India Crane Market (2020-2026) | Size, Share, Trend, Growth, Forecast, Outlook, industry, Analysis & COVID-19 IMPACT

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine, and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction), and Competitive Landscape

Product Code: ETC002107	Publication Date: Jul 2022	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India crane market report thoroughly covers the market by types, applications, and regions. India crane market outlook report provides an unbiased and detailed analysis of the ongoing India crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

India Crane Market Synopsis

India Crane Market is anticipated to register potential growth during the coming years on account of an increasing number of construction projects, growing public & private infrastructure, economic development as well as rising FDI inflow. Additionally, escalating infrastructure development projects have significantly increased the demand for the crawler crane market in India. However, the Indian economy has witnessed a slowdown in the first three quarters of 2020, due to the outbreak of the COVID-19 pandemic. Though the economic scenario in India is expected to recover steadily in the next few years, the crane market in India is also likely to recover gradually over the years to come.

According to 6Wresearch, the India Crane Market size is likely to witness growth during 2020-2026. The growing construction sector coupled with increasing initiatives taken by the government to develop the infrastructure of the country is flourishing the India Crane Market Growth. Moreover, surging heavy projects such as smart and metro rail projects. The government is also planning to expand roadways due to the increasing number of vehicles and traffic congestion. Furthermore, the government is also implementing certain ambitious plans for economic development such as the Amrut scheme, the Golden Corridor, the commencement of metro rail projects as well as the expansion of bullet trains. Further, India has also witnessed growth in building and construction spending due to the rise in per capita disposable income and the availability of affordable loans in the country. These initiatives will spur the demand for the construction market and in turn, would accelerate the demand for cranes in India during the forecast period.

India crane market is anticipated to witness substantial growth during the forecast period 2020-26F on the back of the progressive growth of the mining and construction industry. Further, rapid urbanization coupled with the rising desire for a luxurious living standard with modified development buildings to revamp the household infrastructure is creating extensive demand for cranes and is anticipated to proliferate the India crane market in the coming years. Additionally, on the basis of product type, tower cranes are expected to dominate the overall market revenues owing to the capability of the tower cranes to lift heavy objects high and move construction material with ease which is expected to increase the deployment of crane machines in the construction sector and would proliferate the progressive growth of the India crane market in the upcoming six years.

Market Analysis by Type

In terms of type, the mobile crane dominates the overall India crane market due to the increasing number of construction projects in the country. Additionally, industrial and commercial application is the key revenue-generating segment in the India crane market. Further, the demand for crawler cranes is rising as a result of the increasing number of construction projects in the country.

Key Highlights of the Report:

India Crane Market Overview
India Crane Market Outlook
India Crane Market Forecast
Historical Data of India Crane Market Revenues & Volume for the Period 2016-2019.
India Crane Market Size and India Crane Market Forecast of Revenues and Volume, Until 2026.
Historical Data of India Crane Market Revenues and Volume, By applications, for the Period 2016-2019
Market Size & Forecast of India Crane Market Revenues and Volume, By applications, Until 2026
Historical Data of India Crane Market Revenues and Volume, By types, for the Period 2016-2019
Market Size & Forecast of India Crane Market Revenues and Volume, By types, Until 2026
Historical Data of India Crane Market Revenues and Volume, By regions, for the Period 2016-2019
Market Size & Forecast of India Crane Market Revenues and Volume, By regions, Until 2026
Market Drivers and Restraints
India Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
India Crane Market Share, By Players
India Crane Market Share, By Regions
India Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations