India Shaft Sinking Equipment Market (2025-2031) Outlook | Trends, Value, Companies, Forecast, Analysis, Revenue, Size, Growth, Industry & Share

India Shaft Sinking Equipment Market Synopsis

The India shaft sinking equipment market size was estimated at USD 192.8 million in 2025 and is projected to reach USD 256.9 million by 2031, expanding at a CAGR of 4.2% over the forecast period. Increasing demand from the mining industry is driving growth of this market in India. In addition, increasing investments in infrastructure projects are expected to drive the demand for shaft sinking equipment during the forecast period.

Drivers of the market

The India shaft sinking equipment market is witnessing growth as the country invests in infrastructure and mining projects. This market`s outlook is driven by factors such as the increasing demand for underground mining operations in coal, metal, and mineral sectors, the growth of infrastructure development, and the adoption of efficient shaft sinking equipment for excavation and construction. Additionally, the development of advanced drilling and excavation technologies and the rising focus on safety and productivity in mining activities are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in industrial activities and supply chain challenges. However, it is expected to recover with the resumption of mining operations and infrastructure projects.

Challenges of the Market

The India shaft sinking equipment market is witnessing growth as the mining and construction industries invest in modern and efficient shaft sinking technologies. This market`s outlook is driven by factors such as the increasing demand for minerals and metals, the growth of infrastructure projects, and the adoption of advanced shaft sinking equipment for deep and safe excavation. Additionally, the development of mechanized and automated shaft sinking equipment and the rising focus on worker safety and productivity are further contributing to market growth. However, challenges in this market include the high initial investment required for advanced equipment and the complex geological conditions that can impact the shaft sinking process.

Covid-19 Impact on the Market

The India shaft sinking equipment market is witnessing growth as the country invests in mining and underground construction projects. This market`s outlook is driven by factors such as the increasing demand for minerals and metals, the growth of the infrastructure and construction sectors, and the adoption of shaft sinking equipment for efficient excavation and tunnelling operations. Additionally, the development of advanced shaft sinking technologies and the rising focus on safety and productivity in mining and construction are further contributing to market growth. The market faced challenges during the COVID-19 pandemic due to disruptions in mining activities and supply chain challenges. However, it is expected to recover with the resumption of mining and construction projects.

Key Players of the Market

The India shaft sinking equipment market comprises several key players that offer a range of equipment and solutions for shaft sinking projects. Some of the prominent players in the market include ABC Heavy Engineering, BEML Limited, Caterpillar Inc., Eimco Elecon (India) Limited, Larsen & Toubro Limited, Normet Group, and Sandvik AB. These companies provide various shaft sinking equipment such as shaft jumbos, raise drills, shaft sinking hoists, and ventilation systems to cater to the mining and construction industries` needs.

Key Highlights of the Report:

• India Shaft Sinking Equipment Market Outlook
• Market Size of India Shaft Sinking Equipment Market, 2024
• Forecast of India Shaft Sinking Equipment Market, 2031
• Historical Data and Forecast of India Shaft Sinking Equipment Revenues & Volume for the Period 2021-2031
• India Shaft Sinking Equipment Market Trend Evolution
• India Shaft Sinking Equipment Market Drivers and Challenges
• India Shaft Sinking Equipment Price Trends
• India Shaft Sinking Equipment Porter's Five Forces
• India Shaft Sinking Equipment Industry Life Cycle
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Boxhole Boring Machine (BBM) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Rise Boring Rigs (RBR) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Shaft Boring Roadheader (SBR) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Shaft Boring Machine (SBM) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Shaft Drilling Jumbo (SDJ) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Vertical Shaft Sinking Machine (VSM) for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Tunnelling for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Mining for the Period 2021-2031
• Historical Data and Forecast of India Shaft Sinking Equipment Market Revenues & Volume By Construction for the Period 2021-2031
• India Shaft Sinking Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• India Shaft Sinking Equipment Top Companies Market Share
• India Shaft Sinking Equipment Competitive Benchmarking By Technical and Operational Parameters
• India Shaft Sinking Equipment Company Profiles
• India Shaft Sinking Equipment Key Strategic Recommendations