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 (<60 HP, 61-101 HP, 102-200 HP, and >201 HP)

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Most Exhaustive Report

70 Pages

12 Tables

8 Charts

1 Regions

1 Countries

17 Companies

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 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. 

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 - 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 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 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

India crawler excavator market was valued at USD 29,200 thousand in 2018.
Automation, IoT, and various other advanced technologies to boom in the excavator market in India.
The increasing of construction and agricultural activities are expected to drive the demand for crawler excavators.
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.
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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