India Truck Loader Crane Market Shipment Analysis
India Truck Loader Crane Market registered a growth of 85.53% in value shipments in 2022 as compared to 2021 and an increase of 10.92% CAGR in 2022 over a period of 2017. In Truck Loader Crane Market India is becoming less competitive as HHI index in 2022 was 5897 while in 2017 it was 5213. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Truck Loader Crane Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Truck Loader Crane Market in 2022 was 19.32 while in 2017 it was 9.76. China, United Arab Emirates, USA, Kuwait and Germany were among the top players of the market in 2022, where China acquired the largest market share of 76.1% with a shipment value of 139.81 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Germany had the largest market share of 68.71% with the shipment value of 36.53 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Germany offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Truck Loader Crane Market in 2017.
