siliconindia | | December 20194 siliconindia Vol 08 · Issue 5 - 14 · December, 2019 Publisher Alok Chaturvedi Special Editor Deepshikha Singh Editorial Team Aveek Pal Chaudhuri Tanuja A Akkannavar Rohan A T Sthitaprajnya Panigrahi Srrayvinya OLM Sujith Vasudevan VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Vimalraj M S SivasankarGroup Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran Perumal Ashwini D Naik Indranil Chakraborthy Sambit SatpathyWith 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.Your ideas are always welcome!Deepshikha SinghSpecial Editoreditor@siliconindia.comEditorialMaterial Handling, One of the Promising Sectors of New Economy
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