India Crane Rental Market is expected to grow at a CAGR of 6.7% during 2025E-2031F

Mobile cranes by Crane Type held the largest share of India Crane Rental Market -6Wresearch

Mobile cranes held the largest share of the Indian crane rental market owing to their remarkable versatility, ease of mobilization, and wide-ranging suitability across industries. They can be quickly transported on public roads and deployed with minimal logistical complexity. This operational flexibility makes them the equipment of choice for diverse applications, including road and bridge construction, industrial plant maintenance, urban infrastructure projects, and smaller-scale construction activities

According to 6Wresearch, the India Crane Rental Market is expected to grow at a CAGR of 6.7% during 2025E-2031F, India crane rental market is positioned for long-term expansion, underpinned by the strong performance of the construction sector—one of the most resilient engines of the country’s economy. Growth is being driven by substantial public and private investment flows, technological advancements, and an active pipeline of large-scale infrastructure projects. By 2030, the construction sector alone is projected to contribute to the massive increase in the GDP and employ growth.

In FY 2024–25, the Government of India reinforced its infrastructure focus by raising capital expenditure. Flagship programs such as the Pradhan Mantri Awas Yojana–Urban (PMAY-U) continue to play a pivotal role, with millions of houses were sanctioned, some were completed, and millions grounded for construction as of September 2024. These initiatives not only reduce the urban housing deficit but also create sustained demand for material-handling equipment, including rental cranes.

Notably, the year 2024 witnessed a temporary slowdown in demand due to the general election cycle, which led to delays in both government and private capex disbursement. This period also saw heightened competition fragmentation and intensity, creating pricing pressures for rental operators. However, this dip is expected to be short-lived, with the resumption of project execution and policy continuity expected to re-accelerate momentum from 2025 onwards.

In the projected time-frame, continued urbanization, industrial growth, and modernization of core infrastructure will serve as structural demand drivers. The crane rental industry is therefore expected to maintain a steady upward trajectory, with demand progressively shifting toward larger, more technologically advanced fleets as contractors increasingly adopt asset-light models to enhance operational efficiency.

According to Parth, Senior Research Analyst, 6Wresearch, Construction (Urban + Infra) held the highest revenue share in India’s crane rental market in 2024 as rapid urbanization, housing demand, metro rail expansion, highway development, and large-scale commercial projects drove continuous crane requirements. The scale and pace of these projects made rentals the preferred model, positioning construction and infrastructure as the largest demand center for crane services.

India Crane Rental Market (2025-2031) report provides an in-depth analysis with 21 figures and 14 tables, covered in 100 pages. The report thoroughly covers 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 on-going India Crane Rental Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.