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Transforming Logistics
The India material handling equipment market is poised for significant growth, with expectations to reach substantial market size by 2027.
Booming Demand
Industrial cranes are witnessing a soaring demand as they play a crucial role in various sectors, from construction to logistics, contributing to India's infrastructural growth.
There is a lot of pent-up demand in market that needs to be catered to
Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems (India), elaborates on the company鈥檚 activities and the market trends post pandemic scenario.
Industrial Cranes: Looking for a Turnaround
Industrial crane market is back to pre-pandemic levels thanks to pent-up demand. An analysis of where the opportunities lie.
We see strong growth in infrastructure industry
As one of Asia's biggest material handling solution providing company, ElectroMech is present in more than 55 countries across the world. Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems (India) Pvt Ltd shares more on the company and the industrial cranes market.
On growth track
Industrial cranes are mainly used in the manufacturing sector to handle loads. The major manufacturing sectors include, steel, paper, automobile, and all engineering product manufacturing.
Growth | The Way Forward
Industrial cranes are the backbone of manufacturing, infrastructure and construction in the country. In light of economy revival and Make-in-India drive in the country, the market for this equipment is expected to grow many fold in the coming decade.
Lifting Solutions
The future trend in material handling systems will be towards lighter, higher-efficiency equipment. The power consumption, material of construction, operating noise levels and eco-friendly features of this equipment will play a big role while introducing
The Show is ON
The market sentiments are right; the government is taking right decisions for growth and development; and the construction equipment sector is sure to face a turnaround.
Annual demand for industrial cranes should touch 12,000 by 2015
Growth in various sectors such as power, infrastructure, construction and heavy engineering will drive the growth of the Indian cranes industry, says Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems.