus on environment and sustainability, electric material handling equipment is being more widely accepted. Battery-operated electric forklifts and pallet trucks will become
 
ElectroMech-YALE - Taking Forward its ‘Cranes & Beyond’ Strategy

ElectroMech-YALE - Taking Forward its ‘Cranes & Beyond’ Strategy

ElectroMech is getting involved with material handling equipment beyond industrial overhead cranes. We have added Yale forklifts from Hyster Yale Group (USA) to our portfolio
A recent report of ICRA states that the Indian logistics sector is projected to record a growth of 7-9% in the current fiscal; however, the industry players' margins are likely to remain sensitive to risks like the rise in oil and commodity

Read more ...

Ashok Goyal, MD, BLR Logistiks, discusses the Indian logistics industry’s progress from a manual to an automated industry due to the increasing use of technology to drive efficiencies, reduce delays and accidents by eliminating

Read more ...

With over 35 years of experience, Tara Chand Logistic Solutions is today positioned amongst the leading infrastructure development service providers in India. Himanshu Aggarwal, Director, Tara Chand Logistic Solutions, discusses the company’s

Read more ...

Deepak Vig, COO, Barkat Cranes and Equipments, shares his views on what’s driving demand and competitiveness in the market for cranes, and gives information on his company’s capabilities in executing mega infra projects with their wide fleet

Read more ...

Kunal Gala, Director, shares his views on the growing influence of Chinese OEMs in the Indian market, and expresses the need for standardization and IoT to bring more transparency and efficiency in equipment management

Read more ...

Akshat Gala, Cheif Marketing Officer, Metro Groups, discusses the growing demand across industries for lifting heavier cargo, and the company’s aim to become a one-stop solution provider for all logistic requirements

Read more ...

Anshul Singhal, Managing Director, Welspun One Logistics Park, shares his views on the growing warehousing industry where technology is bringing greater efficiencies, and hails the Government’s Gati Shakti and the National Logistics

Read more ...

Sanket Sheth, Founder & Managing Director, ElixiaTech, is deploying technology to help reduce wastage of fuel, manpower, paper, time, and money, and in managing everything in the logistics sector - from fleet to material

Read more ...

Gaurav Bhushan, Founder, explains how EQUIP9™ - the first global start-up in the heavy equipment and material handling industry - will connect every entity in this industry by end-2023 and thereby simplify the complex construction business

Read more ...

Aditya Kale, Founder & CEO, Airattix, aims to bring together storage spaces across India and make them visible and accessible using a single portal. How are storage spaces across various industries and regions being utilized

Read more ...

Oomkar Kulkarnie, Head – Product and Technology, 1Pay, explains the concept of FASTag for making fuel and parking payments and regulating them pan India along with seamless dispute resolution features, and the 1Pay neo-banking platform

Read more ...

Hall Trucking Inc. is a Heavy Haul Trucking & Crane Service company located in Evansville, Wyoming. The company was one of the first to purchase Goldhofer’s new Highway Trailer P12 Plus in 2021. Available with one or two intermediate bogies

Read more ...

PT LV Logistics has set a new domestic record for the Indonesian heavy haul industry with the delivery of RFCC plant components to the Balikpapan refinery in East Kalimantan. The main actors included three Goldhofer PST/SL

Read more ...

After months of precision planning and engineering, Jumbo Shipping, now part of Jumbo-SAL-Alliance, has carried out the tailor-made transportation of offshore platform modules including living quarters module, helideck, and flare boom for client Kiewit Offshore Services

Read more ...

Lift and Shift India, a leading heavy-lift hauler and project logistics company, operating over 7 decades, continues its record-breaking streak in 2021, despite the Covid-19 restrictions. The company transported 3 LC Max Reactors

Read more ...

SCHEUERLE’s low-bed semi-trailers come with larger and new 285/70 R19.5 tyres that facilitate higher axle loads such as those requested by customers in Great Britain and all Scandinavian countries. The previous axle load using

Read more ...

Volvo Trucks India, a division of VE Commercial Vehicles (VECV), has launched 6 new trucks from the FM & FMX heavy-duty range. They come loaded with features to boost productivity, improve safety, and enhance driver comfort

Read more ...

Lift and Shift India Pvt. Ltd (LSPL), a leading heavy-lift operator and project logistics company, achieved a record-breaking milestone by handling the heaviest single Module weighing 4532 MT for

Read more ...

Jignesh Patel, Director- Projects, Nabros Transport, discusses the company’s capabilities in handling complex infra development projects, ably supported by tech-driven innovations, automation

Read more ...

Edwards Moving & Rigging was awarded the contract to transport two turbines and generators weighing 698,865lbs – 947,988lbs (317 t - 430 t) in Fort Lauderdale to a power plant about 12 miles

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.