Market Trends of India Automated Material Handling (AMH) Industry
This section covers the major market trends shaping the India Automated Material Handling (AMH) Market according to our research experts:
Industry 4.0 Investments Driving the Demand for Automation and Material Handling is Expected to Drive Market
- Manufacturing's response to the COVID-19 crisis has increased investments in Industry 4.0, which will significantly boost the market's growth potential for manufacturing automation. Industrial enterprises will increasingly turn to automated assembly lines, real-time plant monitoring tools, and manufacturing data collection systems to manage their facilities with fewer employees.
- Additionally, the aircraft sector extensively uses robotic systems and other automated material-handling equipment. Because of the increased requirement for security and the ensuing adoption of strict criteria for achieving it, automated baggage handling systems are becoming more common in airports.
- The automotive sector has been growing its investments in material handling, mainly consisting of automated equipment like robots used for spot welding and associated operations. Players in the food and beverage business are employing automated systems more frequently for various manufacturing, packaging, and distribution processes in the area.
- Moreover, in November last year, Honeywell International Inc. announced a new automated storage and retrieval system that uses artificial intelligence and machine learning to allow warehouse and distribution center operators to better keep up with unprecedented e-commerce growth.
- In contrast, material-handling robots can feed, transport, or detach tools and components from one place or a machine to another. Robotics now has a wider range of uses in packaging since they can work continuously without getting tired.
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Retail/Warehouse/Logistics Center is Expected to Hold Significant Share
- E-commerce is predicted to be fueled by digitization, and this will increase demand for AMH. To remain competitive and reduce the expenses associated with prolonged storage, warehouses and distribution centers are choosing automation due to the rise in supermarkets and hypermarkets in Indian cities and the rising cost of real estate in urban areas.
- The Indian retail industry has developed into one of the most dynamic and fast-paced sectors due to several new players' entries. 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 retail space. According to IBEF, the Indian e-commerce market is expected to grow to USD 200 billion by 2026.
- India has an estimated USD 162 million MT of Agri warehousing, reefer van facilities, cold storage, etc. NABARD will take exercises to map and geo-tag them. Besides, the Government proposed to create warehousing in line with the Warehouse Development and Regulatory Authority (WDRA) norms.
- Further, Automated guided vehicles (AVGs), forklifts, order pickers, walkie-rider pallet jacks, and other related powered warehouse equipment are typically used in various product movements. The critical design factors to consider are floor levelness and flatness, power, and floor loading. Such equipment has a significant demand trend in the logistics centers in India.
