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 Research Report includes segments by 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), and Gross Power (Less than 20 Tons, 20-100 Tons, 101-200 Tons, and Greater than 201 Tons)

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78 Pages

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9 Tables

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54 Charts

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1 Regions

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13 Companies

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4 Market Segment

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

  • In 2019, India became the 15th leading exporter of cranes in the worldThis position will improve in the forecast period as the government plans to spend money on infrastructure to grow the country's manufacturing sector.  

  • Automated safety features added recently in the products will provide players a significant edge over other players.  

  • 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. 

  • 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

INDIA CRANE MARKET SEGMENTATION ANALYSIS  

  • A rough terrain crane is preferred due to its compact frame. They are suitable for navigating through and lifting in confined areas.  

  • 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.  

  • 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

  • Over the last three to four years, the Indian crane market has witnessed growth fueled by government initiatives such as the Macron Law. 

  • 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. 

  • 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:

  • Top-level management personnel of existing operators/vendors 

  • Potential new entrants to the market 

  • Consultants/consultancies/advisory firms 

  • Professional landscaping service providers/contractors 

  • 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  

Frequently Asked Questions

How big is the India crane market? 

The India crane market size will be valued at USD 1.3 billion and to reach a volume of 15,665 units by 2027.

What are the latest trends in the India crane market? 

Urbanization, high population, and government initiatives are going to drive market demand in India crane market.

Who are the key players in the India crane industry? 

The key players in India crane industry are 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.

What are the key opportunities in the mobile crane industry in India? 

The key opportunities in the mobile crane industry in India are its widespread acceptability in a variety of end-use industries like construction, mining, and transportation. Mobile cranes are also predicted to rise in popularity in the crane rental industry due to their multiple benefits, including mobility, less installation and setup time.

Which segment accounted for the highest share in India crane industry? 

The Mobile crane segment accounted for the highest share in India crane industry.

What are the different types of cranes covered in the research report? 

The different types of cranes covered in this report are 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)

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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 

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

  1. Crawler Cranes
  2. Rough Terrain Cranes
  3. All-Terrain Cranes
  4. Truck Mounted Cranes
  5. Others

Fixed Cranes

  1. Overhead Cranes
  2. 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

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

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