India Construction Equipment Market Outlook

Market Forecast By Types (Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Road Construction Equipment (Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications (Construction, Oil & Gas, Mining), By Regions(Northern, Eastern, Western, Southern) and competitive landscape

Product Code: ETC150110 Publication Date: Nov 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 133 No. of Figures: 53 No. of Tables: 24

India Construction Equipment Market report thoroughly covers the construction equipment market by equipment type, applications, and regions. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.

India Construction Equipment Market Synopsis

India Construction Equipment market is capitalizing on rapid development of infrastructure and construction sector in the country. Growing public & private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge in demand for construction equipment in India. In addition, ambitious government projects such as Smart city, Golden Corridor, Housing for all, restructuring and expansion of railways, etc. are further fueling the growth of India construction equipment market.

The market witnessed a slowdown in 2020 owing to the COVID-19 pandemic, which resulted in halt in construction projects, suspension of economic activities and lockdown across the country. However, with the gradual recovery of economic activities and relaxation in lockdown measures, the market regained its momentum and is expected to rise during the forecast period.

Government activities focused on infrastructure advancement and improvement in financing from non-banking financial companies (NBFCs) are boosting the demand for construction equipment in India.

India Construction Equipment Market

According to 6Wresearch, India Construction Equipment Market size is projected to grow at CAGR of 23.3% during 2021-27. The growth can be attributed to rising investment in the growing public & private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge of construction equipment market in India. In addition, government ambitious projects such as Smart city, Golden Corridor, Housing for all, restructuring and expansion of railways, etc. would bolster the growth of the construction equipment during the forecast period.

India Construction Equipment Market

Market by Equipment Type Analysis

Earth moving equipment segment acquired a volume share of 85% in the overall construction equipment market in 2020, owing to increasing number of public private partnerships and government initiatives such as smart city development projects. The market is witnessing a growing trend of adopting multifunctional equipment to cater to a wide range of applications on construction and mining sites.

India Construction Equipment Market 

Market by Application Analysis 

Construction sector occupied more than 60% of revenue share in the country in 2020 owing to the high use of construction equipment in various applications such as such as retail, government & transportation, commercial offices, industrial & manufacturing, railways and residential. Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Project, Housing for all scheme under Pradhan Mantri Awas Yojana, development of new airports etc. are further resulting into increase in the demand for construction equipment.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Construction Equipment Market Forecast for the Period 2020-2027F
  • Historical data & Forecast of India Construction Equipment Market Revenues and Volume, By Equipment Type, for the Period 2020-2027F
  • Historical data & Forecast of India Construction Equipment Market data, By Applications, for the Period 2020-2027F
  • Historical data & Forecast of India Construction Equipment Market data, By Regions, for the Period 2020-2027F
  • India Construction Equipment Market Outlook on Drivers and Restraints
  • India Construction Equipment Market Trends 
  • India Construction Equipment Market - Distribution Channel Analysis
  • India Construction Equipment Industry Life Cycle
  • Porter’s Five Force Analysis 
  • India Construction Equipment Market Opportunity Assessment
  • India Construction Equipment Market Share, By Company
  • India Construction Equipment Market Overview on Competitive Benchmarking
  • Company Profiles 
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Equipment Type
    • Cranes
    • Tractors & Bulldozers
    • Earth Moving Equipment
      • Loaders
      • Excavators
      • Motor Grader
    • Material Handling Equipment
    • Dump Trucks
    • Aerial Work Platform
    • Road Construction Work Platform
  • By Applications
    • Construction Sector
    • Oil & Gas Sector
    • Mining & Quarrying Sector
    • Others Sector
  • By Regions
    • Northern Region
    • Southern Region
    • Eastern Region
    • Western Region

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the India Construction Equipment Market over the coming years?
    The India Construction Equipment Market revenue is anticipated to record a CAGR of 23.3% during 2021-27.
  • Which segment has captured key share of the market?
    The segment, Earthmoving equipment has dominated the market revenues led by major usage across the construction sector.
  • Which segment is exhibited to gain traction over the forecast period?
    Earth moving equipment would record key growth throughout the forecast period 2021-27.
  • Who are key the key players of the market?
    The key players of the market include- Tata Hitachi, Hyundai, JCB and more.
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

  • Sri Lanka Construction Equipment Market (2021-2027)
  • Bhutan Construction Equipment Market (2021-2027)
  • APAC Construction Equipment Market (2021-2027)
  • South East Asia Construction Equipment Market (2021-2027)

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of the Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. India Construction Equipment Market Overview

