India construction equipment market is projected to cross $ 4.7 billion by 2025, on account of anticipated growth in construction industry, increasing foreign investments, and rising number of smart city projects in the country. India construction equipment market is broadly segmented into Earth Moving, Material Handling, Concrete Mixing, and Road Construction Equipment. Earth Moving segment is expected to continue its dominance during the forecast period, however, the Concrete Mixing segment is anticipated to witnessed fastest growth over the next five years.  Based on specific product type segmentation, the market is dominated by backhoe Loaders, followed by Crawler Excavators, Forklifts, and Pick & Carry Cranes. Demand for such products is expected to continue growing in the coming years owing to the factors such as increasing project sizes, shorter completion time, and demand for customized and multipurpose equipment by end-users.

Government initiatives focused on infrastructure development are further boosting demand for construction equipment in India. Some of the largest projects include Smart City Mission, AMRUT (Atal Mission for Rejuvenation of Urban Transformation), Metro Rail in urban areas, Bharatmala, and Sagarmala, among others. In addition, government is also supporting the construction equipment market by liberalizing taxation policies for construction industry such as GST and custom duty. In 2018, the government of India reduced the GST on construction equipment from 28% to 18%, which will help the construction equipment manufacturers to reduce the overall cost of equipment and other operational losses. However, the global economic slowdown and spread of COVID-19 pandemic pose a huge imminent challenge for India construction equipment market.

Years considered for this report:

Historical Years: FY2015 – FY2019

Base Year: FY2019

Estimated Year: FY2020

Forecast Period: FY2020 – FY2025F

Objective of the Study:

To study India construction equipment market scenario, which covers earth moving equipment, material handling equipment, concrete equipment, and road construction equipment.

To analyze and forecast the market size of India construction equipment market.

To classify and forecast India construction equipment market on the basis of segment, product type, region and company.

To identify drivers and challenges for India construction equipment market.

To identify market trends & developments for India construction equipment market.


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Some of the major players operating in India construction equipment market include JCB India Limited, Action Construction Equipment Limited, BEML Limited, L&T Construction Equipment Limited, Greaves Cotton Limited, Mahindra Construction Co. Ltd. and many more.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of India construction equipment companies. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size for India construction equipment market using a bottom-up and top-down approach, wherein India construction equipment companies’ revenue for different products (backhoe loaders, hydraulic excavators, pick & carry cranes, transit mixer, forklifts, and others) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated by analyzing historical data of respective construction equipment companies to arrive at the overall market size. Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.

Key Target Audience:

  • Construction equipment companies, manufacturers and dealers
  • Major end-users of construction equipment market
  • Government and financial institutions
  • Associations, organizations, forums and alliances related to construction equipment market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as construction equipment companies, distributors and policy makers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India construction equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         By Segment

o    Earth Moving Equipment

o    Material Handling Equipment

o    Concrete Mixing Equipment

o    Road Construction Equipment

·         By Product Type

o    Backhoe Loaders

o    Hydraulic Excavators

o    Pick & Carry Cranes

o    Transit Mixer

o    Forklifts

o    Batching Plants

o    Concrete Pump

o    Wheel Loader

o    Asphalt Mixing Plant

o    Wheel Asphalt Pavers

o    Compaction Equipment

o    Crawler Excavators

o    Mobile Compressors

o    Mobile Cranes excluding Pick & Carry Cranes

o    Motor Graders

o    Rigid Dump Trucks

·         By Region

o    East

o    West

o    North

o    South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India construction equipment market.

Available Customizations: With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information: Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Market Segment Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

4.1.    Factors Influencing Purchase Decision

4.2.    Brand Recall

4.3.    Brand Satisfaction Level

5.       India Construction Industry Overview

6.       India Construction Equipment Production Scenario

7.       India Construction Equipment Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Segment (Earth Moving, Material Handling, Concrete Mixing, Road Construction Equipment and Others)

7.2.2.By Product Type (Backhoe Loaders, Hydraulic Excavators, Pick & Carry Cranes, Transit Mixer, Forklifts, Batching Plants, Concrete Pump, Wheel Loader, Road Roller Machine, Asphalt Mixing Plant, Truck Crane, Wheel Asphalt Pavers, Compaction Equipment, Crawler Excavators, Mobile, Compressors, Mobile Cranes, Motor Graders, Rigid Dump Trucks)

7.2.3.By Region

7.2.4.By Company

7.3.    Product Market Map (By Segment & By Region)

8.       India Earth Moving Equipment Market Outlook

8.1.       Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Product Type

8.2.2.8.3               Product Market Map (By Product Type)

9.       India Material Handling Equipment Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Product Type

9.2.2.9.3               Product Market Map (By Product Type)

10.   India Concrete Equipment Market Outlook

10.1.                     Market Size & Forecast

10.1.1.    By Value & Volume

10.2.                     Market Share & Forecast

10.2.1.    By Product Type

10.2.2.    10.3        Product Market Map (By Product Type)

