“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 y-o-y in this segment”

Chetan Gole, CEO, Forklifts, ACE
Chetan Gole, CEO, Forklifts, ACE

Growth Drivers
The current market size of counter balanced forklifts in India is about 7000 units. We have seen a surge in demand post- Covid, due to realisation of mechanised handling to improve throughput and reduce dependence on labour. Modernisation of the logistic sector, spread of warehousing and logistic hubs across country, E-commerce and awareness of touchless handling are the main growth drivers of forklift and MHE demand. We presume at least 20% growth y-o-y in this segment.

Opportunities & Challenges
The pandemic has hurt the industry very badly; the entire supply chain has been disrupted and is still recovering. The second wave of the Covid further stalled and delayed the recovery, however, the government’s focus on infrastructure growth and development will drive the demand for basic raw materials like steel, cement, etc. and will bring the growth across industries.

The challenge is to set right our supply chain systems in order to meet the demand which is growing due to pent up requirements. This will also bring about development of new technologies, and many sectors and industry segments will strive to become ‘atmanirbhar’ by developing alternatives to imports and by augmenting their capacities to meet increased demand. So, we expect to see a lot of positive changes in the market in the coming times.

Shifting from Diesel to Electric Forklifts
Due to International drive and domestic commitment to green technology, the electrical forklift sector has seen a huge demand and resultant advancements in technology. Till now, due to technology constraints, only low capacity warehouse applications and in-house industry applications were using electrical forklifts.

New technology advancements allow use of electric forklifts for even heavy-duty applications, besides all-weather applications and even three shift continuous applications. The AC drive motor technology, Li-ion battery technology, fast charging technologies, waterproof components etc. have made the technology more versatile and user-friendly for varied applications, so much so that almost all diesel forklift applications can be replaced by electrical forklifts. So, the future is definitely electric forklifts.

Doosan Electric Forklifts

Demand for Heavy Duty Forklifts
Currently, forklifts up to 3-ton capacity comprise a major 75% of the market; the 5-ton forklift truck comprises 5 to 7%, while the heavy- duty forklift trucks (more than 6 ton) comprise about 2% of the market. However, we are seeing the market move towards more heavy-duty forklifts, in particular, the 5-ton.

Increasing import/export, port activities, shipping and steel industries will bring about a demand for the heavy-duty forklift segment, though it will not be considerable in terms of number.

Doosan Forklifts

Meeting Competition
The Indian MHE industry is growing and its potential has attracted international players like Toyota, Hyundai, Jungheinrich, Kion (OM, Linde, Fenvik, Still), Doosan, Hyster and many Chinese leading companies are also trying to enter this segment.

ACE is 100% ‘swadeshi’ - an Indian grown company that fully understands customer behaviour and expectations. We have a network of 14 company-owned offices and more than 100 dealers across India. We are in close proximity to our customers so they can be assured of our services and support 24x7.

All our products are indigenously developed with the contemporary technology and are priced competitively. Our cranes have more than 65% market share. We are proud to be recognised as a most dependable company for construction equipment and material handling equipment in India.

Forklift Trucks"Serving the Nation"

ACE Material Handling Solutions
Our material handling range includes an elaborate range of Electric forklifts (1.5T-8T capacity), Li-ion forklifts (up to 3T capacity), Diesel forklifts (1.5T to 35T ), LPG forklifts (3T), Warehousing equipment (manual pallet trucks, stackers, battery powered pallet trucks, reach stackers & trucks, narrow aisle equipment, dock levelers, mobile dock ramps, aerial work platforms, etc.

We also offer specialised attachments on our forklifts for specific applications like paper rolls, bales, shovels, rams, drop bottom dumpers, rotators, and brick block handling attachments. We have an in-house design and engineering team to develop speciallised equipment/attachments for special applications. We will soon be launching our articulated forklifts for narrow aisle applications and Industrial cleaning equipment.

Safety Features
Different equipment requires different safety features. At ACE, we are committed to offer safe equipment, including safety for our operators and co-workers.

Safety features in our equipment include neutral position in transmission, flow control valve/hose burst valve, inching control pedal, operator presence system, reverse alarm, rotating beacon light, blue safety light, red zone operating light, anti-collision sensor, safe load indicator, reverse camera, fork position camera with operator display, speed control through programming, fault diagnostics in display etc.

India’s Rental Market
The rental market in India has been on a growth trajectory for the last couple of years and is set to grow further as most of the industry considers offloading their material handling to rental companies in order to control their manpower and capital requirements.

For many logistic companies having their base at different locations, it is easier for them to give material handling contracts to rental companies, as managing equipment fleet and manpower at remote locations is both impractical and difficult. Technology advancements like telematics has made the monitoring and control of remote fleet of equipment easier for organised rental companies.

Many national/international OEMs have also ventured into this business as deploying their own fleet and maintaining them through their well spread network is easier for them. International OEM companies are also pumping in their used/second-hand equipment brought in from European countries and the Middle East to further bring down rental costs.

Growth Plans
Currently, our focus is on increasing penetration and adding the missing products in our portfolio. We are also focusing on exports.

Our tie-up with Doosan will help us gain additional market share in the premium segment. We are also looking at adding products for the warehousing segment. Our aim is to grow at 25% CAGR for the next 4-5 years.

