Market Forecast By Crane Type (Mobile Cranes, Crawler Cranes, Tower Cranes, Rough Terrain Cranes, Others (Floating, Loader, Gantry, etc.)), By Lifting Capacity (Up to 50 Ton, 51–150 Ton, 151–300 Ton, Above 300 Ton), By Application (Construction (Urban + Infra), Power & Energy, Oil & Gas, Industrial & Manufacturing, Mining, By Region (Northern, Western, Southern, Eastern), And Competitive Landscape
Product Code: ETC7541020 | Publication Date: Sep 2024 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 100 | No. of Figures: 21 | No. of Tables: 14 | |
The India crane rental market import shipment demonstrated a strong growth trend with a CAGR of 10.5% from 2020 to 2024. However, the growth momentum slowed significantly between 2023 and 2024, with a notable decline of 27.5%. Overall, the market exhibited expansion followed by a sharp deceleration in the specified periods.
India Crane Rental Market Report thoroughly covers the market By Crane Type, By Lifting Capacity, By Application, By Region. India Crane Rental Market Outlook report provides an unbiased and detailed analysis of the ongoing India Crane Rental Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The India crane rental market is on a strong long-term growth trajectory, driven by construction expansion and accelerated by infrastructure, energy, and logistics investments. By 2030, construction is projected to contribute to the massive increase in the GDP growth, underpinned by sustained public and private funding, technological upgrades, and a robust pipeline of large-scale projects.
Despite favourable fundamentals, 2024 marked a temporary dip as general elections slowed both government and private capex, delaying project execution. Intensifying competition and market fragmentation added pricing pressures. This disruption is expected to be short-lived, with demand set to rebound from 2025 under renewed policy continuity.
According to 6Wresearch, the India Crane Rental Market is expected to grow at a CAGR of 6.7% during 2025E-2031F, supported by urbanisation, industrial expansion, and large-scale infrastructure investments. With energy, logistics, and real estate acting as growth multipliers, crane rentals will remain integral to India’s development agenda. Mobile cranes dominate due to versatility, cost-effectiveness, and ability to operate across varied terrains. Their mobility and quick setup make them the preferred choice for infrastructure, industrial, and real estate projects.
Mobile cranes are expected to witness the highest growth in the coming years in India’s crane rental market owing to their versatility, ease of mobility, and quick setup, making them ideal for highways, metros, urban construction, and industrial projects. Their ability to serve multiple sectors with cost efficiency positions them as the most in-demand crane type as infrastructure and urban development accelerate.
The 51–150 ton segment is expected to record the highest growth in India’s crane rental market as it offers the optimal balance of lifting capacity, cost, and flexibility, making it the preferred choice for metro rail projects, highways, industrial plants, and mid- to large-scale construction. Its versatility across both infrastructure and industrial applications positions it as the most demanded capacity range in forthcoming years.
Construction is expected to witness the highest growth in India’s crane rental market by application as rapid urbanization, housing demand, and large-scale infrastructure projects such as metros, highways, airports, and smart cities continue to expand. The scale, frequency, and time-bound nature of these projects drive sustained reliance on crane rentals for cost efficiency and operational flexibility.
The western region is expected to lead growth in India’s crane rental market due to its concentration of mega infrastructure projects, industrial hubs, and port developments. States like Maharashtra and Gujarat host metro rail, expressways, refineries, manufacturing clusters, and major ports, creating continuous demand for cranes across construction, energy, logistics, and industrial applications.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Methodology |
2.5 Assumptions |
3. India Crane Rental Market Overview |
3.1 India Crane Rental Market Revenues, 2021 – 2031F |
3.2 India Crane Rental Market Industry Life Cycle |
3.3 India Crane Rental Market Porter’s Five Forces |
4. India Crane Rental Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. India Crane Rental Market Trends |
6. India Crane Rental Market Overview, By Crane Type |
6.1 India Crane Rental Market Revenues and Revenue Share, By Crane Type, 2024 & 2031F |
6.1.1 India Crane Rental Market Revenues, By Mobile Cranes, 2021-2031F |
6.1.2 India Crane Rental Market Revenues, By Crawler Cranes, 2021-2031F |
6.1.3 India Crane Rental Market Revenues, By Tower Cranes, 2021-2031F |
6.1.4 India Crane Rental Market Revenues, By Rough Terrain Cranes, 2021-2031F |
6.1.5 India Crane Rental Market Revenues, By Others (Floating, Loader Cranes, etc.), 2021-2031F |
7. India Crane Rental Market Overview, By Lifting Capacity |
7.1 India Crane Rental Market Revenues and Revenue Share, By Lifting Capacity, 2024 & 2031F |
7.1.1 India Crane Rental Market Revenues, By Up to 50 Ton, 2021-2031F |
7.1.2 India Crane Rental Market Revenues, By 51-150 Ton, 2021-2031F |
7.1.3 India Crane Rental Market Revenues, By 151-300 Ton, 2021-2031F |
7.1.4 India Crane Rental Market Revenues, By Above 300 Ton, 2021-2031F |
8. India Crane Rental Market Overview, By Application |
8.1 India Crane Rental Market Revenues and Revenue Share, By Application, 2024 & 2031F |
8.1.1 India Crane Rental Market Revenues, By Construction, 2021-2031F |
8.1.2 India Crane Rental Market Revenues, By Mining, 2021-2031F |
8.1.3 India Crane Rental Market Revenues, By Oil & Gas, 2021-2031F |
8.1.4 India Crane Rental Market Revenues, By Power & Energy, 2021-2031F |
8.1.5 India Crane Rental Market Revenues, By Industrial & Manufacturing, 2021-2031F |
8.1.6 India Crane Rental Market Revenues, By Others (Ports, Utility, Maintenance, etc.), 2021-2031F |
9. India Crane Rental Market Overview, By Regions |
9.1 India Crane Rental Market Revenues and Revenue Share, By Regions, 2024 & 2031F |
9.1.1 India Crane Rental Market Revenues, By Northern Region, 2021-2031F |
9.1.1.1 India Northern Region Crane Rental Market Revenues, By Uttar Pradesh, 2021-2031F |
9.1.1.2 India Northern Region Crane Rental Market Revenues, By Haryana, 2021-2031F |
9.1.1.3 India Northern Region Crane Rental Market Revenues, By Punjab, 2021-2031F |
9.1.1.4 India Northern Region Crane Rental Market Revenues, By Rajasthan, 2021-2031F |
9.1.1.5 India Northern Region Crane Rental Market Revenues, By Delhi, 2021-2031F |
9.1.1.6 India Northern Region Crane Rental Market Revenues, By Rest of North, 2021-2031F |
9.1.2 India Crane Rental Market Revenues, By Western Region, 2021-2031F |
9.1.2.1 India Western Region Crane Rental Market Revenues, By Maharashtra, 2021-2031F |
9.1.2.2 India Western Region Crane Rental Market Revenues, By Gujarat, 2021-2031F |
9.1.2.3 India Western Region Crane Rental Market Revenues, By Madhya Pradesh, 2021-2031F |
9.1.2.4 India Western Region Crane Rental Market Revenues, By Rest of West, 2021-2031F |
9.1.3 India Crane Rental Market Revenues, By Southern Region, 2021-2031F |
9.1.3.1 India Southern Region Crane Rental Market Revenues, By Tamil Nadu, 2021-2031F |
9.1.3.2 India Southern Region Crane Rental Market Revenues, By Karnataka, 2021-2031F |
9.1.3.3 India Southern Region Crane Rental Market Revenues, By Telangana, 2021-2031F |
9.1.3.4 India Southern Region Crane Rental Market Revenues, By Andhra Pradesh, 2021-2031F |
9.1.3.5 India Southern Region Crane Rental Market Revenues, By Kerala, 2021-2031F |
9.1.3.6 India Southern Region Crane Rental Market Revenues, By Rest of South, 2021-2031F |
9.1.4 India Crane Rental Market Revenues, By Eastern Region, 2021-2031F |
9.1.4.1 India Eastern Region Crane Rental Market Revenues, By West Bengal, 2021-2031F |
9.1.4.2 India Eastern Region Crane Rental Market Revenues, By Odisha, 2021-2031F |
9.1.4.3 India Eastern Region Crane Rental Market Revenues, By Jharkhand, 2021-2031F |
9.1.4.4 India Eastern Region Crane Rental Market Revenues, By Bihar, 2021-2031F |
10. India Crane Rental Market Key Performance Indicators |
11. India Crane Rental Market Pricing Analysis |
12. India Crane Rental Market List of Prominent State-Level Crane Rental Operators (Region Wise Top 5 States) |
13. India Crane Rental Market Opportunity Assessment |
13.1 India Crane Rental Market Opportunity Assessment, By Crane Type, 2031F |
13.2 India Crane Rental Market Opportunity Assessment, By Lifting Capacity, 2031F |
13.3 India Crane Rental Market Opportunity Assessment, By Application, 2031F |
13.4 India Crane Rental Market Opportunity Assessment, By Regions, 2031F |
14. India Crane Rental Market - Competitive Landscape |
14.1 India Crane Rental Market Revenue Share/Ranking, By Companies, 2024 |
14.2 India Crane Rental Market Competitive Benchmarking, By Technical and Operating Parameters |
15. Company Profiles |
15.1 Sanghvi Movers Limited |
15.2 Sarens Heavy Lift India Private Limited |
15.3 Shethia Erectors And Material Handlers Ltd. |
15.4 Barkat Cranes & Equipments Pvt. Ltd. |
15.5 Tara Chand Infralogistic Solutions Limited |
15.6 Amrik Singh & Sons Crane Services Pvt. Ltd. |
15.7 HEFT Cranes International Pvt. Ltd. |
15.8 AGGCON Equipments International Limited |
15.9 Express Equipment Rental & Logistics Pvt Ltd |
15.10 VMS Equipment Private Limited |
15.11 ACE Tower Crane Rentals |
16. Key Strategic Recommendation |
17. Disclaimer |
List of figures |
1. India Crane Rental Market Revenues, 2021-2031F (US$ Million) |
2. India Installed Power Capacity of Different Sources, June 2024, (In GW) |
3. India Total Energy Generation, FY20 – FY25, (BU) |
4. India Cargo Traffic at Major Ports, FY20 – FY25, (Million Tonnes) |
5. India Crane Rental Market Revenue Share, By Crane Type, 2024 & 2031F |
6. India Crane Rental Market Revenue Share, By Lifting Capacity, 2024 & 2031F |
7.India Crane Rental Market Revenue Share, By Application, 2024 & 2031F |
8. India Crane Rental Market Revenue Share, By Region, 2024 & 2031F |
9. India Crane Rental Market Revenue Share, By Northern Region, 2024 & 2031F |
10. India Crane Rental Market Revenue Share, By Western Region, 2024 & 2031F |
11. India Crane Rental Market Revenue Share, By Southern Region, 2024 & 2031F |
12. India Crane Rental Market Revenue Share, By Eastern Region, 2024 & 2031F |
13. India Residential Sector Market Size (₹ Thousand Billion) |
14. India Region-wise launches and Sales Trend of Residential Properties 2023 (In units) |
15. India Luxury and First-Class Hotel Projects, 2022-2025E (Units) |
16. India Expected Office Area Completion, By Cities, 2024-2025 |
17. India Crane Rental Market Opportunity Assessment, By Crane Type, 2031F |
18. India Crane Rental Market Opportunity Assessment, By Lifting Capacity, 2031F |
19. India Crane Rental Market Opportunity Assessment, By Application, 2031F |
20. India Crane Rental Market Opportunity Assessment, By Region, 2031F |
21. India Crane Rental Market Revenue Share, By Companies, 2024 |
List of Tables |
1. India List of Major Initiatives to Support Ports Sector |
2. India Crane Rental Market Revenues, By Crane Type, 2021-2031F (US$ Million) |
3. India Crane Rental Market Revenues, By Lifting Capacity, 2021-2031F (US$ Million) |
4. India Crane Rental Market Revenues, By Application, 2021-2031F (US$ Million) |
5. India Crane Rental Market Revenues, By Region, 2021-2031F (US$ Million) |
6. India Crane Rental Market Revenues, By Northern Region, 2021-2031F (US$ Million) |
7. India Crane Rental Market Revenues, By Western Region, 2021-2031F (US$ Million) |
8. India Crane Rental Market Revenues, By Southern Region, 2021-2031F (US$ Million) |
9. India Crane Rental Market Revenues, By Eastern Region, 2021-2031F (US$ Million) |
10. India Sector-Wise Infrastructure Projects and Associated Project Costs (INR Crore) |
11. Major Upcoming Infrastructure Projects in India (USD billion) |
12. India Retail Supply In Malls, 2027F (Million sq ft) |
13. India Capex Investment By Industry (Till 2030) |
14. India List and Investment in Major Upcoming Projects Across Sectors |