The India crane market reached approximately USD 1.07 Billion in 2024. The market is projected to grow at a CAGR of 5.10% between 2025 and 2034, reaching a value of around USD 1.76 Billion by 2034.
India Crane Market Growth
The mining sector in India witnessed a total of 1,319 mines reporting mineral production in the fiscal year 2021-22. India's diverse mineral production includes 95 different minerals, ranging from fuel to metallic, non-metallic, atomic, and minor minerals. This abundance of mineral resources has significantly boosted mining activities across the country. Cranes are essential in the mining sector, playing a crucial role in handling heavy loads, transporting materials, and supporting construction and maintenance tasks. In underground mining, cranes are indispensable for moving equipment and materials through shafts and tunnels, improving operational efficiency and safety.
In 2022, the India logistics sector represented 14.4% of the overall GDP of the country, buoyed by technological advancements and the flourishing e-commerce industry. The Indian government is also introducing various initiatives to streamline logistics operations and lower logistics costs. Cranes are essential in the logistics sector, boosting the effectiveness, safety, and efficiency of various activities. From loading and unloading goods to constructing logistics infrastructure and automating warehouse systems, cranes play a crucial role in contemporary logistics. With the sector progressing, the requirement for advanced and dependable crane solutions is anticipated to increase, propelling further advancements and enhancements in crane technology customised to the specific demands of logistics operations.
India Crane Industry Segmentation
“India Crane Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Mobility
Static
Mobile
Market Breakup by Type
Overhead Travelling Crane
Transporter Crane
Gantry Crane
Bridge Crane
Tower Crane
Others
Market Breakup by Sales Channel
OEM
Aftermarket
Market Breakup by Region
East India
West and Central India
North India
South India
India Crane Market Share
Based on mobility, the market is segmented into static and mobile. The mobile segment is projected to grow at a CAGR of 5.7% during the forecast period of 2025-2034. Mobile cranes offer numerous benefits across various sectors due to their versatility, efficiency, and ease of use. Their high mobility enables easy transport to different job sites. Additionally, their ability to manoeuvre around a site and quickly reposition makes them ideal for projects that require lifting tasks in multiple locations.
Leading Companies in the India Crane Market
Major market players are focusing on the adoption of advanced technologies to gain a competitive edge.
Action Construction Equipment Ltd.
Tata Hitachi Construction Machinery Company Private Limited
TIL Limited
Kobelco Construction Machinery Co., Ltd.
Konecranes
Cranex Limited
SNK Project Aiders Pvt Ltd.
Hydrolift
Liebherr Group
Liftboy Industries
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Crane Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Crane Historical Market (2018-2024)
- 5.3 Asia Pacific Crane Market Forecast (2025-2034)
- 6 India Crane Market Overview
- 6.1 Key Industry Highlights
- 6.2 India Crane Historical Market (2018-2024)
- 6.3 India Crane Market Forecast (2025-2034)
- 7 India Crane Market by Mobility
- 7.1 Static
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Mobile
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 India Crane Market by Type
- 8.1 Overhead Travelling Crane
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Transporter Crane
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Gantry Crane
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Bridge Crane
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Tower Crane
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 India Crane Market by Sales Channel
- 9.1 OEM
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Aftermarket
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 India Crane Market by Region
- 10.1 East India
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 West and Central India
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 North India
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South India
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Action Construction Equipment Ltd.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Tata Hitachi Construction Machinery Company Private Limited
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 TIL Limited
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Kobelco Construction Machinery Co., Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Konecranes
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Cranex Limited
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 SNK Project Aiders Pvt Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Hydrolift
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Liebherr Group
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Liftboy Industries
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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