| Product Code: ETC288324 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India construction derricks market import shipments exhibited a robust Compound Annual Growth Rate (CAGR) from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024. Overall, the market expanded steadily with a notable slowdown in momentum towards the end of the period.
The India construction derricks market is anticipated to witness steady growth, driven by the robust expansion of the construction sector. Construction derricks are vital equipment in the construction industry for lifting and moving heavy materials. As India undertakes infrastructure development projects, the need for construction derricks increases to facilitate the efficient movement of construction materials. The growing demand for high-rise buildings, bridges, and other large-scale structures further drives the adoption of construction derricks. Additionally, the focus on safety and efficiency in construction sites contributes to the demand for advanced and reliable construction derricks. With an increasing emphasis on urbanization and industrialization, the market for construction derricks is expected to experience steady growth in the coming years.
The India construction derricks market is witnessing significant growth as the construction sector embraces efficient lifting and material handling solutions. The market is driven by factors such as the growth of high-rise buildings, infrastructure projects, and the need for safe and precise lifting equipment. Additionally, the government`s focus on improving construction safety standards is positively influencing the market.
One of the major challenges for the construction derricks market is the need for skilled labor to operate these machines safely and efficiently. Inadequate training and lack of experienced operators can lead to accidents and project delays. Additionally, the high maintenance and operational costs of construction derricks may pose challenges for small-scale construction firms.
The India construction derricks market has witnessed steady growth, supported by ongoing construction projects, both in urban and rural areas. Derricks are essential equipment for lifting and moving heavy loads on construction sites. The market faced challenges during the COVID-19 pandemic due to labor shortages and project postponements. However, with the resumption of construction activities and the government`s continued focus on infrastructure development, the market is expected to recover and grow.
In the India construction derricks market, major players such as Liebherr-International AG, Terex Corporation, and Manitowoc Cranes LLC dominate the landscape. These companies offer a wide range of derricks and construction cranes with various lifting capacities, serving the needs of infrastructure and construction projects. Key players in this market focus on expanding their product portfolio to include innovative and technologically advanced construction derricks, meeting the demand for efficient and versatile lifting solutions in the construction sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Construction Derricks Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Construction Derricks Market Revenues & Volume, 2021 & 2031F |
3.3 India Construction Derricks Market - Industry Life Cycle |
3.4 India Construction Derricks Market - Porter's Five Forces |
3.5 India Construction Derricks Market Revenues & Volume Share, By Derricks Type, 2021 & 2031F |
3.6 India Construction Derricks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 India Construction Derricks Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.8 India Construction Derricks Market Revenues & Volume Share, By Power source, 2021 & 2031F |
4 India Construction Derricks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in India |
4.2.2 Growing urbanization leading to demand for high-rise buildings |
4.2.3 Government initiatives promoting construction activities |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting construction costs |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Labor shortages and skilled workforce constraints |
5 India Construction Derricks Market Trends |
6 India Construction Derricks Market, By Types |
6.1 India Construction Derricks Market, By Derricks Type |
6.1.1 Overview and Analysis |
6.1.2 India Construction Derricks Market Revenues & Volume, By Derricks Type, 2021-2031F |
6.1.3 India Construction Derricks Market Revenues & Volume, By A-frame, 2021-2031F |
6.1.4 India Construction Derricks Market Revenues & Volume, By Basket, 2021-2031F |
6.1.5 India Construction Derricks Market Revenues & Volume, By Breast Derrick, 2021-2031F |
6.1.6 India Construction Derricks Market Revenues & Volume, By Chicago boom, 2021-2031F |
6.1.7 India Construction Derricks Market Revenues & Volume, By Digger , 2021-2031F |
6.1.8 India Construction Derricks Market Revenues & Volume, By Gin pole, 2021-2031F |
6.2 India Construction Derricks Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India Construction Derricks Market Revenues & Volume, By Direct sales, 2021-2031F |
6.2.3 India Construction Derricks Market Revenues & Volume, By Indirect sales, 2021-2031F |
6.3 India Construction Derricks Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 India Construction Derricks Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 India Construction Derricks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 India Construction Derricks Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.5 India Construction Derricks Market Revenues & Volume, By Machinery & Heavy equipment, 2021-2031F |
6.3.6 India Construction Derricks Market Revenues & Volume, By Marine industry, 2021-2031F |
6.3.7 India Construction Derricks Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.8 India Construction Derricks Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.9 India Construction Derricks Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.4 India Construction Derricks Market, By Power source |
6.4.1 Overview and Analysis |
6.4.2 India Construction Derricks Market Revenues & Volume, By Electric, 2021-2031F |
6.4.3 India Construction Derricks Market Revenues & Volume, By Hydraulic, 2021-2031F |
7 India Construction Derricks Market Import-Export Trade Statistics |
7.1 India Construction Derricks Market Export to Major Countries |
7.2 India Construction Derricks Market Imports from Major Countries |
8 India Construction Derricks Market Key Performance Indicators |
8.1 Average project completion time |
8.2 Utilization rate of construction derricks |
8.3 Number of new construction projects started |
8.4 Adoption rate of advanced construction technologies |
8.5 Environmental sustainability practices implemented in construction sites |
9 India Construction Derricks Market - Opportunity Assessment |
9.1 India Construction Derricks Market Opportunity Assessment, By Derricks Type, 2021 & 2031F |
9.2 India Construction Derricks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 India Construction Derricks Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.4 India Construction Derricks Market Opportunity Assessment, By Power source, 2021 & 2031F |
10 India Construction Derricks Market - Competitive Landscape |
10.1 India Construction Derricks Market Revenue Share, By Companies, 2024 |
10.2 India Construction Derricks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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