Press Release

Earth Moving Equipment’s Will Continue to Dominate Construction Equipment’s $5.3 Bn Market by 2023 in India

Growing government expenditure on infrastructure sector coupled with rising pace of construction activities to drive India construction equipment market through FY2024

According to TechSci Research report, India Construction Equipment Market By Segment, By Product Type, Competition Forecast & Opportunities, FY2012 – FY2024, construction equipment market in India is projected to surpass $ 5.3 billion by the end of FY2024. Growth in the market is anticipated to be driven by increasing investments in residential, infrastructure and energy projects coupled with rapid urbanization and rising number of government initiatives to aid the country’s infrastructure sector. Moreover, increasing demand for customized equipment and rising number of public private partnerships are few of the other major factors expected to boost demand for construction equipment in India in the coming years.

Browse 93 market data Figures and Tables spread through 125 Pages and an in-depth TOC on "India Construction Equipment Market"

According to a consumer survey conducted by TechSci Research, JCB India grabs the highest consumer satisfaction level among all construction equipment companies operating in India in terms of product quality, price and performance. The company also holds the largest market share, owing to its collaboration with construction companies and strong sales network across the country. In 2017, backhoe loader dominated India construction equipment market and the segment is expected to lead the market during the forecast period as well, owing to its use across residential/commercial setups, especially, for high rise building construction projects. In 2017, East region dominated the country’s construction equipment market, as several large-scale projects are being undertaken in the region. However, growth in the country’s West region is expected to outpace all other regions, with the West region emerging as the largest regional market by FY2024.

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“Various upcoming infrastructure projects coupled with rising government expenditure on public infrastructure and construction sector in the country is anticipated to push the country’s construction equipment market during the forecast period. Moreover, favorable government policies and surging foreign investments in construction equipment market are expected to positively influence the construction equipment market in India over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Construction Equipment Market By Segment, By Product Type, Competition Forecast & Opportunities, FY2012 – FY2024 has analyzed the potential of construction equipment market across the country, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry. 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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The major drivers for the India Construction Equipment Market are robust infrastructure development projects and urbanization, as well as a growing emphasis on mechanization and efficiency in the construction industry.

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