We have recently tied up with Doosan, Korea as their distributor for their range of Material Handling Equipment in India. With their up-market range of products, we intend to take a good market share of Premium Equipment segment dominated by European, American, Japanese & other Korean manufacturers.
Click Here
To Know More or to Contact the Manufacturer
Please let us know your name.
Invalid Input
Please let us know your Designation.
Please let us know your Contact Number.
Please let us know your email address.
Please brief your query.
Our other Value-Added Services:

To receive updates through e-mail on Products, New Technologies & Equipment, please select the Product Category(s) you are interested in and click 'Submit'. This will help you save time plus you will get the best price quotations from many manufacturers, which you can then evaluate and negotiate.

Invalid Input
Invalid Input
Invalid Input
Escorts Construction Equipment (ECE), launched NXT13DC CNG, India’s first Hybrid Pick-n-Carry Crane, with dual Fuel (Diesel & CNG) and RC2522, India’s first Mono Chassis Safe Crane with 25T lift capacity at Excon

Read more ...

Action Construction Equipment displayed its new higher capacity crawler, lattice boom crane and Backhoe loader at Excon along with its multi utility mobile cranes. The star attractions at ACE stand were its 49, 74 and 95 hp backhoe loaders

Read more ...

Potain showcased its new MCT 135 H8 tower crane at Excon that can lift maximum load of 8 tons at 15.3 meters working radius and a minimum of 1.5 tons at full 60m jib length. The MCT 205, 10-ton capacity crane with 60m jib length is finding encouraging

Read more ...

The newly launched GJJ passenger hoist has a cage length of 3.6 meters compared to the earlier 3.2 metres. It is designed to vertically transport materials like marble, granites, special windows, plywood, and other building materials. The CNC Stirrup Bender

Read more ...

The Government’s boost to infrastructure development with plans including Smart Cities, Affordable Housing, Tunnels & Bridges, etc, is fuelling the CE Industry for all kinds of equipment. Cranes are also likely to see demand escalate

Read more ...

Enerpac High Tonnage Cylinders for Heavy Lift in Harsh Environments. With increasing demand for heavier lifts in harsher environments, Enerpac has risen to the challenge with a new range of high tonnage cylinders. The cylinders offer outstanding durability

Read more ...

Franna® – a brand of Terex (leading manufacturer of pick and carry cranes), has appointed Alpha Services as its first authorized Franna distributor in India. With this new partnership, Franna will bring its Made in India cranes closer

Read more ...

The Aerial Work Platform market is buoyant with demand outpacing supply, despite the rising prices and increased competition from second-hand imports. However, manufacturers, undeterred by the challenging situation, are bringing newer and more advanced solutions

Read more ...

Meghraj Singh, President, Aerial Platform Association of India (APAOI) and MD Rentease, discusses the demand trends in the MEWP rental segment, and the need for better understanding of safety, price regularization, and standardization in the industry

Read more ...

SANY India has added yet another feather in its cap with the handover of the country’s first 800-ton crawler crane to client Dwarkesh Transport Corporation in Anand, Gujarat. The one-of-its-kind SANY SCC8000A is India's largest Crawler Crane

Read more ...

Two Comansa 21LC660 tower cranes are working on the construction of the cable-stayed bridge, which will join Cebu City and Mactan Island in the Philippines, a location replete with logistical challenges. Comansa tower cranes ensure that even the most complex bridge

Read more ...

Mammoet and Aertssen Machinery Services team up to install design elements of Infinity Bridge with millimeter precision. Built by BESIX Construct LLC, a Middle Eastern subsidiary of a Belgian company BESIX, the Infinity Bridge (formerly Al Shindagha bridge)

Read more ...

Enerpac Heavy Lifting Technology has successfully completed side-load stability testing of the SCJ-100 (Self-Locking Cube Jack) while performing a 4-point lift with a 400 metric ton load up to 3m at its factory in Hengelo (Netherlands). The SCJ-100 raises the bar for cube jack

Read more ...

Crawler crane manufacturers are expanding their product range and introducing advanced features for higher lifting capacity and greater safety, to meet demand coming from infra development projects across various sectors

Read more ...

With precise planning, close cooperation, custom engineering, and an innovative crawler crane solution, Mammoet removes bridge section in a confined city center in Vienna, safely, on-time, and with minimum disruption

Read more ...

A 25-ton 21CM550 tower crane is working on the construction of Anji Khad Bridge, the first cable-stayed railway bridge in India, which is 331 metres above the river. This is a historic project of the Indian Railways and is viewed

Read more ...

Enerpac has announced the new ML40 Mini Lift Gantry with 40-ton lifting capacity in all three lifting stages. Simple to set up, portable, and easy to use, it is the ideal solution for machinery movers, plant relocation services, and medical

Read more ...

From March through May 2021, Transportes Muciño performed a groundbreaking transport: on an extremely challenging route, two major components weighing 380 and 320 t, respectively, had to be moved from the port of Tampico to the power plant

Read more ...

Terex continues to strengthen its foothold in India’s Construction Equipment Market by bringing in new technologies, expanding its product portfolio, and entering new construction territories. Having marked its entry

Read more ...

Tower crane manufacturers are expanding their range with newer models and making them more cost-effective as cost of production rises and competition heats up. NBM&CW investigates.

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.