India Material Handling Equipment Market Size & Outlook
Global Market
Related Markets
India material handling equipment market highlights
- The India material handling equipment market generated a revenue of USD 10,090.7 million in 2025 and is expected to reach USD 18,052.1 million by 2033.
- The India market is expected to grow at a CAGR of 7.6% from 2026 to 2033.
- In terms of segment, cranes & lifting equipment was the largest revenue generating product in 2025.
- Racking & storage equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Material handling equipment market data book summary
| Market revenue in 2025 | USD 10,090.7 million |
| Market revenue in 2033 | USD 18,052.1 million |
| Growth rate | 7.6% (CAGR from 2026 to 2033) |
| Largest segment | Cranes & lifting equipment |
| Fastest growing segment | Racking & storage equipment |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranes & Lifting Equipment, Industrial trucks, Continuous handling equipment, Racking & storage equipment |
| Key market players worldwide | Daifuku Co Ltd, Honeywell International Inc, KION GROUP AG, Murata Manufacturing Co Ltd, SSI Schaefer Systems International North America, Swisslog, Toyota Industries Corp, BEUMER Group, Interlake Mecalux, Vanderlande |
Other key industry trends
- In terms of revenue, India accounted for 3.8% of the global material handling equipment market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China material handling equipment market is projected to lead the regional market in terms of revenue in 2033.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,242.0 million by 2033.
According to the IMF World Economic Outlook, the GDP growth rate of India dropped to 8.9% in 2021 which can be attributed to the vicious cycle of weak demand and declining investments. The growing urbanization, industrialization, and modernization in India in the coming years are projected to trigger the demand for automated solutions across several end-use industries, such as automotive, food & beverage, pharmaceutical, and chemical industries, thereby driving the growth of the material handling equipment market.
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Material Handling Equipment Market Scope
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Murata Manufacturing Co Ltd | View profile | 73,828 | No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, Japan, 617-8555 | www.murata.co.jp |
| KION GROUP AG | View profile | 42,325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | www.kiongroup.com |
| Daifuku Co Ltd | View profile | 13,020 | 3-2-11, Mitejima, Nishiyodogawa-ku,, Osaka, Japan, 555-0012 | www.daifuku.co.jp |
| Toyota Industries Corp | View profile | 89,245 | 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan, 448-8671 | www.toyota-industries.com |
| SSI Schaefer Systems International North America | View profile | 10001+ | Thane, Maharashtra, India, Asia | ssi-schaefer.us |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | swisslog.com |
| BEUMER Group | View profile | 5001-10000 | Beckum, Nordrhein-Westfalen, Germany, Europe | www.beumergroup.com |
| Interlake Mecalux | View profile | 501-1000 | Chicago, Illinois, United States, North America | www.interlakemecalux.com/ |
| Vanderlande | View profile | 1001-5000 | Veghel, Noord-Brabant, The Netherlands, Europe | www.vanderlande.com |
India Material Handling Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Material Handling Equipment Market Outlook will help companies and investors design strategic landscapes.
Cranes & Lifting Equipment was the largest segment with a revenue share of 38.76% in 2025.
Horizon Databook has segmented the India material handling equipment market based on cranes & lifting equipment, industrial trucks, continuous handling equipment, racking & storage equipment covering the revenue growth of each sub-segment from 2021 to 2033.
According to the IMF World Economic Outlook, the GDP growth rate of India dropped to 8.9% in 2021 which can be attributed to the vicious cycle of weak demand and declining investments. The growing urbanization, industrialization, and modernization in India in the coming years are projected to trigger the demand for automated solutions across several end-use industries, such as automotive, food & beverage, pharmaceutical, and chemical industries, thereby driving the growth of the material handling equipment market.
- India Material Handling Equipment Market Product Outlook (Revenue, USD Million , 2021-2033)
- Cranes & Lifting Equipment
- Industrial trucks
- Continuous handling equipment
- Racking & storage equipment
- India Material Handling Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Automotive
- Food & Beverages
- Chemical
- Semiconductor & Electronics
- E-Commerce
- Aviation
- Pharmaceutical
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Material Handling Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Material Handling Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Material Handling Equipment Market, 2021-2033 (US$M)
India material handling equipment market statistics, by product, 2021-2033 (US$M)
