India Crane Market - Strategic Assessment & Forecast 2021-2027
INDIA CRANE MARKET SIZE WILL BE VALUED AT USD 1.3 BILLION AND TO REACH A VOLUME OF 15,665 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 5.56% BY VOLUME DURING 2021-2027
INDIA CRANE MARKET SIZE WILL BE VALUED AT USD 1.3 BILLION AND TO REACH A VOLUME OF 15,665 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 5.56% BY VOLUME DURING 2021-2027
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INDIA CRANE MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size (Revenue) | USD 1.3 BILLION (2027) |
| Market Size (Unit Shipment) | 15,665 UNITS (2027) |
| CAGR (Volume) | 5.56 (2021-2027) |
| Base Year | 2020 |
| Historic Year | 2018-2019 |
| Forecast Year | 2021-2027 |
| Crane Type | Mobile Crane (Crawler Cranes, Rough Terrain Cranes, All Terrain Cranes, Truck Mounted Cranes and Others), and Fixed Cranes (Overhead Cranes and Tower Cranes) |
| Application | Construction, Mining, Transport/Port, Manufacturing, and Others |
| Gross Power | Less than 20 Tons, 20-100 Tons, 101-200 Tons, and Greater than 201 Tons |
INDIA CRANE MARKET INSIGHTS
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In 2019, India became the 15th leading exporter of cranes in the world. This position will improve in the forecast period as the government plans to spend money on infrastructure to grow the country's manufacturing sector.
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Automated safety features added recently in the products will provide players a significant edge over other players.
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In India, the rental business is rising rapidly. With most OEMs offering rental services in this space, the major part of the rental equipment market in India is dominated by unorganized players.
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The government of India has gradually liberalized the foreign investment provisions. The current Foreign Investment Regulations allow 100% foreign investment in most sectors open to private investment in India.
INDIA CRANE MARKET SEGMENTATION ANALYSIS
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A rough terrain crane is preferred due to its compact frame. They are suitable for navigating through and lifting in confined areas.
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The construction of the "Gujarat International finance Tec-city (GIFT city)" boosts the development of new projects in the region. Thereby driving demand for tower cranes as they are commonly used to build tall structures such as skyscrapers.
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According to the organization for economic cooperation and development (OECD) construction industry will stabilize and register an annual growth of more than 1% in 2021. It will be supported by investments in the transport, renewable energy, telecommunication, and manufacturing sectors and will propel growth in the Indian crane market.
KEY HIGHLIGHTS FROM THE REPORT
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Over the last three to four years, the Indian crane market has witnessed growth fueled by government initiatives such as the Macron Law.
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India’s exports slowed down because of the pandemic in July 2020. But there will be growth in coming years due to the recovery of the US, Japan, and China markets which are the crucial trade partners of India.
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India offers inexpensive startup costs and operating expenses compared with other countries such as Germany, Italy, the US, and Japan, which drives the crane market in the country.
VENDOR LANDSCAPE
The vendor's ability to finance the purchasing of parts and components required to manufacture is inspired by purchasing power of contractors. New advancements in technology and facilities are expected to boost the production and product portfolio for the vendors operating in India. The investment ratio of 51:49 joint venture between Tadano and Escorts will enable both partners to improve their current and future capabilities in the segment worldwide. One of the prominent vendors, Kobelco, strengthened its profit margins in the construction equipment business with Kobelco Construction Machinery and Kobelco Cranes.
TARGET AUDIENCE:
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Top-level management personnel of existing operators/vendors
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Potential new entrants to the market
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Consultants/consultancies/advisory firms
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Professional landscaping service providers/contractors
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Corporate and governments bodies
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)
- Crane Type
- Application
- Gross Power
- Value (USD)
- Crane Type
- Application
- Gross Power
- Gain competitive intelligence about the economic scenario, advantages in India major projects and investments, dynamics, and 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 India crane market share
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market.
- Company Profile of 9 key vendors and 5 other prominent vendors
KEY VENDORS
Major Vendors: Tadano Escorts India Pvt. Ltd, Action Construction Equipment Limited (ACE), TIL Tractors Limited, Manitowoc, SANY, Kobelco Construction Equipment India (KCEI), Konecranes, Liebherr, and Terex Corporation.
Other Prominent Vendors: Zoomlion Heavy Industry, Broderson Manufacturing Corp., Comlift Hydraulics India Pvt Ltd, and Santek Equipments Pvt. Ltd
Distributors: Komatsu India Pvt. Ltd., Sanghvi Movers Limited (SML), Unicon, and Jainex
SNAPSHOT
The impact of low interest rates on the construction industry has been significant. Buyers of construction equipment in India have boosted their confidence in renewing their fleets. Furthermore, since 2017, public investment has increased. The Indian government is also taking a lot of initiatives to fund the infrastructure of the country. Additionally, the country's well-developed administration and independent judicial system and its large geography make it a resource repository.
Base Year: 2020
Forecast Year: 2021-2027
Scope: The report considers the present scenario of the India crane market and 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 a segment analysis of the United Kingdom crane market.
Major Vendors
- Tadano Escorts India Pvt. Ltd
- Action Construction Equipment Limited (ACE)
- TIL Tractors Limited
- Manitowoc
- SANY
- Kobelco Construction Equipment India (KCEI)
- Konecranes
- Liebherr
- Terex Corporation
Other Prominent Vendors
- Zoomlion Heavy Industry
- Broderson Manufacturing Corp
- Comlift Hydraulics India Pvt Ltd
- Santek Equipments Pvt. Ltd
Distributors
- Komatsu India Pvt. Ltd.
- Sanghvi Movers Limited (SML)
- Unicon
- Jainex
Segmentation by Crane Type
- Mobile Crane
- Crawler Cranes
- Rough Terrain Cranes
- All-Terrain Cranes
- Truck Mounted Cranes
- Others
- Fixed Cranes
- Overhead Cranes
- Tower Cranes
Segmentation by Application
- Construction
- Mining
- Transport/Port
- Manufacturing
- Others
Segmentation by Gross Power
- Less than 20 Tons
- 20-100 Tons
- 101-200 Tons
- Greater than 201 Tons
Frequently Asked Questions
How big is the India crane market?
What are the latest trends in the India crane market?
Who are the key players in the India crane industry?
What are the key opportunities in the mobile crane industry in India?
Which segment accounted for the highest share in India crane industry?
What are the different types of cranes covered in the research report?
Exhibit 1 India Crane Market by Volume (Unit Sales), 2018-2027
Exhibit 2 India Crane Market by Lifting Capacity, (% Volume Share) 2020
Exhibit 3 India Crane Market by Volume (Unit Sales) 2018-2027
Exhibit 4 India Crane Market by Value ($ MN) 2018-2027
Exhibit 5 India Crane Market by Application 2020 (% Volume Share)
Exhibit 6 India Crane Market by Type 2018-2027 (Unit Sales)
Exhibit 7 India GDP Value 2015-2020 ($BN)
Exhibit 8 Construction Industry Contribution to India GDP 2015-2020 (%)
Exhibit 9 FDI Inward Flow 2017-2019 ($MN)
Exhibit 10 India Crane Market by Type 2018-2027 (unit sales)
Exhibit 11 India Crane Market by Lifting Capacity 2018-2027 (unit sales)
Exhibit 12 India Crane Market by Application 2018-2027 (unit sales)
Exhibit 13 India Mobile Crane Market 2018–2027 (Unit Sales)
Exhibit 14 India Mobile Crane Market 2018–2027 ($ MN)
Exhibit 15 India Crawler Crane Market 2018–2027 (Unit Sales)
Exhibit 16 India Crawler Crane Market 2018–2027 ($ MN)
Exhibit 17 India Rough Terrain Crane Market 2018–2027 (Unit Sales)
Exhibit 18 India Rough Terrain Crane Market 2018–2027 ($ MN)
Exhibit 19 India All Terrain Crane Market 2018–2027 (Unit Sales)
Exhibit 20 India All Terrain Crane Market 2018–2027 ($ MN)
Exhibit 21 India Truck Mounted Crane Market 2018-2027 (Unit Sales)
Exhibit 22 India Truck Mounted Crane Market 2018-2027($ MN)
Exhibit 23 India Other Crane Market 2018-2027 (Unit Sales)
Exhibit 24 India Other Crane Market 2018-2027 ($ MN)
Exhibit 25 India Fixed Crane Market 2018-2027 (Unit Sales)
Exhibit 26 India Fixed Crane Market 2018-2027 ($ MN)
Exhibit 27 India Overhead Crane Market 2018-2027 (Unit Sales)
Exhibit 28 India Overhead Crane Market 2018-2027 ($ MN)
Exhibit 29 India Tower Crane Market 2018-2027 (Unit Sales)
Exhibit 30 India Tower Crane Market 2018-2027($ MN)
Exhibit 31 India Crane Market by Construction 2018–2027 (Unit Sales)
Exhibit 32 India Crane Market by Construction 2018–2027 ($ MN)
Exhibit 33 India Crane Market by Mining 2018–2027 (Unit Sales)
Exhibit 34 India Crane Market by Mining 2018–2027 ($ MN)
Exhibit 35 India Crane Market by Transport/Port 2018–2027 (Unit Sales)
Exhibit 36 India Crane Market by Transport/Port 2018–2027 ($ MN)
Exhibit 37 India Crane Market by Manufacturing 2018–2027 (Unit Sales)
Exhibit 38 India Crane Market by Manufacturing 2018–2027 ($ MN)
Exhibit 39 India Crane Market by Others 2018–2027 (Unit Sales)
