
India Construction Equipment Market, By Solution (Product, Service); By Equipment (Heavy Construction Equipment, Compact Construction Equipment); By Propulsion Type (ICE, Electric, CNG/LNG); By Power Output (<100 HP, 101–200 HP, 201–400 HP, >401 HP); By E
Description
India Construction Equipment Market, By Solution (Product, Service); By Equipment (Heavy Construction Equipment, Compact Construction Equipment); By Propulsion Type (ICE, Electric, CNG/LNG); By Power Output (<100 HP, 101–200 HP, 201–400 HP, >401 HP); By End User (Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, Others); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
India Construction Equipment Market Size Booming to Touch USD 13 Billion by 2029
The India construction equipment market is gaining traction because of the thriving infrastructure development projects and rapid urbanization.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India construction equipment market size at USD 7.18 billion in 2022. During the forecast period between 2023 and 2029, the India construction equipment market size is projected to grow at a CAGR of 8.67% reaching a value of USD 12.78 billion by 2029. Rapid urbanization and increased public and private investments in infrastructure development projects are two key driving factors for the India construction equipment market. The Indian government’s focus on developing smart cities and expanding manufacturing sector is also expected to drive the growth of the India construction equipment market over the forecast period.
India Construction Equipment Market – Overview
Construction equipment is heavy-duty machinery and equipment designed specifically for doing construction tasks, most frequently groundwork operations. In addition to maintaining a close check on the applied quality standards, it optimizes the use of resources, such as materials, labor, finances, and the limited supply of a qualified and efficient workforce. The various types of construction equipment include those used for hoisting, excavation, hauling, grading, paving, drilling, and pile driving. Excavators, sometimes known as "diggers," are the most popular type of construction machinery because of their adaptability. On a building site, they predominate together with mining, landscaping, demolition, and other activities.
India Construction Equipment Market – By Propulsion Type
Based on propulsion type, the India construction equipment market is segmented into ICE, electric, and CNG/LNG. The ICE, or internal combustion engine, accounts for the largest market share. Compared to external combustion engines, internal combustion engines have a number of benefits. The internal combustion engine's direct fuel-to-cylinder combustion results in lesser heat loss, improved thermal efficiency, and less fuel consumption. However, the electric propulsion type is projected to register the highest CAGR during the forecast period owing to its lower emissions.
Impact of COVID-19 on the India Construction Equipment Market
The COVID-19 pandemic impeded the expansion of the India construction equipment market. Construction and infrastructure, manufacturing, mining, and other significant end-user industries of the construction equipment market were all directly affected by the lockdown that the Indian government imposed to stop the virus's spread. The supply chain disruptions and temporary shutdown of construction equipment production both had a detrimental impact on market expansion. However, the market is projected to gain its pace back over the post-COVID-19 period following the lockdown upliftment.
Competitive Landscape
Major players operating in the India construction equipment market include Caterpillar, CNH Industrial America LLC, Deere & Company, Doosan Corporation, Escorts Limited, Hitachi Construction Machinery Co., Ltd, Hyundai Construction Equipment Co., Ltd, J C Bamford Excavators Ltd, Komatsu Ltd, and Kubota Corporation.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the India Construction Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Construction Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
400 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. India Construction Equipment Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growth in Infrastructure Development
- 3.2.1.2. Increasing Urbanization
- 3.2.2. Restraints
- 3.2.2.1. High Initial Cost
- 3.2.3.Opportunities
- 3.2.3.1. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Lack Of Skilled Workforce
