Product Code: ETC308724 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India tower crane market import shipment experienced a modest compound annual growth rate of 2.4% from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024 at -71.0%. Overall, the market showed signs of slowing down notably in the latter period, indicating a potential contraction in the near future.
The tower crane market in India is growing at a healthy rate. The market size was estimated to be around USD 70 million in 2025 and the demand for tower cranes is expected to grow further, driven by rising construction activities and infrastructure development projects. Increasing investments from both governmental as well as private sector towards construction of residential and commercial buildings are propelling the growth of this market. Moreover, rapid urbanization projects such as smart cities are driving the growth of the tower crane industry in India. Additionally, increasing FDI inflows into various sectors such as hospitality & leisure, retailing & warehousing, IT & ITeS are expected to boost the demand for tower cranes over the forecast period 2025-2031.
The India tower crane market is experiencing growth as the construction industry invests in efficient and high-capacity lifting solutions. This market`s outlook is driven by factors such as the increasing demand for tower cranes in high-rise building and infrastructure projects, the growth of the real estate and urban development sectors, and the adoption of tower cranes for their ability to lift heavy loads and reach great heights. Additionally, the development of self-erecting and luffing jib tower cranes and the rising focus on safety and productivity in construction sites are further contributing to market growth. The market is also driven by government initiatives to promote urbanization and infrastructure development.
The India tower crane market is experiencing steady growth as the construction and infrastructure sectors invest in efficient and high-capacity lifting solutions. This market`s outlook is driven by factors such as the increasing demand for tall and complex structures in urban and industrial development, the growth of high-rise buildings and commercial projects, and the adoption of tower cranes for their ability to lift heavy loads at significant heights. Additionally, the development of advanced and electric tower cranes and the rising focus on safety and productivity in construction are further contributing to market growth. However, the market faces challenges related to the high initial investment and maintenance cost of tower cranes, as well as the need for skilled operators for safe and efficient crane operation, affecting their adoption in certain construction projects.
The India tower crane market is experiencing growth as the construction and infrastructure industries demand efficient and high-capacity lifting solutions. This market`s outlook is driven by factors such as the increasing demand for tower cranes in tall building construction, infrastructure projects, and material handling applications, the growth of the real estate and construction sectors, and the adoption of tower cranes for their ability to lift heavy loads to great heights. Additionally, the development of advanced and electric tower cranes and the rising focus on safety and productivity in construction sites are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in construction activities and supply chain challenges. However, it is expected to recover with the resumption of infrastructure projects and increased investments in construction.
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 Tower Crane Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Tower Crane Market Revenues & Volume, 2021 & 2031F |
3.3 India Tower Crane Market - Industry Life Cycle |
3.4 India Tower Crane Market - Porter's Five Forces |
3.5 India Tower Crane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Tower Crane Market Revenues & Volume Share, By Lifting Capacity, 2021 & 2031F |
3.7 India Tower Crane Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 India Tower Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development projects in India |
4.2.2 Growing demand for high-rise buildings and construction activities |
4.2.3 Technological advancements leading to more efficient and safer tower crane models |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with tower cranes |
4.3.2 Regulatory challenges and compliance requirements in the construction industry |
4.3.3 Limited skilled labor for operating and maintaining tower cranes |
5 India Tower Crane Market Trends |
6 India Tower Crane Market, By Types |
6.1 India Tower Crane Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Tower Crane Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Tower Crane Market Revenues & Volume, By Self-erecting, 2021-2031F |
6.1.4 India Tower Crane Market Revenues & Volume, By Luffing Jib, 2021-2031F |
6.1.5 India Tower Crane Market Revenues & Volume, By Hammer Head, 2021-2031F |
6.1.6 India Tower Crane Market Revenues & Volume, By Flat Top, 2021-2031F |
6.2 India Tower Crane Market, By Lifting Capacity |
6.2.1 Overview and Analysis |
6.2.2 India Tower Crane Market Revenues & Volume, By Less than 5 ton, 2021-2031F |
6.2.3 India Tower Crane Market Revenues & Volume, By 6 to 10 ton, 2021-2031F |
6.2.4 India Tower Crane Market Revenues & Volume, By More than 10 ton, 2021-2031F |
6.3 India Tower Crane Market, By End User Industry |
6.3.1 Overview and Analysis |
6.3.2 India Tower Crane Market Revenues & Volume, By Building Construction, 2021-2031F |
6.3.3 India Tower Crane Market Revenues & Volume, By Infrastructural Construction, 2021-2031F |
6.3.4 India Tower Crane Market Revenues & Volume, By Energy, 2021-2031F |
6.3.5 India Tower Crane Market Revenues & Volume, By Others, 2021-2031F |
7 India Tower Crane Market Import-Export Trade Statistics |
7.1 India Tower Crane Market Export to Major Countries |
7.2 India Tower Crane Market Imports from Major Countries |
8 India Tower Crane Market Key Performance Indicators |
8.1 Average utilization rate of tower cranes in India |
8.2 Frequency of new product launches and innovations in the tower crane market |
8.3 Adoption rate of advanced safety features in tower crane models |
8.4 Average age of tower crane fleet in India |
8.5 Number of construction permits issued for high-rise buildings and infrastructure projects in key Indian cities |
9 India Tower Crane Market - Opportunity Assessment |
9.1 India Tower Crane Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Tower Crane Market Opportunity Assessment, By Lifting Capacity, 2021 & 2031F |
9.3 India Tower Crane Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 India Tower Crane Market - Competitive Landscape |
10.1 India Tower Crane Market Revenue Share, By Companies, 2024 |
10.2 India Tower Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |