India Crawler Excavator Market – Strategic Assessment & Forecast 2021-2027

July 2021 | 70 pages | ID: ID2B2BA6B132EN
Arizton Advisory & Intelligence

Abstracts

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this India Crawler Excavator Market Report

India crawler excavator market to grow at a CAGR of 5.41% during the period 2018-2027.

Increasing demand for crawler excavators is attributed to investments by developed countries, favorable government policies and FDIs, shifting focus toward domestic manufacturing and upcoming industrial developments in the mining and construction industries are major drivers in the market.

The report considers the present scenario of the India crawler excavator market in India and its market dynamics for the forecast period 2021?2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with segment analysis of the India crawler excavator market.

KEY HIGHLIGHTS FROM THE REPORT

• Excavators used in the construction industry accounted for the largest market share of around 39%.
• Big projects such as Sagarmala, Bharatmala Programme for port modernization, Airport up-gradation and development, increasing connectivity and port-linked industrial hubs, AMRUT, Jal Marg Vikas, Diamond Quadrilateral for high-speed railways, river linkages, and bullet trains are set to increase the demand for excavators across India.
• India’s crawler excavator market by mining is expected to reach 6,598 units by 2027, growing at a CAGR of 5.79%.
• 102-200 hp gross power excavator accounted for the largest market share of around 42.2%.

INDIA CRAWLER EXCAVATOR MARKET INSIGHTS

• Urbanization and rapidly growing investments in the infrastructure sector and other government strategic initiatives will further push the construction sector, creating growth opportunities in the market.
• The Indian crawler excavator market is witnessing rapid growth in demand for medium crawler excavators.
• The government is focusing on green building projects to promote demand for fuel-efficient, lesser emission crawler excavators.
• Increasing government initiatives such as increasing the steel production capacity to 300 Mt by 2030 indicates future demand for large excavators used in mining.
• Exploration activities are doubled by implementing about 400 mineral exploration projects on various mineral commodities and will witness high demand in the crawler excavators across India.
• Due to the increased procurement and maintenance cost of excavators, rentals are preferred by the contractors; thus, the rental market in the future will rise eventually in the India crawler excavator market.
• Through advanced analytics, Caterpillar assisted dealers in better forecasting customers’ demand and enable them to improve parts availability in the Indian excavator market.

INDIA CRAWLER EXCAVATOR MARKET - VENDOR LANDSCAPE

Manufacturers are making operational advances in their excavator motors, hydraulic systems, structures, tracks, and cab construction to improve their telematics fuel efficiency and competitiveness. With several global players, the need for product differentiation has led to the up-gradation of technology such as remote access, autonomous machines etc. Integration of IoT is expected to be the next big thing in the India crawler excavator market. One of the key vendors BEML is planning to develop products in view of technological developments such as the adoption of AI-enabled technologies on BEML products.

Major Vendors

• Tata Hitachi Construction Machinery (THCM)
• Bharat Earth Movers Limited (BEML)
• Komatsu
• JCB
• Doosan Excavator
• Caterpillar
• SANY
• Volvo Construction Equipment
• Kobelco Construction Equipment India
• Hyundai Construction Equipment

Other Prominent Vendors

• LeeBoy
• Sumitomo Construction Machinery
• Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
• Kubota Machinery
• Ingersoll Rand
• Liebherr Group

INDIA CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS

• >200hp demand is majorly driven by mining activities which are expected to witness significant growth with the government plan to implement 400 exploration projects as allowing 100% FDI in mining sectors.
• Roads & highways generate secondary demand for cement, steel & other minerals and will further boost the demand for crawler excavators.
• Excavators beyond 30 tons are used majorly for mining apart from heavy construction work.

Market Segmentation by Excavator Type and Operating Weight

• ((Mini (>6 tons)
• Small (6-15 tons)
• Medium (15-30 tons)
• Large (above 30 tons))

Market Segmentation by Application

• Construction
• Mining
• Agriculture
• Forestry
• Others

Market Segmentation by Gross Power Output

• 61-101 HP
• 102-200 HP
• >201 HP

WHY SHOULD YOU BUY THIS REPORT?

• This report is among the few in the market that offers outlook and opportunity analysis
• forecast in terms of
• Volume (Unit sales)
• Type
• Excavator Type and Operating Weight
• Application
• Gross Power Output
• Gain competitive intelligence about the economic scenario, advantages in India, major
• projects and investments, market dynamics, market share
• Examples of latest technologies
• Get presentation-ready format and easy-to-interpret data
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the
• India crawler excavator market
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market
• Company Profile of 16 major vendors

KEY QUESTIONS ANSWERED:

1. What was the unit volume of the India crawler excavator market in 2018?
2. What are the technological developments in the excavator market in India?
3. What are the factors driving the demand for crawler excavators?
4. Who are the top players in the India Crawler Excavator Market?
5. What is the impact of COVID-19 on the crawler excavator market growth?

Contents

Section 1 – Introduction
Market Snapshot
Executive Summary
Section 2 – The Market Overview
Economic Scenario, Advantage India, Equipment Financing
Section 3- Technological Advances
Technology Adoption by Major Vendors with Examples
Section 4 Market Dynamics
Market Drivers, Restraints, Trends
Section 5 – India Crawler Excavator Market (Type & Operating Weight)

1. INDIA CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY TYPE (OPERATING WEIGHT)

Mini Crawler Excavator, Market Size and Forecast, Volume, 2018-2027
Small Crawler Excavator, Market Size and Forecast, Volume, 2018-2027
Medium Crawler Excavator, Market Size and Forecast, Volume, 2018-2027
Large Crawler Excavator, Market Size and Forecast, Volume, 2018-2027

2. INDIA CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY APPLICATION

Crawler Excavator, Construction, Market Size and Forecast, Volume, 2018-2027
Crawler Excavator, Mining, Market Size and Forecast, Volume, 2018-2027
Crawler Excavator, Agriculture, Market Size and Forecast, Volume, 2018-2027
Crawler Excavator, Forestry, Market Size and Forecast, Volume, 2018-2027
Crawler Excavator, Others, Market Size and Forecast, Volume, 2018-2027
India Rental Crawler Excavator Market 2018–2027 (US$ MN)

3. INDIA CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY GROSS POWER

Crawler Excavator Market by Gross Power Output, Crawler Excavator Market by Gross Power Output, 61 hp-101 hp, Volume, 2018-2027
Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume, 2018-2027
Crawler Excavator Market by Gross Power Output, >201 hp, Volume, 2018-2027
Section 6 – Market Landscape

1. SUPPLY CHAIN ANALYSIS

2. KEY HIGHLIGHTS

3. COVID-19 IMPACT ANALYSIS

Section 7 – Competitive Landscape

1. COMPANY PROFILE OF MAJOR VENDORS (KOMATSU, HITACHI CONSTRUCTION MACHINERY, BEML, KOBELCO, CATERPILLAR, HYUNDAI CONSTRUCTION EQUIPMENT, DOOSAN, JCB, SANY, VOLVO CONSTRUCTION EQUIPMENT)

2. OTHER PROMINENT VENDORS

Section 8 – Report Summary

1. KEY INSIGHTS

Section 9 – Appendix

1. RESEARCH METHODOLOGY

2. RESEARCH OBJECTIVE

3. MARKET DEFINITION, INCLUSION & EXCLUSION

List Of Exhibits

LIST OF EXHIBITS

Exhibit 1 India Crawler Excavator Market Volume (Unit Sales) 2018-2027
Exhibit 2 India Crawler Excavator Market by Volume (Unit Sales), 2018-2027
Exhibit 3 India Crawler Excavator Market by Application 2020 (% volume share)
Exhibit4 India Crawler Excavator Market by Gross Power 2020 (% volume share)
Exhibit 5 India Crawler Excavator Market by Type (Operating Weight) 2018–2027 (Unit Sales)
Exhibit 6 India GDP in Current Prices 2015-2020 (US$ BN)
Exhibit 7 Opportunities in Different Sectors (US$ BN)
Exhibit 8 FDI (April 2000 to December 2020) (US$ MN)
Exhibit 9 India’s FDI Inflow for Earth Moving Equipment (INR MN)
Exhibit 10 Major Investing Countries
Exhibit 11 FDI Inflow in India ($ bn)
Exhibit 12 India Crawler Excavator Market by Excavator Type 2018-2027 (Unit Sales)
Exhibit 13 India Crawler Excavator Market by Gross Power Output 2018-2027 (Unit Sales)
Exhibit 14 India Crawler Excavator Market by Application 2018-2027 (Unit Sales)
Exhibit 15 India Mini Excavator Market 2018–2027 (Unit Sales)
Exhibit 16 India Small Excavator Market 2018–2027 (Unit Sales)
Exhibit 17 India Medium Excavator Market 2018–2027 (Unit Sales)
Exhibit 18 India Large Excavator Market 2018–2027 (Unit Sales)
Exhibit 19 India’s GDP by Major Industries (INR BN)
Exhibit 20 Union Budget (US$ BN)
Exhibit 21 India Crawler Excavator Market by Construction 2018–2027 (Unit Sales)
Exhibit 22 India Crawler Excavator Market by Mining 2018–2027 (Unit Sales)
Exhibit 23 India Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)
Exhibit 24 India Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)
Exhibit 25 India Crawler Excavator Market by Others 2018–2027 (Unit Sales)
Exhibit 26 India Rental Crawler Excavator Market 2018–2027 (US$ MN)
Exhibit 27 India Gross Power Output <60 HP Excavator Market 2018–2027 (Unit Sales)
Exhibit 28 India Gross Power Output 61 HP-101 HP Excavator Market 2018–2027 (Unit Sales)
Exhibit 29 India Gross Power Output 102 HP-200 HP Excavator Market 2018–2027 (Unit Sales)
Exhibit 30 India Gross Power Output >201 HP Excavator Market 2018–2027 (Unit Sales)
Exhibit 31 Credit to GDP Gap
Exhibit 32 Debt Service Ratio of Private Non-financial Sector
Exhibit 33 Caterpillar; Total Sales and Revenue by Segment 2019 ($ Billion)
Exhibit 34 Komatsu; Total Sales and Revenue by Segment 2019 (%)
Exhibit 35 Beml; Total Sales and Revenue by Segment 2019-2020 (%)
Exhibit 36 Tata Hitachi; Total Sales and Revenue by Segment 2019-2020 (%)
Exhibit 37 Jcb; Total Sales and Revenue by Segment 2019-2020 (%)
Exhibit 38 Hyundai Construction Equipment; Total Sales and Revenue by Segment 2019-2020 (%)

List Of Tables

LIST OF TABLES

Table 1 Government Infrastructure Development Projects
Table 2 Major Investment in Countries, 2020-2021 (%)
Table 3 Future Outlook Crawler Excavator market
Table 4 Investment across User Industry
Table 5 Real GDP Growth Rates (%)
Table 6 Key Insights