With the steady growth in the Indian manufacturing industry, there has also been a steady rise in the number of warehouses and container freight stations which eventually calls for material handling equipments such as, forklifts, stackers and reach trucks. Currently, accounting for about 13 percent market share of the country's construction equipment industry, the Indian market for Materials Handling Equipment (MHE) has witnessed significant growth in the recent past.

With the rising demand of material handling equipments, the market is estimated to grow at a CAGR of 10 percent from 2016 through 2020. This growth is primarily driven by increasing investment in infrastructure development, growing penetration of advanced technologies, rising demand for increased automation, and safe working practices in the manufacturing space. Besides, as the global industry is heading towards Industry 4.0 and there are anticipated advancements in sectors like automotive, the material handling equipment sector will continue to flourish.

Though nascent and not as technologically advanced as its western counterparts, the sector is creating a huge buzz globally by virtue of its sheer potential for growth. Quite a few players have sensed opportunities in this segment. Taking note of it, in this edition of siliconIndia magazine we have featured a list of `10 Most Promising Material Handling Equipments Providers - 2019'. A carefully crafted list, it represents the names of the companies setting a niche with their top-notch services in this domain. I hope the listing helps you in your purpose and we achieve our mission.

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