India Concrete Equipment Market is Expected to Register a 11.48% CAGR Through 2030
Growing Infrastructure Development and Technological
Advancements in Concrete Equipment are likely to propel the market during the
forecast period.
According to
TechSci Research report, “India Concrete Equipment Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, India Concrete Equipment Market was valued at
USD 923 Million in 2024 and is expected to reach USD 1,728 Million by 2030 with
a CAGR of 11.48% during the forecast period.
India
is witnessing rapid growth in infrastructure development, which is one of the
primary drivers of the concrete equipment market in the country. As India
continues to urbanize, the demand for modern infrastructure, including roads,
highways, bridges, airports, and residential and commercial buildings, has
skyrocketed. The government's strong push for infrastructure projects through
initiatives like the "Smart Cities Mission" and "Bharatmala
Pariyojana" is further accelerating this demand.
The
development of transportation networks, including highways and railways,
requires large-scale concrete pouring and finishing. Moreover, the construction
of residential buildings, commercial complexes, and industrial parks demands
the efficient use of concrete equipment to ensure high-quality construction.
For example, the use of concrete mixers and pumps in the construction of
highways, flyovers, and metro stations is pivotal. Additionally, in high-rise
buildings and large residential projects, concrete pumps, cranes, and batching
plants are essential for ensuring timely and precise construction.
The
government's increased focus on infrastructure projects is also backed by a
surge in public-private partnerships (PPP), which has encouraged investment in
large-scale infrastructure. These projects demand advanced concrete machinery
for the smooth execution of tasks such as mixing, transporting, and placing
concrete. As the construction and infrastructure sectors continue to grow, the
demand for concrete equipment will remain strong, positioning this sector for
long-term growth.
With
ongoing urbanization and the push for modern infrastructure, the market for
concrete equipment in India is expected to expand significantly. This growth is
supported by the need for more efficient construction processes, reduced labor
costs, and the increasing focus on safety and quality in infrastructure
projects. The rise of industrial development and real estate construction
further fuels this demand, making infrastructure development a critical driver
of the concrete equipment market in India.
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Based
on Capacity, The 60-150 m³/h held the largest market share in 2024. The range of 60-150 m³/h (cubic meters per
hour) dominates the India Concrete Equipment market due to its optimal balance
of capacity and flexibility, which suits the majority of construction projects
in the country. This capacity range caters to a wide spectrum of construction
needs, from large-scale infrastructure projects like highways, bridges, and
industrial complexes to medium-sized residential and commercial building
projects.
One
of the primary reasons for the dominance of this range is its adaptability to
various construction requirements. For medium to large construction projects, a
concrete plant with a capacity of 60-150 m³/h ensures a continuous and
sufficient supply of concrete without causing delays or interruptions. It is an
ideal capacity for projects requiring consistent production and delivery of
ready-mix concrete in bulk. This allows for faster project execution, meeting
the rising demands for rapid construction in urban and semi-urban areas, where
large quantities of concrete are needed at frequent intervals.
The
60-150 m³/h capacity range is well-suited for India's growing infrastructure
sector. The demand for roadways, bridges, metros, and residential complexes
often necessitates large batches of concrete, yet the scale of these projects
may not require extremely large batching plants with much higher capacities.
The 60-150 m³/h capacity offers a cost-effective solution for contractors,
balancing high output with lower operational and investment costs compared to
larger-scale plants. Additionally, the maintenance and operation costs for
plants in this capacity range are more manageable for many construction
companies, particularly medium-sized businesses that need to maintain cost
efficiency while ensuring quality and consistency in their concrete supply. This
makes it a popular choice for a wide range of construction applications,
solidifying its dominance in the Indian concrete equipment market.
Based
on region, North India is the fastest-growing region in the India Concrete
Equipment market due to a combination of factors that align with the region's
rapid infrastructure development, urbanization, and government initiatives.
This growth is driven by the expanding construction activities in both urban
and rural areas, making North India a key hub for concrete equipment demand.
One
of the main factors contributing to the growth in North India is the region's
robust infrastructure projects. States like Uttar Pradesh, Haryana, Punjab, and
Delhi have seen a surge in the construction of roads, highways, metro rail
systems, and residential buildings. The government's push for infrastructure
development under initiatives like the Pradhan Mantri Awas Yojana (PMAY) and
Smart Cities Mission has created a steady demand for concrete equipment. For
instance, the development of expressways and metro projects in Delhi, Noida,
and other major cities in North India requires a large quantity of concrete,
which in turn drives the need for equipment like truck mixers, concrete pumps,
and batching plants.
Urbanization
is another key factor propelling the demand for concrete equipment in North
India. Cities such as Delhi, Gurugram, and Chandigarh are witnessing
significant growth in the real estate sector, including both commercial and
residential projects. With a rapidly growing urban population, the demand for
high-quality construction and efficient project execution is on the rise. This
necessitates the use of modern concrete equipment to ensure faster, more
precise, and higher-quality construction. Additionally, North India's growing
industrial sector is creating more demand for concrete in infrastructure
projects related to manufacturing plants, warehouses, and commercial
developments. The rise of industrial parks and logistics hubs in the region
also contributes to this growth.
Major companies
operating in the India Concrete Equipment Market are:
- Atlas Copco AB
- IHI Corporation
- Komatsu Ltd.
- Hyundai Construction Equipment Co., Ltd.
- Caterpillar Inc.
- Volvo Group
- Terex Corporation
- Doosan
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“The India Concrete Equipment market
presents significant growth opportunities driven by robust infrastructure
development, increasing urbanization, and government initiatives such as
"Smart Cities" and "Housing for All." The rising demand for
advanced, eco-friendly, and energy-efficient machinery offers prospects for
manufacturers to innovate and capture market share. Additionally, the growing
trend of equipment rental services allows small and medium-sized enterprises to
access high-quality machinery. The integration of smart technologies like IoT
and automation further enhances operational efficiency, creating opportunities
for investment in modern, technology-driven solutions. These factors position
India’s concrete equipment market for long-term growth and expansion.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“India Concrete
Equipment Market, By Equipment (Truck Mixers, Concrete Pumps,
Batching Plant, Others), By Technology (Batching, Placing), By Capacity
(150-300 m³/h, 10-20 m³/h, 60-150 m³/h, 20-60 m³/h, 0-10 m³/h) By Region,
Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Concrete Equipment Market and
provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the India Concrete Equipment Market.
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