(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 30, 2021, 06:31 /Comserve / -- India Automated Material Handling (AMH) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The India Automated Material Handling (AMH) Market is expected to register a CAGR of 6.86% over the forecast period from 2020 to 2025. An increase in infrastructure investment by the government and investments from industries, along with the 'Make in India' initiative, is expected to drive AMH systems' demand. The government of India aims to increase the manufacturing sector's share to the gross domestic product (GDP) to 25% by 2022, from 17% in 2018. Thus, manufacturers are likely to incorporate Industry 4.0 and other digital technologies to achieve this target. In India, the product consumption pattern is changing at a significant rate. The increasing middle-class population is likely to drive the need and demand for sortation systems to cater to the rising demand across the retail sector.
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- The Indian market is expected to be one of the world's largest aviation markets by 2026, enabling India's airports to be future-ready. Additionally, According to Civil Aviation Minister, India plans to construct 100 new airports with an investment of USD 60 billion in the next 10-15 years to make air travel more affordable. These factors boost the demand for AMH equipment in the country.
Key Market Trends
Automated Conveyor is Expected to Hold Significant Share
- Belt conveyor is mainly used to transport solid material in a powdered form or bulk. Its primary application lies in connecting assembly lines to the final inspection and packing lines. It is the most widely used among the different types of conveyors, due to its versatility and cost-effectiveness. Process industries, such as construction and mining, use these conveyors to transfer raw materials from one unit to another rapidly. The equipment is used increasingly in the manufacturing of durable goods, such as automobiles, electrical and electronics, transportation equipment, and other machinery.
- Roller conveyors are the second-fastest growing, as well as the second-largest segment among conveyors. These are majorly used in e-commerce for light material handling. They are specifically designed for the rapid loading and unloading of vehicles and other open bodies with materials, such as rigid bulk packages and roller conveyors, which are the most preferred choice of conveyors. An increasing interest in sustainability, coupled with a robust economy and cost containment, has led to the demand for roller conveyors. Significant investments in the e-commerce industry, along with the application from the ever-growing internet-enabled consumers, are impacting the growth of roller conveyors in India.
Retail/Warehouse/Logistics Center is Expected to Hold Significant Share
- The Indian retail industry has developed into one of the most dynamic and fast-paced sectors due to several new players' entry. It accounts for over 10% of the country's GDP and around 8% of the employment ratio. India is the world's fifth-largest global destination in terms of retail space. The country is expected to become the world's fastest-growing e-commerce market, where e-commerce sales are expected to reach USD 120 billion by 2020.
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Furthermore, India's e-commerce market is expected to reach USD 220 billion, in terms of the gross merchandise value (GMV), and there are expected to be about 530 million shoppers, by 2025. In February 2019, the Indian Government released the Draft National E-Commerce Policy, which encourages FDI in the marketplace model of e-commerce.
- Digitization is also expected to drive e-commerce. With an increase in the number of supermarkets and hypermarkets in cities and the rising real estate costs in urban regions, they are forcing the warehouses and distribution centers to opt for automation, stay competitive, and cut the costs incurred by prolonged storage. According to the IBEF, the Indian e-commerce market is expected to grow to USD 200 billion by 2026 from USD 38.5 billion as of 2017. There is a rising demand for international brands and better-quality different products among digitally connected Indian shoppers owing to increasing income levels and awareness.
Competitive Landscape
The India Automated Material Handling (AMH) Market is quite competitive. It consists of significant individual players such as Daifuku India Private Limited, Godrej Consoveyo Logistics Automation Ltd, Kardex India Storage Solutions Private Limited, Armstrong Ltd., which is a moderately fragmented market. The companies in the market are increasing their market presence by introducing new products or by entering into strategic mergers and acquisitions.
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview – Trends and Emerging Technologies (Covers the impact due to COVID-19)
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Market Drivers
4.3.1 Investment Plans for E-Retailers, GST, Make-in-India etc.
4.4 Market Challenges
4.4.1 Harsh Operating Conditions and Availability of Cheap Labor
4.5 PESTLE Analysis
4.6 Evolution of Warehousing Industry in India
5 MARKET SEGMENTATION
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