Material handling is crucial in optimizing your supply chain, from warehouses to factories. The material handling equipment industry and its growth is essential for OEMs. Industries like power, steel, cement, and sugar rely on the efficiency of the material handling equipment. According to Fortune Business Insights, the global market for material handling equipment is estimated to reach US$342.0 billion by 2030, growing from US$227.4 billion in 2023 at a CAGR of 6.0%. As there is an increasing number of material handling equipment companies leading from the front, choosing the right provider is important. But don’t worry. We have brought you a list of the leading material handling equipment companies delivering innovation and revolutionizing industries.
Top 10 Material Handling Equipment Companies
The top material handling equipment companies mentioned here offer a wide range of products ranging from automated storage to forklifts and conveyor systems to retrieval systems, cranes, and more.
1. Action Construction Equipment Ltd. (ACE)
Incorporated in 1995, ACE is an Indian material handling and construction equipment manufacturer. The company provides reliable and efficient equipment for various industries. Its products include mobile cranes, crawler cranes, pick and carry cranes, forklift trucks, and warehousing equipment.
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2. TIL Limited
This is another leading material handling equipment manufacturer in India. TIL offers rugged and versatile products and has been a valuable partner in India's infrastructure development since 1944. Its products include rough terrain cranes, truck cranes, industrial cranes, manitowoc crawler cranes, grove cranes, and more.
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3. Jay Equipment & Systems Pvt Ltd
Headquartered in Mumbai, Maharashtra, India, Jay Equipment & Systems Pvt Ltd is known for providing integrated solutions comprising design concepts to commissioning. Its products include lift trucks, dock levellers, scissor lifts and aerial platforms, goods lifts and lifting platforms, and special-purpose equipment, among others.
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Committed to providing total material handling solutions, Toyota Material Handling has strong relationships with automation technology companies. It offers a range of warehouse material handling and industrial lift equipment. It also offers logistics automation and advanced solutions for efficient operations.
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One of the largest manufacturers of forklift trucks and warehouse equipment is Linde Material Handling. It is a global provider of solutions for the on-site flow of materials. Linde manufactures vehicles and fleets designed precisely to the needs and demands of users in terms of transport, storage, picking, and stacking.
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Formerly EIE Group, CFAO Equipment SA is the partner of choice in the material handling industry. It offers a wide range of new and pre-owned, refurbished equipment with load test certificates and warranties. CFAO also provides exceptional support, quality service, and superior workmanship to optimize and seamless operations.
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7. SENNEBOGEN
It is one of the leading manufacturers with the largest range of machines in material handling and crane technology. SENNEBOGEN develops and builds material handlers, felling excavators, electric excavators, telehandlers, crawler cranes, telescopic cranes, demolition excavators, cable excavators and harbor cranes.
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Initially a state-owned company now transformed into a privately
owned company, Hangcha is a forklift truck solution provider. Its products include Lithium E-Trucks, E-Trucks, IC - Trucks, Pallet Trucks, Pallet Stackers, Reach Trucks, Order Pickers, Tow Tractors, Very Narrow Aisle Trucks, Rough Terrain Trucks, Aerial Platforms, Explosion Proof Forklift, and AGVs.
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9. Kempens Heftruckbedrijf (KHB)
Kempens offers rental, sales and service of forklifts, telehandlers, aerial work platforms and scissor lifts tailored to customers. With more than 35 years, the company offers high-quality equipment and products. Its product range includes both new and used machines, where the customer receives professional maintenance and services.
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10. Lift Power, Inc.
Headquartered in Jacksonville, Florida, United States, Lift Power, Inc. is a single-source provider of forklifts, warehouse optimization, operation automation, and industrial material handling equipment. Its products include versatile forklifts, maintenance and repair services, forklift parts, innovative warehouse solutions, and dock & door products that take your distribution center or warehouse to the next level of efficiency and productivity.
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Explore promising material handling equipment companies in India
Investments in core manufacturing sectors in India are driving the demand for material handling equipment products. The demand is also backed by the increased need for automation and shrinking timelines of infrastructure projects for material handling equipment, resulting in an upward trend.
The Indian material handling equipment sector is dominated by the manufacturing industry. As the Make in India initiative has boosted the growth of manufacturing, the material handling equipment market is forecast to witness attractive growth in manufacturing and consequently in logistics and distribution activities.
The exponential growth of the material handling equipment market has sparked the expectations of industrial clients for rapid innovation and productivity. There are various material handling startups and companies in India, some of which are as follows:
Why Material Handling?
With material handling equipment, manufacturers can improve efficiency while automating their processes that would require a lot of manual labor. This will significantly save their time and money.
Material handling equipment are used for
Some of the tools for these use cases include shelves, storage racks, mezzanines, forklifts, order pickers, pallet jacks, conveyors, hoppers, reclaimers, palletizers, automated guided vehicles, and warehouse robots.
Overall, material handling equipment is crucial in optimizing operations, lesening costs, improving safety, and enhancing customer satisfaction across various industries.
The Way Forward
With the increasing complexity of supply chain operations and the demand for efficiency and safety, the material handling equipment sector is likely to see significant growth. From manufacturing and logistics to retail and construction, material handling equipment companies are crucial in supporting industries worldwide. They bring in and deliver innovative solutions that streamline processes and boost productivity while ensuring the safe and efficient movement of materials.
As technology continues to advance, Industrial Automation believes that these companies will continue to play a pivotal role in driving efficiency, safety, and success across a wide spectrum of industries.
References
https://www.maximizemarketresearch.com/market-report/india-material-handling-equipment-market/29932/
https://www.linkedin.com/pulse/boost-efficiency-profits-discover-leading-io7zf/
https://rebstorage.com/articles-white-papers/what-is-material-handling/
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