Exhibit 40 India Crane Market by Others 2018–2027 ($ MN)
Exhibit 41 India Crane Lifting Capacity <20 tons Market 2018–2027 (Unit Sales)
Exhibit 42 India Crane Lifting Capacity <20 tons Market 2018–2027 ($ MN)
Exhibit 43 India Crane Lifting Capacity 20 tons- 100 tons Market 2018–2027 (Unit Sales)
Exhibit 44 India Crane Lifting Capacity 20 tons- 100 tons Market 2018–2027 ($ MN)
Exhibit 45 India Crane Lifting Capacity 101 tons- 200 tons Market 2018–2027 (Unit Sales)
Exhibit 46 India Crane Lifting Capacity 101 tons- 200 tons Market 2018–2027 ($ MN)
Exhibit 47 India Crane Lifting Capacity >201 tons Market 2018–2027 (Unit Sales)
Exhibit 48 India Crane Lifting Capacity >201 tons Market 2018–2027 ($ MN)
Exhibit 49 Tadano, Mobile Crane Sales by Region, 2020 (Unit Sales)
Exhibit 50 Manitowoc, Sales by Region (%)
Exhibit 51 Manitowoc, New Product Introduction
Exhibit 52 Liebherr, Tower Crane Sales by region, 2020 (% Share)
Exhibit 53 Liebherr, Mobile and Crawler Crane Sales by Region, 2020 (% Share)
Exhibit 54 Konecranes, Net Sales by Region, 2020 (% share)
List of Tables
Table 1 Main Invested Sectors 2020 (%)
Table 2 Main Investing Countries 2020 (%)
Table 3 Key Economic Regions in INDIA
Table 4 Major Infrastructure Projects Started in 2021
Table 5 Total Cost of Ownership of Construction Equipment
Table 6 Export of Cranes from INDIA 2019 ($MN)
Table 7 Import of Cranes to INDIA 2019 ($MN)
Table 8 Abbreviations
Table 9 Key Insights
Section 1 – Introduction
• Market Snapshot
• Executive Summary
Section 2 – The Market Overview
• Economic Scenario, FDI, Advantage of INDIA, Key Economic Regions, Import/Export Trends Analysis, Supply chain Insight, COVID-19 Impact
Section 3- Technological Advancements
• Advent of new Technology
Section 4 Market Dynamics
• Market Drivers, Restraints, Trends
Section 5 – INDIA Crane Market (Type & Application)
1. INDIA Crane Market by Crane Type
Mobile Cranes
- Crawler Cranes
- Rough Terrain Cranes
- All-Terrain Cranes
- Truck Mounted Cranes
- Others
Fixed Cranes
- Overhead Cranes
- Tower Cranes
2. INDIA Crane Market by Application
Construction Crane Market Size and Forecast, Volume & Value, 2018-2027
Mining Crane Market Size and Forecast, Volume & Value, 2018-2027
Transport/ Port Crane Market Size and Forecast, Volume & Value, 2018-2027
Manufacturing Crane Market Size and Forecast, Volume & Value, 2018-2027
Other Crane Market Size and Forecast, Volume & Value, 2018-2027
3. INDIA Crane Market by Lifting Capacity
Lifting Capacity <20 tons Market Size and Forecast, Volume & Value, 2018-2027 Lifting Capacity 20 tons- 100 tons Market Size and Forecast, Volume & Value, 2018-2027
Lifting Capacity 101 tons- 200 tons Market Size and Forecast, Volume & Value, 2018-2027
Lifting Capacity >201 tons Market Size and Forecast, Volume & Value, 2018-2027
Section 6 – Competitive Landscape
1. Company Profile of major Vendors (Liebherr, Konecranes, Kobelco, Tadano, ACE, Terex Corporation, Manitowoc, TIL, Cargotec, SANY, XCMG)
2. Other Prominent vendors
3. Distributors Profile
Section 7 – Report Summary
1. Key Insights
Section 8 – Appendix
1. Research Methodology
2. Market Definition, Inclusion & Exclusion
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Frequently Asked Questions
How big is the India crane market?
What are the latest trends in the India crane market?
Who are the key players in the India crane industry?
What are the key opportunities in the mobile crane industry in India?
Which segment accounted for the highest share in India crane industry?
What are the different types of cranes covered in the research report?
Other RELATED Reports
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India Construction Equipment Market - Strategic Assessment & Forecast 2022-2028
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