The India heavy-duty construction equipment market is projected to grow at a modest CAGR of 6.7% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rise in construction and mining activities in the country.

Construction Equipment Market Trends . The global construction equipment market size was valued at USD 207.14 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2030. Rapid …

Mining Equipment Market Size & Trends. The global mining equipment market size was estimated at USD 141.31 billion in 2023 and is expected to expand at a compounded annual growth rate (CAGR) of 5.2% from 2023 to 2030. Ongoing digital mine innovation is expected to transform the key aspects of mining during the next few years.

This continuous growth in infrastructure, mining and construction projects is anticipated to enhance the application scope of earth moving equipment. Thus, the construction and earth moving equipment market in India is expected to grow at a healthy CAGR of 20 to 25 per cent over the next few years, from FY13-14 levels of 48,000 units.

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment (CE) industry has recorded a 26% increase in overall sales volume for FY 2023-24, surpassing …

The Indian Construction Equipment (CE) Industry witnessed an 8% de-growth in Financial Year 2021-22 (FY22), with sales having dropped to 85,385 units during the year as compared to …

The volumes in Indian mining and construction equipment industry (MCE) registered a 25% YoY growth in 11M FY2024 as the Government accelerated infrastructure spending ahead of the …

During FY 2021-22, the construction equipment industry in India experienced a degrowth of 8 percent due to the global slowdown connected to the COVID-19 pandemic, constraints in the supply chain, and a hike in the value of steel and allied commodities. ... there was a surge in requirements of heavy-duty construction equipment from the mining ...

By 2025, the Electrical equipment industry, comprising generation and T&D equipment, is targeted to reach a size of $100 Bn. By 2025, the T&D equipment segment is targeted to reach a size of $75 Bn. FDI is allowed under the automatic …

Construction Equipment Market Size, Growth Report & Forecast [471 Pages Report] The global construction equipment market worldwide size is valued at USD 149.7 billion in 2023 and is expected to reach USD 194.7 billion by 2030, …

As per industry experts, with equipment sales rising by nearly a fifth during the April-December 2023 period, the total number of units sold by March 2024 is likely to be in the range of 125,000-130,000, breaking the previous year's record. Policy action needed. In July 2023, members of the Indian Construction Equipment Manufacturers ...

India construction equipment market is expected to grow at a CAGR of over 8.9% from 2022 to 2028 and is expected to reach over $8.7 billion by 2028 from $5.2 billion in 2022.

India Material Handling Equipment Market size is expected to reach by 2027, at a CAGR of 9.8% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, …

*India holds a fair advantage in cost of production and conversion costs in steel and alumina. * As of FY22, the number of reporting mines in India were estimated at 1,319, of which reporting mines for metallic minerals were estimated at 545 and non-metallic minerals at 775. * India is the second-largest crude steel producer in the world. * India is the 2nd largest Aluminium …

Industry related publications Mining companies Equipment financing companies 68,500 87,800 85,000 67,000 59,200 -10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 ... Account Name Indian Construction Equipment Manufacturers Association Bank Name HDFC Bank Ltd Bank Branch Jorbagh Market, New Delhi 110003

With increased governmental spending in sectors such as transportation, broadband, and clean energy, PE firms may pursue more buying opportunities in the construction sector. 35 Between August 2023 and July 2024, there were …

India Construction Equipment Market size is projected to grow at CAGR of 23.3% during 2021-27 ... Revenue, Size, Companies, Growth, Industry, Trends, Analysis, COVID-19 IMPACT, Value & Share. License Type (Single, …

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 …

This research was an attempt to assess the current status of the construction equipment industry in India and the underlying opportunities and challenges. ... India's Construction Equipment Industry Analysis. Info: 19137 words (77 pages ... The construction and mining equipment industry is dominated by a few large manufacturers in each product ...

The road, material handling and material processing equipment segments reported flattish volumes, according to the data. Road construction drives 35-45 per cent of MCE sales in the country, followed by mining (20-30 per cent share), real estate (10-20 per cent), and others. The report said that going forward, healthy outlay in the Union Budget for the Jal Jeevan …

Inc. held the largest share of the global construction and mining equipment market in 2021 with 19.6 percent. ... Construction equipment revenue in India from FY 2007 to FY 2023 ...

The global construction equipment market is estimated at US$ 192 billion in 2021 and is expected to grow at a strong CAGR of more than 5% during the forecast period, driven by growing sales in China, India, and Latin American economies. Urbanization and road construction activities are undoubtedly playing a major role in the overall picture of the Indian construction …

The India construction market size was $792.1 billion in 2023 and will achieve an AAGR of more than 5% during 2025-2028. The India construction market research report offers a comprehensive understanding of project types and construction activities in the country. The market report further discusses the key sectors in the construction market and their drivers.

The study includes the volume and value sales with a segment analysis of the Indian construction equipment market. India construction equipment market is is expected to grow at a CAGR of 8.9% during 2022-2028 KEY HIGHLIGHTS IN THE REPORT. India is the largest market for Backhoe loaders in the world. The equipment is highly flexible, cheaper ...

Indian Construction Industry is segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy …

RationalStat believes the India construction equipment market is mainly driven by robust economic development, substantial infrastructure investments, growing OEM presence, higher FDIs in construction sector, and …

Ritu Goswami AVP and Sector Head, Corporate Ratings, ICRA The Indian construction equipment (CE) industry's annual sales volumes saw their best-ever performance in FY2023, crossing the historic 1.0 lakh …

The global construction equipment market size was valued at USD 151.60 billion in 2023. The market is projected to grow from USD 161.45 billion in 2024 to USD 271.30 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period.

Mining Equipment Market size was valued at US$ 118,237.5 Mn in 2022 and is projected to reach US$ 191,814.2 Mn by 2030, recording a CAGR of 6.23% during the forecast period.

During FY 2021-22, the construction equipment industry in India experienced a degrowth of 8 percent due to the global slowdown connected to the COVID-19 pandemic, constraints in the supply chain, and a hike in the value …