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The India crane market is expected to exhibit a CAGR of 6.44% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A crane is a type of construction machinery extensively used in the transport industry to load and unload freight and in the manufacturing industry for assembling heavy machinery. This piece of machinery is powered by hydraulics and internal combustion engine systems that provide greater lifting capabilities. In India, cranes are employed to construct all types of structures ranging from high-rise office building to modular home constructions.
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The India crane market is primarily driven by the increasing construction and infrastructural activities in the country. Cranes are used in various processes and discrete industries like power, oil and gas, civil engineering, construction, and petrochemical industries to lift and transport heavy materials that are beyond manual labor capability. Furthermore, the Government of India is spending a considerable amount of money on the development of the nation’s infrastructure like roads, airports, railways, commercial spaces, and housing establishments, which is positively impacting the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the India crane market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
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Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Million |
| Segment Coverage | Product Type, Application, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India crane market to exhibit a CAGR of 6.44% during 2022-2027.
The introduction of advanced cranes, that utilize hydraulic and internal combustion engine systems to
provide greater lifting capabilities, is primarily driving the India crane market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across the nation resulting in the temporary halt in numerous construction and
infrastructural activities, thereby limiting the overall demand for cranes.
Based on the product type, the India crane market has been segmented into mobile cranes, marine and
port cranes, and fixed cranes. Currently, mobile cranes hold the majority of the total market share.
Based on the application, the India crane market can be divided into construction and infrastructure,
mining, oil and gas, and others. Among these, the construction and infrastructure sector exhibits a clear
dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India,
and East India, where North India currently dominates the India crane market.
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