India Construction Equipment Market (2021-27) | Forecast, Revenue, Size, Companies, Growth, Industry, Trends, Analysis, COVID-19 IMPACT, Value & Share

India Construction Equipment Market Size & Growth Rate

The India Construction Equipment Market is projected to grow at a CAGR of 23.3% during 2021–2027, fueled by rapid infrastructure development, rising public and private investment, and major government initiatives like Smart Cities, Housing for All, and railway expansion.

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.

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.

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.

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