| Product Code: ETC4494205 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India cranes rental market import shipments experienced a moderate CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024. The market expansion slowed down notably, indicating a shift in momentum towards stabilization.
The cranes rental market in India plays a pivotal role in the construction, logistics, and manufacturing sectors. Cranes are essential for lifting and transporting heavy loads in diverse industrial applications. As India experiences rapid infrastructure development and industrial growth, the demand for cranes on a rental basis has surged. This market provides cost-effective and flexible solutions for businesses that require temporary access to lifting equipment. With ongoing construction and industrial projects, the cranes rental market is expected to remain robust.
The India Cranes Rental Market is influenced by the infrastructure development, construction, and manufacturing sectors. Rental cranes are a cost-effective solution for various industries requiring lifting and material handling equipment. As India continues to invest in infrastructure projects and industrial expansion, the demand for crane rentals remains strong.
The cranes rental market in India faces challenges such as safety compliance, skilled operator availability, and logistics for transportation and installation of cranes. Additionally, economic fluctuations can impact construction and industrial projects, affecting crane rental demand.
The COVID-19 pandemic had a significant impact on the India cranes rental market. Lockdowns and restrictions on construction and industrial activities led to a temporary decline in demand for crane rentals. However, as restrictions eased, the market showed signs of recovery, especially in the infrastructure and construction sectors.
Key Players in the market are TIL Limited, Sanghvi Movers Limited, ABC Infra Equipment Pvt. Ltd., and Sai Infraaequipments Pvt. Ltd.
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 Cranes Rental Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cranes Rental Market Revenues & Volume, 2021 & 2031F |
3.3 India Cranes Rental Market - Industry Life Cycle |
3.4 India Cranes Rental Market - Porter's Five Forces |
3.5 India Cranes Rental Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Cranes Rental Market Revenues & Volume Share, By Weight Lifting Capacity, 2021 & 2031F |
3.7 India Cranes Rental Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Cranes Rental Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for construction and infrastructure development projects in India |
4.2.2 Growth of industries such as oil gas, manufacturing, and power that require crane services |
4.2.3 Rising trend towards renting equipment rather than purchasing due to cost-effectiveness |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with cranes |
4.3.2 Lack of skilled operators leading to safety concerns and operational challenges |
4.3.3 Regulatory hurdles and compliance requirements in the crane rental industry |
5 India Cranes Rental Market Trends |
6 India Cranes Rental Market, By Types |
6.1 India Cranes Rental Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Cranes Rental Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Cranes Rental Market Revenues & Volume, By Mobile, 2021-2031F |
6.1.4 India Cranes Rental Market Revenues & Volume, By Fixed, 2021-2031F |
6.2 India Cranes Rental Market, By Weight Lifting Capacity |
6.2.1 Overview and Analysis |
6.2.2 India Cranes Rental Market Revenues & Volume, By Low, 2021-2031F |
6.2.3 India Cranes Rental Market Revenues & Volume, By Low-Medium, 2021-2031F |
6.2.4 India Cranes Rental Market Revenues & Volume, By Heavy, 2021-2031F |
6.2.5 India Cranes Rental Market Revenues & Volume, By Extreme Heavy, 2021-2031F |
6.3 India Cranes Rental Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Cranes Rental Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 India Cranes Rental Market Revenues & Volume, By Marine & Offshore, 2021-2031F |
6.3.4 India Cranes Rental Market Revenues & Volume, By Mining & Excavation, 2021-2031F |
6.3.5 India Cranes Rental Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 India Cranes Rental Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Cranes Rental Market Import-Export Trade Statistics |
7.1 India Cranes Rental Market Export to Major Countries |
7.2 India Cranes Rental Market Imports from Major Countries |
8 India Cranes Rental Market Key Performance Indicators |
8.1 Average utilization rate of cranes in the market |
8.2 Number of new construction permits issued in key cities |
8.3 Rate of adoption of advanced crane technology in rental fleets |
8.4 Average rental rates for different types of cranes |
8.5 Customer satisfaction and retention rates for crane rental companies |
9 India Cranes Rental Market - Opportunity Assessment |
9.1 India Cranes Rental Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Cranes Rental Market Opportunity Assessment, By Weight Lifting Capacity, 2021 & 2031F |
9.3 India Cranes Rental Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Cranes Rental Market - Competitive Landscape |
10.1 India Cranes Rental Market Revenue Share, By Companies, 2024 |
10.2 India Cranes Rental Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |