INDIA CONSTRUCTION EQUIPMENT MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

India Construction Equipment Market is Segmented by Equipment Type (Earthmoving and Road Construction Equipment, Material Handling Equipment, Concrete Equipment, and Material Processing Equipment), and Drive Type (Hydraulic and Electric/Hybrid). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

INDIA CONSTRUCTION EQUIPMENT MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

India Construction Equipment Market Size

India Construction Equipment Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.91 Billion
Market Size (2030) USD 11.78 Billion
CAGR (2025 - 2030) 8.30 %
Market Concentration Medium

Major Players

India Construction Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Construction Equipment Market Analysis

The India Construction Equipment Market size is estimated at USD 7.91 billion in 2025, and is expected to reach USD 11.78 billion by 2030, at a CAGR of 8.3% during the forecast period (2025-2030).

Improvement in road construction infrastructure, increasing urbanization rate, and higher investment to boost infrastructure activities serve as the major determinants for the growth of construction equipment in India. With better road transportation infrastructure and a rise in urban population, there exists a greater demand for convenience in personal mobility, healthcare, sanitation, and water supply, among others, which in turn contributes to the boosting demand for construction equipment, attributed to the growth in the construction sector across India. For instance,

The urban population as a percentage of the overall population in India stood at 36% in 2022, compared to 34% in 2018. As more consumers shift to urban spaces for better employment and financial opportunities, various states must enhance their transportation infrastructure to adapt to the growing urban population, which would, in turn, positively impact the construction equipment market in India.

Coupled with that, the government's investment in developing an efficient road connectivity infrastructure propels the demand for construction equipment market in India owing to the rise in construction activities. In June 2023, the Ministry of Highways and Transport notified that the total length of the national highways in the country increased by about 59% in the last nine years. The total length of National Highways stood at 91,287 km in 2013-14, which increased to 1,44,634 km as of 30 November 2022. Rapid improvement and investment in enhancing national highway infrastructure assist in the surging demand for advanced construction equipment products in India.

One of the major challenges faced by the industry is the increasing demand for rental construction equipment, which hinders the growth of new construction equipment sales. The purchase of this equipment is an expensive affair. Therefore, construction contractors prefer to avail of rental services rather than invest in expanding their construction equipment fleet. Further, the cost for replacement and maintenance is exorbitantly high, which leads to various construction companies renting these machinery rather than purchasing new equipment.

However, with the integration of technologically advanced products in the market and advancement and the growth in the real estate sector anticipated in the coming years, the demand for construction equipment to witness a rapid surge. The government of India's Housing for All 2022 initiative is expected to bring USD 1.3 trillion in investments in the housing sector by 2025. Further, the Pradhan Mantri Awas Yojana (Urban) [PMAY (U)] scheme is expected to push affordable housing and construction in the country and give a boost to the real estate sector. Substantial investment in the real estate sector will drive higher demand for the construction equipment market in India for renovation and new building construction activities.

India Construction Equipment Industry Overview

The market is fragmented and competitive, with various domestic and international companies operating across India. Some of the major players include Caterpillar, Komatsu, Volvo Construction Equipment, JCB, Tata Hitachi Construction Machinery, XCMG, SANY, and Hyundai Construction Equipment, among others. These players compete based on various parameters such as price, diversified product portfolio, financing options, maintenance & repair support, and geographical coverage across India, among others.

Various companies operating in the ecosystem are actively engaging in forming partnerships and collaborations and launching new products to enhance their brand presence and expand their business capability across India. For instance,

In January 2023, Komatsu India displayed their new product named HB365LC-1 hybrid excavator at the ConExpo India Trade Fair 2023 in Noida-NCR. The product is claimed to be at least 20% more energy efficient and helps reduce carbon emissions compared to conventional equipment.

In November 2022, JCB India announced its partnership with Federal Bank, a private sector lender, to boost financing options of prospective buyers willing to purchase construction equipment. Under the arrangement, Federal Bank will be the preferred finance partner of the construction equipment manufacturer, where JCB's customers can avail of loans from the lender at competitive interest rates.

India Construction Equipment Market Leaders

  1. Caterpillar Inc.

  2. Komatsu Ltd.

  3. Volvo Construction Equipment

  4. JCB

  5. Tata Hitachi Construction Machinery Company Pvt Ltd

  6. *Disclaimer: Major Players sorted in no particular order
India Construction Equipment Market.png
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India Construction Equipment Market News

  • August 2023: SANY India, a leading manufacturer of construction equipment, announced the delivery of 8 units of the SANY SCC7500A 750 Ton crawler cranes in the first quarter of the financial year 2023-24, to Sanghvi Movers Limited, one of the largest crane rental company in India.
  • February 2023: To manufacture environmentally friendly construction equipment products, Volvo Construction Equipment launched its first electric compact excavator, named EC55, in India during the ConExpo trade fair.
  • February 2023: Another leading construction company, XCMG, showcased six of its new customized products at 2023 ConExpo INDIA, which was held from January 31 to February 3 at the India Expo Center in New Delhi. This helped the company gain 300 prospective clients and received pre-sale orders for nearly 100 units of equipment in total.
  • January 2023: Komatsu India, a fully owned subsidiary of Komatsu, Japan, rolled out bio-diesel compatible off-highway trucks from its state-of-the-art manufacturing facility located at Oragadam near Chennai. This launch is in line with the company's long-term commitment to combat environmental impacts by manufacturing eco-friendly products.
  • September 2022: Schwing Stetter India, a leading concreting and construction equipment manufacturer, announced the launch of its new range of equipment - XCMG hydraulic excavator and wheel loader.

India Construction Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Government Spending on Construction and Infrastructure Development
    • 4.1.2 Others
  • 4.2 Market Restraints
    • 4.2.1 High Cost Associated with Maintaining and Replacing Construction Equipment
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 By Equipment Type
    • 5.1.1 Earthmoving and Road Construction Equipment
    • 5.1.1.1 Excavator
    • 5.1.1.2 Backhoe Loader
    • 5.1.1.3 Wheeled Loader
    • 5.1.1.4 Motor Grader
    • 5.1.1.5 Other Earthmoving and Road Construction Equipments (Road Roller, etc.)
    • 5.1.2 Material Handling Equipment
    • 5.1.2.1 Crane
    • 5.1.2.2 Forklift & Telescopic Handler
    • 5.1.2.3 Other Material Handling Equipments (Articulated Boom Lifts, etc.)
    • 5.1.3 Concrete Equipment
    • 5.1.3.1 Asphalt Finishers
    • 5.1.3.2 Transit Mixers
    • 5.1.3.3 Other Concrete Equipments (Concrete Pumps, Batching Plants, etc.)
    • 5.1.4 Material Processing Equipment (Crushing Equipment)
  • 5.2 By Drive Type
    • 5.2.1 Hydraulic
    • 5.2.2 Electric/Hybrid

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Caterpillar
    • 6.2.2 Komatsu
    • 6.2.3 Volvo Construction Equipment
    • 6.2.4 JCB
    • 6.2.5 XCMG
    • 6.2.6 SANY
    • 6.2.7 Hyundai Construction Equipment
    • 6.2.8 Tata Hitachi Construction Machinery
    • 6.2.9 Liebherr
    • 6.2.10 Kobelco
    • 6.2.11 Zoomlion
    • 6.2.12 Action Construction Equipment
    • 6.2.13 Terex
    • 6.2.14 BEML
    • 6.2.15 CASE

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Adoption of Electric/Hybrid Machinery Compared to Traditional Hydraulic Machinery
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India Construction Equipment Industry Segmentation

Construction equipment refers to machines or devices drawn as trailers designed and used for construction, tree trimming, and allied construction activities. The construction equipment market consists of a wide range of companies involved in designing, manufacturing, and selling construction machinery to its end users across India.

The India construction equipment market is segmented by equipment type and drive type. By equipment type, the market is segmented into earthmoving and road construction equipment (excavator, backhoe loader, wheeled loader, motor grader, and others), material handling equipment (crane, forklift & telescopic handler, and others), concrete equipment (asphalt finishers, transit mixers, and others), and material processing equipment (crushing equipment). By drive type, the market is segmented into hydraulic and electric/hybrid.

The report offers market size and forecast value (USD) for all the above segments.

By Equipment Type Earthmoving and Road Construction Equipment Excavator
Backhoe Loader
Wheeled Loader
Motor Grader
Other Earthmoving and Road Construction Equipments (Road Roller, etc.)
Material Handling Equipment Crane
Forklift & Telescopic Handler
Other Material Handling Equipments (Articulated Boom Lifts, etc.)
Concrete Equipment Asphalt Finishers
Transit Mixers
Other Concrete Equipments (Concrete Pumps, Batching Plants, etc.)
Material Processing Equipment (Crushing Equipment)
By Drive Type Hydraulic
Electric/Hybrid
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India Construction Equipment Market Research Faqs

How big is the India Construction Equipment Market?

The India Construction Equipment Market size is expected to reach USD 7.91 billion in 2025 and grow at a CAGR of 8.30% to reach USD 11.78 billion by 2030.

What is the current India Construction Equipment Market size?

In 2025, the India Construction Equipment Market size is expected to reach USD 7.91 billion.

Who are the key players in India Construction Equipment Market?

Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, JCB and Tata Hitachi Construction Machinery Company Pvt Ltd are the major companies operating in the India Construction Equipment Market.

What years does this India Construction Equipment Market cover, and what was the market size in 2024?

In 2024, the India Construction Equipment Market size was estimated at USD 7.25 billion. The report covers the India Construction Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Construction Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Construction Equipment Industry Report

The India Construction Equipment Market is witnessing remarkable growth, driven by the increasing demand for heavy construction equipment across various sectors such as infrastructure, construction, mining, oil & gas, and manufacturing. This market growth is supported by government initiatives aimed at enhancing infrastructure development. The trend towards urbanization and the need for improved transport infrastructure are also significant factors contributing to the market's expansion.

The market is segmented by equipment type, including earthmoving and road construction equipment, material handling equipment, concrete equipment, and material processing equipment. Additionally, there is a shift towards electric and hybrid models, aligning with global sustainability goals. Market leaders are focusing on strategic partnerships, technological advancements, and product innovations to meet the evolving industry demands.

The competitive landscape and the push for eco-friendly construction practices offer opportunities for growth, particularly in technological integration and sustainable solutions. According to industry reports, the market's expansion is detailed through statistics on share, size, revenue growth rate, and a forecast outlook. These reports provide a comprehensive analysis and historical overview of the India Construction Equipment market.

Industry analysis reveals that the market size and market share are key indicators of the market's performance. Industry trends and market trends highlight the ongoing changes and developments within the sector. Market analysis and industry analysis offer insights into the market's dynamics, while industry outlook and market outlook provide future projections.

The market forecast and market predictions indicate a positive trajectory for the market, with significant growth expected. Industry statistics and market data support these projections, providing a detailed overview of the market's current state. The report pdf and report example offer valuable resources for further research and analysis.

Overall, the India Construction Equipment Market is poised for substantial growth, driven by various factors such as government initiatives, urbanization, and the shift towards sustainable practices. The industry's focus on technological advancements and strategic partnerships will further enhance its growth prospects.