11.   India Road Construction Equipment Market Outlook

11.1.                     Market Size & Forecast

11.1.1.    By Value & Volume

11.2.                     Market Share & Forecast

11.2.1.    By Product Type

11.2.2.    11.3        Product Market Map (By Product Type)

12.   Market Dynamics

12.1.   Drivers

12.2.   Challenges

13.   Market Trends & Developments

14.   Policy & Regulatory Landscape

15.   India Economic Profile

16.   Competitive Landscape

16.1.JCB India Limited

16.2.Action Construction Equipment Limited

16.3.BEML Limited

16.4.L&T Construction Equipment Limited

16.5.Greaves Cotton Limited

16.6.Mahindra Construction Co. Ltd.

16.7.McNally Sayaji Engineering Company Limited

16.8.Kobelco Construction Equipment India Pvt. Ltd

16.9.Apollo Infratech Pvt. Ltd

16.10.   Putzmeister Concrete Machines Pvt. Ltd

17.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1: India Construction Equipment Market Size, By Value (USD Million), By Volume (000’ Units), 2015-2025F

    Figure 2: India Construction Market  Size, By Value, 2015-2025F (INR Billion)

    Figure 3: Manufacturing Sector’s Contribution to India’s GDP, 2014-2019

    Figure 4: India Construction Equipment Market Share, By Segment, By Volume, 2015-2025F

    Figure 5: India Construction Equipment Market Share, By Product Type, By Volume, 2015-2025F

    Figure 6: India Construction Equipment Market Share, By Region, By Volume (000’ Unit), 2019 & 2025F

    Figure 7: India Earth Moving Equipment Market Share, By Company, By Value, 2019

    Figure 8: India Concrete Equipment Market Share, By Company, By Value, 2019

    Figure 9: India Material Handling Equipment Market Share, By Company, By Value, 2019

    Figure 10: India Road Construction Equipment Market Share, By Company, By Value, 2019

    Figure 11: Segment Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

    Figure 12: Region Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

    Figure 13: India Earth Moving Equipment Market Size, By Value (USD Million), By Volume (000’ Units), 2015-2025F

    Figure 14: Growth in Infrastructure Activities, By Sector, 2018-19 (%)

    Figure 15: Housing Shortage in Urban and Rural India, 2010, 2015 and 2025 (Million Units)

    Figure 16: India Earth Moving Equipment Market Share, By Product Type, By Volume (000’ Units), 2015-2025F

    Figure 17: Product Type Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

    Figure 18: India Material Handling Equipment Market Size, By Value (USD Million), By Volume (000’ Units), 2015-2025F

    Figure 19: Highway Construction in India (Km), FY2014-FY2019

    Figure 20: City-Wise Demand for Commercial Space in India, 2019 (Million Square Foot)

    Figure 21: India Material Handling Equipment Market Share, By Product Type, By Volume (000’ Units), 2015-2025F

    Figure 22: Product Type Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

    Figure 23: India Concrete Equipment Market Size, By Value (USD Million), By Volume (000’ Units), 2015-2025F

    Figure 24: India Real Estate Market Size, FY08-FY28F (USD Billion)

    Figure 25: Declared Government Investments in Rural and Urban Areas Till 2022 in India (USD Million)

    Figure 26: India Concrete Equipment Market Share, By Product Type, By Volume (000’ Units), 2015-2025F

    Figure 27: Product Type Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

    Figure 28: India Road Construction Equipment Market Size, By Value (USD Million), By Volume (000’ Units), 2015-2025F

    Figure 29: Infrastructure Investment in India, During 2008-12, 2013-17, and 2018-2022F (USD Million)

    Figure 30: India Road Construction Equipment  Market Share, By Product Type, By Volume (000’ Units), 2015-2025F

    Figure 31: Product Type Map-Market Size, By Volume (000’ Units) & Growth Rate (%)

     

    List of Tables

    Table 1: Release of Funds Under Smart City Mission, By Major State/UT, 2019 (INR Crore)

    Table 2: Partial List of Upcoming Construction Projects in India, By Building Name, By City, By Height (Meter), By Number of Floors, By End User, By Completion Year, As of 2018

    Table 3: Partial List of Proposed Construction Projects in India, By Building Name, By City, By Height (Meter), By Number of Floors, By End User, By Completion Year, As of 2018

    Table 4: Number of Proposed Smart Cities in India, By State (As of January 2020)

    Table 5: Partial List of Recent Development in Airport Projects / Aviation Sector

    Table 6: Partial List of Upcoming Smart Cities on Delhi-Mumbai Industrial Corridor, By State