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. India Construction Equipment Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Solution
- 4.2.1.1. Products
- 4.2.1.2. Services
- 4.2.2. By Equipment
- 4.2.2.1. Heavy Construction Equipment
- 4.2.2.2. Compact Construction Equipment
- 4.2.3. By Propulsion Type
- 4.2.3.1. ICE
- 4.2.3.2. Electric
- 4.2.3.3. CNG/LNG
- 4.2.4. By Power Output
- 4.2.4.1. <100 HP
- 4.2.4.2. 101–200 HP
- 4.2.4.3. 201–400 HP
- 4.2.4.4. >401 HP
- 4.2.5. By End User
- 4.2.5.1. Oil & Gas
- 4.2.5.2. Construction & Infrastructure
- 4.2.5.3. Manufacturing
- 4.2.5.4. Mining
- 4.2.5.5. Others
- 4.2.6. By Region
- 4.2.6.1. North India
- 4.2.6.2. South India
- 4.2.6.3. East India
- 4.2.6.4. West India
- 5. North India Construction Equipment Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Solution
- 5.2.2. By Equipment
- 5.2.3. By Propulsion Type
- 5.2.4. By Power Output
- 5.2.5. By End User
- 6. South India Construction Equipment Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Solution
- 6.2.2. By Equipment
- 6.2.3. By Propulsion Type
- 6.2.4. By Power Output
- 6.2.5. By End User
- 7. East India Construction Equipment Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Solution
- 7.2.2. By Equipment
- 7.2.3. By Propulsion Type
- 7.2.4. By Power Output
- 7.2.5. By End User
- 8. West India Construction Equipment Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Solution
- 8.2.2. By Equipment
- 8.2.3. By Propulsion Type
- 8.2.4. By Power Output
- 8.2.5. By End User
- 9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Construction Equipment Market Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 10. Impact of Covid-19 on India Construction Equipment Market
- 11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Caterpillar
- 11.2. CNH Industrial America LLC.
- 11.3. Deere & Company
- 11.4. Doosan Corporation
- 11.5. Escorts Limited
- 11.6. Hitachi Construction Machinery Co., Ltd.
- 11.7. Hyundai Construction Equipment Co., Ltd.
- 11.8. J C Bamford Excavators Ltd.
- 11.9. Komatsu Ltd.
- 11.10. KUBOTA Corporation
- 11.11. Other Prominent Players
- 12. Key Strategic Recommendations
- 13. Research Methodology
- 13.1.Qualitative Research
- 13.1.1.Primary & Secondary Research
- 13.2.Quantitative Research
- 13.3.Market Breakdown & Data Triangulation
- 13.3.1.Secondary Research
- 13.3.2.Primary Research
- 13.4.Breakdown of Primary Research Respondents, By Region
- 13.5.Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 India Construction Equipment Segmentation
- Figure 2 India Construction Equipment Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Figure 5 India Construction Equipment Market Share, By Solution, By Value, 2019–2029
- Figure 6 India Construction Equipment Market Share, By Equipment, By Value, 2019–2029
- Figure 7 India Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029
- Figure 8 India Construction Equipment Market Share, By Power Output, By Value, 2019–2029
- Figure 9 India Construction Equipment Market Share, By End User, By Value, 2019–2029
- Figure 10 India Construction Equipment Market Share, By Region, By Value, 2019–2029
- Figure 11 North India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Figure 12 North India Construction Equipment Market Share, By Solution, By Value, 2019–2029
- Figure 13 North India Construction Equipment Market Share, By Equipment, By Value, 2019–2029
- Figure 14 North India Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029
- Figure 15 North India Construction Equipment Market Share, By Power Output, By Value, 2019–2029
- Figure 16 North India Construction Equipment Market Share, By End User, By Value, 2019–2029
- Figure 17 South India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Figure 18 South India Construction Equipment Market Share, By Solution, By Value, 2019–2029
- Figure 19 South India Construction Equipment Market Share, By Equipment, By Value, 2019–2029
- Figure 20 South India Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029
- Figure 21 South India Construction Equipment Market Share, By Power Output, By Value, 2019–2029
- Figure 22 South India Construction Equipment Market Share, By End User, By Value, 2019–2029
- Figure 23 East India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Figure 24 East India Construction Equipment Market Share, By Solution, By Value, 2019–2029
- Figure 25 East India Construction Equipment Market Share, By Equipment, By Value, 2019–2029
- Figure 26 East India Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029
- Figure 27 East India Construction Equipment Market Share, By Power Output, By Value, 2019–2029
- Figure 28 East India Construction Equipment Market Share, By End User, By Value, 2019–2029
- Figure 29 West India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Figure 30 West India Construction Equipment Market Share, By Solution, By Value, 2019–2029
- Figure 31 West India Construction Equipment Market Share, By Equipment, By Value, 2019–2029
- Figure 32 West India Construction Equipment Market Share, By Propulsion Type, By Value, 2019–2029
- Figure 33 West India Construction Equipment Market Share, By Power Output, By Value, 2019–2029
- Figure 34 West India Construction Equipment Market Share, By End User, By Value, 2019–2029
- List of Tables
- Table 1 India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Table 2 India Construction Equipment Market Size, By Solution, By Value, 2019–2029
- Table 3 India Construction Equipment Market Size, By Equipment, By Value, 2019–2029
- Table 4 India Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029
- Table 5 India Construction Equipment Market Size, By Power Output, By Value, 2019–2029
- Table 6 India Construction Equipment Market Size, By End User, By Value, 2019–2029
- Table 7 India Construction Equipment Market Size, By Region, By Value, 2019–2029
- Table 8 North India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Table 9 North India Construction Equipment Market Size, By Solution, By Value, 2019–2029
- Table 10 North India Construction Equipment Market Size, By Equipment, By Value, 2019–2029
- Table 11 North India Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029
- Table 12 North India Construction Equipment Market Size, By Power Output, By Value, 2019–2029
- Table 13 North India Construction Equipment Market Size, By End User, By Value, 2019–2029
- Table 14 South India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Table 15 South India Construction Equipment Market Size, By Solution, By Value, 2019–2029
- Table 16 South India Construction Equipment Market Size, By Equipment, By Value, 2019–2029
- Table 17 South India Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029
- Table 18 South India Construction Equipment Market Size, By Power Output, By Value, 2019–2029
- Table 19 South India Construction Equipment Market Size, By End User, By Value, 2019–2029
- Table 20 East India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Table 21 East India Construction Equipment Market Size, By Solution, By Value, 2019–2029
- Table 22 East India Construction Equipment Market Size, By Equipment, By Value, 2019–2029
- Table 23 East India Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029
- Table 24 East India Construction Equipment Market Size, By Power Output, By Value, 2019–2029
- Table 25 East India Construction Equipment Market Size, By End User, By Value, 2019–2029
- Table 26 West India Construction Equipment Market Size, By Value (USD Million), 2019–2029
- Table 27 West India Construction Equipment Market Size, By Solution, By Value, 2019–2029
- Table 28 West India Construction Equipment Market Size, By Equipment, By Value, 2019–2029
- Table 29 West India Construction Equipment Market Size, By Propulsion Type, By Value, 2019–2029
- Table 30 West India Construction Equipment Market Size, By Power Output, By Value, 2019–2029
- Table 31 West India Construction Equipment Market Size, By End User, By Value, 2019–2029
- Table 32 Caterpillar Company Overview
- Table 33 Caterpillar Financial Overview
- Table 34 CNH Industrial America LLC. Company Overview
- Table 35 CNH Industrial America LLC. Financial Overview
- Table 36 Deere & Company: Company Overview
- Table 37 Deere & Company Financial Overview
- Table 38 Doosan Corporation Company Overview
- Table 39 Doosan Corporation Financial Overview
- Table 40 Escorts Limited Company Overview
- Table 41 Escorts Limited Financial Overview
- Table 42 Hitachi Construction Machinery Co., Ltd. Company Overview
- Table 43 Hitachi Construction Machinery Co., Ltd. Financial Overview
- Table 44 Hyundai Construction Equipment Co., Ltd. Company Overview
- Table 45 Hyundai Construction Equipment Co., Ltd. Financial Overview
- Table 46 J C Bamford Excavators Ltd. Company Overview
- Table 47 J C Bamford Excavators Ltd. Financial Overview
- Table 48 Komatsu Ltd. Company Overview
- Table 49 Komatsu Ltd. Financial Overview
- Table 50 KUBOTA Corporation Company Overview
- Table 51 KUBOTA Corporation Financial Overview
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