Market Forecast By Product Type (Truck Mounted Crane, Trailer Mounted Crane, Crawler Crane), By Application (Construction, Industrial, Utility) And Competitive Landscape
| Product Code: ETC430700 | Publication Date: Oct 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India mobile cranes market import shipment demonstrated robust growth with a notable CAGR from 2020 to 2024. Notably, the growth rate between 2023 and 2024 surged significantly, indicating an accelerating expansion trend. The market has clearly experienced substantial momentum and expansion during this period.
| Report Name | India Mobile Cranes Market |
| Forecast period | 2025-2031 |
| CAGR | 5.10% |
| Growing Sector | Construction |
India Mobile Cranes Market report thoroughly covers the market By Product Type and By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Mobile Cranes Market is experiencing steady growth, driven by the increasing demand for heavy lifting equipment in construction, infrastructure, and industrial sectors. With rapid urbanization, government infrastructure projects, and a booming real estate industry, the construction and infrastructure sectors remain the primary contributors to India Mobile Cranes Market Growth. Additionally, industries like oil and gas, mining, and power generation require mobile cranes for tasks such as equipment installation, maintenance, and material handling.
According to 6Wresearch, the India Mobile Cranes Market size is anticipated to grow at a CAGR of 5.10% during the forecast period 2025-2031. The growth of the India mobile cranes market is primarily driven by several key factors. The rapid urbanization and increasing construction activities, bolstered by government infrastructure initiatives such as smart cities, affordable housing, and transportation networks, are significant contributors to the demand for mobile cranes. The industrial sector, including oil and gas, mining, and power generation, is also expanding, further driving the need for cranes in equipment installation, maintenance, and material handling. Moreover, technological advancements in crane efficiency, such as improved fuel consumption, automation, and telematics, are enhancing operational capabilities and attracting investment.
However, the market also faces several challenges. The high capital investment required for purchasing mobile cranes can deter smaller construction companies and contractors. Additionally, there is a shortage of skilled labour to operate these advanced machines, which can slow down project timelines and affect overall productivity. The maintenance and operational costs, especially in harsh environments like mining and construction sites, can further limit the adoption of mobile cranes. Furthermore, the market is susceptible to economic fluctuations, which can lead to delays in construction projects or curtail investment in large infrastructure projects, affecting the overall demand for cranes. Despite these challenges, the market’s long-term prospects remain positive, supported by continued infrastructure development and industrial growth.
India Mobile Cranes Market is witnessing several prominent trends that are shaping its future. One of the most significant trends is the increasing adoption of advanced technology in mobile cranes, such as automation, telematics, and wireless communication systems. These innovations enhance crane efficiency, improve safety, and offer real-time monitoring, making them more attractive to companies seeking to optimize operations and reduce downtime. Another key trend is the growing preference for electric and hybrid cranes as businesses become more environmentally conscious and seek to reduce their carbon footprint. This shift is driven by government regulations aimed at improving sustainability in the construction and industrial sectors. Additionally, the rise of modular construction and prefabrication techniques is influencing crane usage, as mobile cranes play a vital role in transporting and assembling large prefabricated structures.
India mobile cranes market presents several promising investment opportunities, driven by the country’s rapid infrastructure development and industrial growth. Investors can look into opportunities in the crane rental business, as there is a rising demand for renting mobile cranes instead of purchasing them, especially in the construction and infrastructure sectors. With large-scale projects like smart cities, highways, and bridges, rental services offer cost-effective solutions for contractors. Another opportunity lies in the development and supply of advanced mobile cranes with smart technologies, such as telematics, automation, and hybrid or electric-powered models. These innovations cater to the growing demand for more efficient, eco-friendly, and technologically advanced equipment.
Additionally, investing in training centres that focus on crane operation and safety can be a lucrative venture, as there is a shortage of skilled labour in this field. The continued expansion of industrial sectors such as oil and gas, mining, and power generation also provides investment prospects in providing specialized cranes and services for heavy-duty tasks. Furthermore, supporting the growth of mobile crane manufacturing in India through local production or joint ventures could help tap into the cost-sensitive market, as demand for locally produced cranes increases. With the Indian government’s focus on boosting infrastructure and industrial capabilities, the mobile cranes market offers several avenues for investors looking to capitalize on the country's growth trajectory.
India Mobile Cranes Market is highly competitive, with several leading players playing a pivotal role in driving growth and innovation within the industry. Among the top players is Liebherr India, a subsidiary of the global construction equipment giant Liebherr Group. Known for its high-quality, technologically advanced cranes, Liebherr India offers a broad range of mobile cranes, including all-terrain and rough-terrain models, which are widely used in the construction and infrastructure sectors. Tadano Ltd., another key player, is renowned for its mobile cranes that combine efficiency, safety, and durability. Tadano’s cranes are popular in sectors like construction, mining, and logistics, and the company continues to expand its presence in India through a combination of local partnerships and product innovation. SANY India, a subsidiary of the Chinese multinational SANY Group, has also gained a significant market share with its mobile cranes, offering cost-effective and reliable lifting solutions. The company has strengthened its position by focusing on providing high-quality cranes with advanced technology while maintaining competitive pricing. Terex India, a part of the US-based Terex Corporation, is another influential player in the mobile crane market. Terex offers a diverse portfolio of mobile cranes and is well-regarded for its versatile products that cater to construction, infrastructure, and industrial needs.
