| Product Code: ETC375864 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India demolition grapple market import shipments exhibited a robust growth trend between 2020 and 2024, with a notable CAGR of 17.7%. Momentum accelerated significantly between 2023 and 2024, showcasing a growth rate of 67.9%. The market expanded consistently, indicating strong demand and a positive trajectory.
The India demolition grapple market is estimated to be valued at approximately INR 301 crore. It is expected to register a CAGR of 6-8% during the forecast period, driven by increasing construction activities and infrastructure development. The growing demand for demolition equipment from contractors, builders, and government projects are fuelling the growth of this market. Increasing investment in public infrastructure such as roads, airports, and dams is also creating an opportunity for the manufacturers of demolition grapples. The increasing number of rental service providers offering earthmoving equipment on rent are supporting the sales of these grapples in India.
India demolition grapple market has experienced considerable expansion, mainly due to the growth in construction and demolition activities. The increasing need for efficient and safe demolition of structures has led to a higher demand for demolition grapples in the construction industry. Furthermore, environmental regulations mandating proper disposal of construction waste have driven the adoption of demolition grapples.
The India demolition grapple market faces challenges related to safety and efficiency. As construction and demolition activities increase, the demand for reliable and robust grapples grows. Manufacturers must invest in research and development to design products that can handle varying loads and debris types, while also adhering to safety standards.
The India demolition grapple market faced COVID-19 induced setbacks during the pandemic. With construction and infrastructure projects suspended or delayed, demand for demolition grapples declined. The market`s growth was further hampered by workforce shortages and difficulties in sourcing raw materials and components.
India demolition grapple market, key players include JCB India Limited, Tata Hitachi Construction Machinery Company Private Limited, and Escorts Limited. These companies provide demolition grapples and attachments used in construction and demolition activities.