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MHE in India: What drives the sector
There is high growth potential in material handling industry in India considering the pipeline of opportunities in construction and infrastructures sectors.
The recent MHE market demand is on the uptrend”
Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.
Our products are designed with no-contact features
In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company’s plans.
Handling It Safe
In spite of the current slowdown in the material handling equipment market due to the COVID-19 pandemic, the market is expected to bounce back soon with new practices of safer handling in warehousing operations.
KION india opens new facility in Pune
Supporting the government's Make in India initiative, KION opened India's largest material handling equipment facility in Pune
Setting New Benchmark
Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.
New Growth Avenues
Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.
Palletisation can bring in higher throughput and desired efficiency
The estimated market size of the total Indian logistics market is to the tune of $200 billion and it generates employment for close to 50 million people in our country.
Material Handling: Meteoric Rise
Modern warehousing and inter modal logistics industry initiatives in India, have redefined how business is conducted in the country in most industry sectors as well as its geographic regions.
Learn and Earn
KION India has introduced the Social Innovation Scheme in collaboration with Yashaswi Institute of Technology (YIT) as a Corporate Social Responsibility initiative. Details on this Earn while Learn initiative...
Emerging Trends
Introduction of GST, more focus on palletisation, and expected opening up of retail segment are expected to boost the demand for forklifts.