India Construction Equipment, Market By Segment (Earth Moving Equipment, Material Handling Equipment, etc.), By Product Type (Backhoe Loaders, Hydraulic Excavators, Pick & Carry Cranes, etc.), By Region, Competition, Forecast & Opportunities, 2025
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:
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:
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:
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).
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
- 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.
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
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
- Earth Moving Equipment
- Material Handling Equipment
- Concrete Mixing Equipment
- Road Construction Equipment
- By Product Type
- Backhoe Loaders
- Hydraulic Excavators
- Pick & Carry Cranes
- Transit Mixer
- Forklifts
- Batching Plants
- Concrete Pump
- Wheel Loader
- Asphalt Mixing Plant
- Wheel Asphalt Pavers
- Compaction Equipment
- Crawler Excavators
- Mobile Compressors
- Mobile Cranes excluding Pick & Carry Cranes
- Motor Graders
- Rigid Dump Trucks
- By Region
- East
- West
- North
- South
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).
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
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
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
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
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 (%)
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 (%)