3.1. India Construction Equipment Market Revenues and Volume 2017-2027F

3.2. India Construction Equipment Market - Industry Life Cycle (2020)

3.3. India Construction Equipment Market - Porter’s Five Forces

3.4. India Construction Equipment Market Revenue Share, By Equipment Type

3.5. India Construction Equipment Market Volume Share, By Equipment Type

3.6. India Construction Equipment Market Revenue Share, By Applications

3.7. India Construction Equipment Market Revenue Share, By Regions

4. India Construction Equipment Market Dynamics

4.1. Impact Analysis

4.2.  Market Drivers

4.3. Market Restraint

5. India Construction Equipment Market Trends

6. India Construction Equipment Market Distribution Channel

7. India Construction Equipment Market Price Trend

8. India Cranes Market Overview

8.1. India Cranes Market Revenues and Volume, 2017-2027F

8.2. India Construction Cranes Market Revenue and Volume Share, By Types, 2020 & 2027F

8.3. India Construction Cranes Market Revenues and Volume, By Types, 2020-2027F

8.3.1 India Tower Crane Market Revenues and Volume, 2017-2027F

8.3.2 India Crawler Crane Market Revenues and Volume, 2017-2027F

8.3.3 India Mobile Crane Market Revenues and Volume, 2017-2027F

9. India Construction Tractor & Bulldozers Market Overview

9.1. India Construction Tractor & Bulldozers Market Revenues and Volume, 2017-2027F

10. India Earth Moving Equipment Market Overview

10.1. India Earth Moving Equipment Market Revenues and Volume, 2017-2027F

10.2. India Earth Moving Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F

10.3. India Earth Moving Equipment Market Revenues and Volume, By Types, 2017-2027F

10.3.1  India Loaders Market Revenues and Volume Share, By Types, 2017 & 2027F

10.3.1.1 India Backhoe Loader Market Revenues and Volume, By Types, 2017-2027F

10.3.1.2 India Wheeled Loader Market Revenues and Volume, By Types, 2017-2027F

10.3.1.3 India Compact Track Loader Market Revenues and Volume, By Types, 2017-2027F

10.3.1.4 India Skid Steer Loader Market Revenues and Volume, By Types, 2017-2027F

10.3.1.5 India Wheeled Loader Market Trends

10.3.2 India Excavator Market Revenues and Volume Share, By Types, 2017 & 2027F

10.3.2.1 India Tracked Excavator Market Revenues and Volume, By Types, 2017-2027F

10.3.2.2 India Wheeled Excavator Market Revenues and Volume, By Types, 2017-2027F

10.3.2.3 India Mini Excavator Market Revenues and Volume, By Types, 2017-2027F

10.3.3 India Motor Grader Market Revenues and Volume, By Types, 2017-2027F

11. India Material Handling Equipment Market Overview

11.1. India Material Handling Equipment Market Revenues and Volume

11.2. India Material Handling Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F

11.3. India Material Handling Equipment Market Revenues and Volume, By Types, 2017-2027F

11.3.1 India Forklifts Market Revenues and Volume, By Types, 2017-2027F

11.3.2 India Telescopic Hnadler Market Revenues and Volume, By Types, 2017-2027F

12. India Dump Trucks Market Overview

12.1. India Dump Trucks Market Revenues and Volume, 2017-2027F

13. India Aerial Work Equipment Market Overview

13.1. India Aerial Moving Equipment Market Revenues and Volume, 2017-2027F

13.2. India Aerial Moving Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F

13.3. India Aerial Moving Equipment Market Revenues and Volume, By Types, 20107-2027F

13.3.1 India Telescopic Boomlift Market Revenues and Volume, By Types, 20107-2027F

13.3.2 India Articulated Boomlift Market Revenues and Volume, By Types, 20107-2027F

13.2.3 India Scissor Lift Market Revenues and Volume, By Types, 20107-2027F

14. India Road Construction Equipment Market

14.1. India Road Construction Equipment Market Revenues and Volume, 2017-2027F

14.2. India Road Construction Equipment Market Revenue and Volume Share, By Types, 2020 & 2027F

14.3. India Road Construction Equipment Market Revenues and Volume, By Types, 2017-2027F

14.3.1 India Road Rollers Market Revenues and Volume, By Types, 2017-2027F

14.3.2 India Pavers Market Revenues and Volume, By Types, 2017-2027F

15. India Construction Equipment Market, By Applications

15.1. India Construction Equipment Market Revenues, By Applications, 2017-2027F

15.1.1 India Construction Sector Market Revenues, By Applications, 2017-2027F

15.1.2 India Oil & Gas Sector Market Revenues, By Applications, 2017-2027F

15.1.3 India Mining & Quarrying Sector Market Revenues, By Applications, 2017-2027F

15.1.4 India Others Sector Market Revenues, By Applications, 2017-2027F

16. India Construction Equipment Market, By Regions

16.1. India Construction Equipment Market Revenues, By Regions

16.1.1 India Northern Region Market Revenues, By Regions, 2017-2027F

16.1.2 India Southern Region Market Revenues, By Regions, 2017-2027F

16.1.3 India Eastern Region Market Revenues, By Regions, 2017-2027F

16.1.4 India Eastern Region Market Revenues, By Regions, 2017-2027F

17. India Construction Equipment Market Government Initiatives & Regulations

18. India Construction Equipment Market Key Performance Indicators

19. India Construction Equipment Market Opportunity Assessment

19.1. India Construction Equipment Market Opportunity Assessment, By Equipment Type, 2027F

19.2. India Construction Equipment Market Opportunity Assessment, By Applications, 2027F

19.3. India Construction Equipment Market Opportunity Assessment, By Regions, 2027F

20. India Construction Equipment Market Competitive Landscape

20.1. India Construction Equipment Market Volume Share, By Company, 2020

20.2. India Construction Equipment Market Competitive Benchmarking-OEM, By Technical Parameters

20.3. India Construction Equipment Market Competitive Benchmarking-OEM, By Operating Parameters

21. Company Profile

21.1. Caterpillar Incorporation

21.2. Hyundai Construction Equipment India Pvt. Ltd.

21.3. JCB India Limited

21.4. Kobelco Construction Equipment India Pvt. Ltd.

21.5. Liugong India Private Limited

21.6. L&T Construction Equipment Limited

21.7. Sany Heavy Industry India Private Limited

21.8. Tata Hitachi Construction Machinery

21.9. Volvo Construction Equipment

21.10. Xuzhou Construction Machinery Group Co., Ltd.

21.11. Liebherr Group

22. Key Strategic Recommendations

23. Disclaimer

FIGURES

Figure 1. India Construction Equipment Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 2. India Construction Equipment Market Revenue Share, By Equipment Type, 2020 & 2027F

Figure 3. India Construction Equipment Market Volume Share, By Equipment Type, 2020 & 2027F

Figure 4. India Construction Equipment Market Revenue Share, By Applications, 2020 & 2027F

Figure 5. India Construction Equipment Market Revenue Share, By Regions, 2020 & 2027F

Figure 6. India Budgetary Allocation for FY 2020-21 (Lakh Crores)

Figure 7. Sector-wise Break-up of Capital Expenditure of Rs 111 Lakh Crore During Fiscals 2020-2025

Figure 8. Sector-Wise Annual Capital Expenditure in Infrastructure (Rs Crore)

Figure 9. Cumulative Housing Supply-Demand in Top 8 Cities, 2016-2020

Figure 10. Value of Mineral Production in India, FY2017-2021 (In Rs Crore)

Figure 11. India Crane Market Average Selling Price, By Types (In Lakhs)

Figure 12. India Bull Dozers & Construction Tractors Market Average Selling Price, By Types (In Lakhs)

Figure 13. India Motor Grader Market Average Selling Price, By Types (In Lakhs)

Figure 14. India Loaders Market Average Selling Price, By Types (In Lakhs)

Figure 15. India Excavators Market Average Selling Price, By Types (In Lakhs)

Figure 16. India Material Handling Equipment Market Average Selling Price, By Types (In Lakhs)

Figure 17. India Dump Trucks Market Average Selling Price, By Types (In Lakhs)

Figure 18. India Aerial Equipment Market Average Selling Price, By Types (In Lakhs)

Figure 19. India Road Construction Equipment Market Average Selling Price, By Types (In Lakhs)

Figure 20. India Cranes Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 21. India Construction Equipment Market Revenue Share, By Earth Moving Equipment, 2020 & 2027F

Figure 22. India Construction Equipment Market Volume Share, By Earth Moving Equipment, 2020 & 2027F

Figure 23. India Construction Tractor & Bulldozers Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 24. India Earth Moving Equipment Market Revenues and Volume, 2017-2027F (Hundred Crore, Thousand Units)

Figure 25. India Earth Moving Equipment Market Revenue Share, By Earth Moving Equipment, 2020 & 2027F

Figure 26. India Earth Moving Equipment Market Volume Share, By Earth Moving Equipment, 2020 & 2027F

Figure 27. India Loaders Market Revenue Share, By Types, 2020 & 2027F

Figure 28. India Loaders Market Volume Share, By Types, 2020 & 2027F

Figure 29. India Wheel Loaders Market Volume Share, By Bucket Size, 2020

Figure 30. India Wheel Loaders Market Volume Share, By Application, 2020

Figure 31. India Excavators Market Revenue Share, By Types, 2020 & 2027F

Figure 32. India Excavators Market Volume Share, By Types, 2020 & 2027F

Figure 33. India Motor Graders Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 34. India Material Handling Equipment Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 35. India Material Handling Equipment Market Revenue Share, By Types, 2020 & 2027F

Figure 36. India Material Handling Equipment Market Volume Share, By Types, 2020 & 2027F

Figure 37. India Dump Trucks Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 38. India Aerial Moving Equipment Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 39. India Aerial Equipment Market Revenue Share, By Earth Moving Equipment, 2020 & 2027F

Figure 40. India Aerial Equipment Market Volume Share, By Earth Moving Equipment, 2020 & 2027F

Figure 41. India Road Construction Equipment Market Revenues and Volume, 2017-2027F (Crore, Thousand Units)

Figure 42. India Road Equipment Market Revenue Share, By Types, 2020 & 2027F

Figure 43. India Road Construction Equipment Market Volume Share, By Types, 2020 & 2027F

Figure 44. India Infrastructure Investment Forecast, By Sector, 2018-2039 (INR Lakh Crore)

Figure 45. India Infrastructure Investment Forecast, 2018-2039 (INR Lakh Crore)

Figure 46. Permanent Establishment Investment in Indian Real Estate (US$ Billion)

Figure 47. Housing Needs in Top 10 Indian States by 2022 (Million Units)

Figure 48. India Domestic Consumption of Total Finished Steel (MT)

Figure 49. India Rural Consumption Of Steel, 2021 and 2030-2031F (Kg/Per Capita)

Figure 50. India Construction Equipment Market Opportunity Assessment, By Equipment Type, 2027F

Figure 51. : India Construction Equipment Market Opportunity Assessment, By Applications, 2027F

Figure 52. India Construction Equipment Market Opportunity Assessment, By Regions, 2027F

Figure 53. India Construction Equipment Market Volume Share, By Company, 2020

TABLES

Table 1. Sector-Wise Annual Capital Expenditure in Infrastructure (Rs Crore)

Table 2. Value of Mineral Production in 2019-20 (Rs. In Crore)

Table 3. Maintenance Cost of Construction Equipment

Table 4. India Construction Equipment Market Revenues, By Types, 2017-2027F (Crore)

Table 5. India Construction Equipment Market Volume, By Types, 2017-2027F (Thousand Thousand Units)

Table 6. India Earth Moving Equipment Market Revenues, By Types, 2017-2027F (Crore)

Table 7. India Earth Moving Equipment Market Volume, By Types, 2017-2027F (Thousand Units)

Table 8. India Loaders Market Revenues, By Types, 2017-2027F (Crore)

Table 9. India Loaders Market Volume, By Types, 2017-2027F (Thousand Units)

Table 10. India Excavators Market Revenues, By Types, 2017-2027F (Crore)

Table 11. India Excavators Market Volume, By Types, 2017-2027F (Thousand Units)

Table 12. India Material Handling Equipment Market Revenues, By Types, 2017-2027F (Crore)

Table 13. India Material Handling Equipment Market Volume, By Types, 2017-2027F (Thousand Units)

Table 14. India Aerial Moving Equipment Market Revenues, By Types, 2017-2027F (Crore)

Table 15. India Aerial Moving Equipment Market Volume, By Types, 2017-2027F (Thousand Units)

Table 16. India Road Construction Equipment Market Revenues, By Types, 2017-2027F (Crore)

Table 17. India Road Construction Equipment Market Volume, By Types, 2017-2027F (Thousand Units)

Table 18. India Construction Equipment Market Revenues, By Applications, 2017-2027F (Crore)

Table 19. India Construction Equipment Market Revenues, By Regions, 2017-2027F (Crore)

Table 20. Emission Limits for BS (CEV/Trem) IV and V

Table 21. NOX and PM Savings By Equipment Type

Table 22. Residential Sales in India, Q2,2020- Q3,2021

Table 23. Year to Date Residential Sales in India,2021

Table 24. India Ongoing Mining Projects

 

 
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