INDIA CRAWLER EXCAVATOR MARKET SIZE WILL REACH UNIT SALES OF 34,366 BY 2027, GROWING AT A CAGR OF 5.41% DURING THE PERIOD 2021-2027

The India Crawler Excavator Market Research Report includes by Excavator Type and Operating Weight (Mini (less than 6 tons), Small (6-15 tons), Medium (15-30 tons), and Large (above 30 tons)), Application (Construction, Mining, Agriculture, Forestry, and Others), and Gross Power (201 HP)

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70 Pages

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12 Tables

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8 Charts

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1 Regions

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1 Countries

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17 Companies

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3 Market Segment

INDIA CRAWLER EXCAVATOR MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VOLUME) 34,366 Units (2027)
CAGR 5.41% (2021 – 2027)
Base Year 2020
Historic Year 2018 - 2019
Forecast Year 2021-2027
EXCAVATOR TYPE AND OPERATING WEIGHT Mini (less than 6 tons), Small (6-15 tons), Medium (15-30 tons), and Large (above 30 tons)
APPLICATION Construction, Mining, Agriculture, Forestry, and Others
GROSS POWER OUTPUT <60 HP, 61-101 HP, 102-200 HP, and >201 HP
KEY 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

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 - SEGMENTATION 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 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. 

KEY HIGHLIGHTS FROM THE REPORT

  • Excavators used in the Indian construction equipment 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 - 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.

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 an outlook and opportunity analysis forecast in terms of
    • Volume (Unit sales)
      • Excavator Type and Operating Weight
      • Application
      • Gross Power Output
    • Value(Revenue)
      • 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 the 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 significant vendors 

KEY VENDORS

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, and Hyundai Construction Equipment

Other Prominent Vendors: LeeBoy, Sumitomo Construction Machinery, Mahindra, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Kubota Machinery, Ingersoll Rand, Liebherr Group

Frequently Asked Questions

What was the value of the India crawler excavator market in 2018?

India crawler excavator market was valued at USD 29,200 thousand in 2018.

What are the technological developments in the excavator market in India?

Automation, IoT, and various other advanced technologies to boom in the excavator market in India.

What are the factors driving the demand for crawler excavators?

The increasing of construction and agricultural activities are expected to drive the demand for crawler excavators.

Who are the top players in the India Crawler Excavator Market?

Tata Hitachi Construction Machinery (THCM), Bharat Earth Movers Limited (BEML), Komatsu, JCB, Doosan Excavator, Caterpillar, SANY, Volvo Construction Equipment, Kobelco Construction Equipment India, and Hyundai Construction Equipment are the top players in the India crawler excavator market.

What is the impact of COVID-19 on the crawler excavator market growth?

Despite the severe impact of COVID-19, India's manufacturing sector improved in last quarters of 2020, thereby positively impacting the growth of the India crawler excavator market.

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The India crawler excavator market is expected to show incremental growth of 13,547 units. 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. 

Base Year: 2020 

Forecast Year: 2021-2027 

Scope: The report considers the present scenario of the crawler excavator market in India 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 segment analysis of the India crawler excavator market.

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

Market Segmentation by Excavator Type and Operating Weight

  • Mini (less than 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

  • Less than 60 HP
  • 61-101 HP
  • 102-200 HP
  • Greater than 201 HP

Section1 – 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

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

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

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

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