Government regulations in the India mobile cranes market are becoming increasingly important as the country ramps up its infrastructure and industrial development. One of the primary regulatory frameworks impacting the market is the Central Motor Vehicles Rules (CMVR), which sets guidelines for the safety, operation, and maintenance of construction and heavy machinery, including mobile cranes. These regulations ensure that cranes meet specific safety standards regarding weight limits, load handling, and operational efficiency. Furthermore, the Ministry of Labour and Employment has established regulations related to the safety of workers operating mobile cranes, requiring adequate training and certification for crane operators to prevent accidents and enhance operational safety. Additionally, the government has introduced stricter environmental regulations, pushing for the adoption of more eco-friendly technologies.
This has led to a growing emphasis on hybrid and electric mobile cranes to reduce emissions, particularly in urban areas where air quality is a concern. The Bureau of Indian Standards (BIS) also plays a crucial role by providing national standards for the manufacturing, testing, and quality assurance of cranes. Alongside these safety and environmental regulations, the government is promoting infrastructure projects under various initiatives such as the Smart Cities Mission, Bharatmala Pariyojana (Highways Development), and Sagarmala (Port Modernization), which stimulate demand for mobile cranes and influence the market. Compliance with these regulations is essential for both domestic and international players in the Indian mobile cranes market, as they must adapt to evolving safety standards, environmental guidelines, and quality benchmarks to operate effectively.
The future of the India Mobile Cranes Industry looks promising, driven by continued infrastructure development, urbanization, and industrial growth. As India invests in large-scale projects such as smart cities, highways, bridges, and renewable energy installations, the demand for mobile cranes is expected to remain strong. The market will likely see a shift towards more advanced and efficient crane technologies, with an increased focus on automation, telematics, and remote monitoring. This will allow companies to enhance productivity, improve safety, and reduce operational costs. Additionally, the growing emphasis on sustainability will spur the adoption of eco-friendly cranes, such as electric and hybrid models, as part of efforts to meet stricter environmental regulations. The market will also benefit from the increasing trend of crane rentals, as construction companies look for cost-effective solutions for short-term or specialized projects.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Parth, Senior Research Analyst, 6Wresearch, The India mobile cranes market has witnessed significant growth, particularly in the Truck Mounted Crane segment. These cranes have gained popularity due to their versatility, ease of mobility, and high lifting capacity, making them ideal for a wide range of applications in construction, infrastructure development, and industrial operations.
The Construction has experienced the most substantial growth. This is primarily due to the ongoing infrastructure boom in the country, with large-scale urbanization, road development, and real estate projects driving the demand for mobile cranes. The need for efficient material handling, heavy lifting, and machinery assembly in construction sites has made mobile cranes essential.
The report provides a detailed analysis of the following market segments:
| 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 Mobile Cranes Market Overview |
| 3.1 India Country Macro Economic Indicators |
| 3.2 India Mobile Cranes Market Revenues & Volume, 2021 & 2031F |
| 3.3 India Mobile Cranes Market - Industry Life Cycle |
| 3.4 India Mobile Cranes Market - Porter's Five Forces |
| 3.5 India Mobile Cranes Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
| 3.6 India Mobile Cranes Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 4 India Mobile Cranes Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing urbanization and infrastructure development projects in India |
| 4.2.2 Growth in the construction industry and industrial activities driving demand for mobile cranes |
| 4.2.3 Technological advancements and innovations in mobile crane designs and functionalities |
| 4.3 Market Restraints |
| 4.3.1 High initial investment and maintenance costs associated with mobile cranes |
| 4.3.2 Regulatory challenges and compliance requirements in the Indian market |
| 4.3.3 Limited availability of skilled operators for operating mobile cranes |
| 5 India Mobile Cranes Market Trends |
| 6 India Mobile Cranes Market, By Types |
| 6.1 India Mobile Cranes Market, By Product Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 India Mobile Cranes Market Revenues & Volume, By Product Type, 2021 - 2031F |
| 6.1.3 India Mobile Cranes Market Revenues & Volume, By Truck Mounted Crane, 2021 - 2031F |
| 6.1.4 India Mobile Cranes Market Revenues & Volume, By Trailer Mounted Crane, 2021 - 2031F |
| 6.1.5 India Mobile Cranes Market Revenues & Volume, By Crawler Crane, 2021 - 2031F |
| 6.2 India Mobile Cranes Market, By Application |
| 6.2.1 Overview and Analysis |
| 6.2.2 India Mobile Cranes Market Revenues & Volume, By Construction, 2021 - 2031F |
| 6.2.3 India Mobile Cranes Market Revenues & Volume, By Industrial, 2021 - 2031F |
| 6.2.4 India Mobile Cranes Market Revenues & Volume, By Utility, 2021 - 2031F |
| 7 India Mobile Cranes Market Import-Export Trade Statistics |
| 7.1 India Mobile Cranes Market Export to Major Countries |
| 7.2 India Mobile Cranes Market Imports from Major Countries |
| 8 India Mobile Cranes Market Key Performance Indicators |
| 8.1 Average utilization rate of mobile cranes in construction projects |
| 8.2 Number of new infrastructure projects announced in India |
| 8.3 Adoption rate of advanced features in mobile crane models |
| 8.4 Rate of accidents/incidents involving mobile cranes |
| 8.5 Average age of mobile crane fleets in India |
| 9 India Mobile Cranes Market - Opportunity Assessment |
| 9.1 India Mobile Cranes Market Opportunity Assessment, By Product Type, 2021 & 2031F |
| 9.2 India Mobile Cranes Market Opportunity Assessment, By Application, 2021 & 2031F |
| 10 India Mobile Cranes Market - Competitive Landscape |
| 10.1 India Mobile Cranes Market Revenue Share, By Companies, 2024 |
| 10.2 India Mobile Cranes Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |