India Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

Description

List of Tables

The report considers the present scenario of the Indian construction equipment market and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. 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, and can operate on muddy and uneven surfaces, making it extremely popular in the Indian construction market.
Various civil engineering works and smart city projects prompt demand for mini excavators in the market. The real estate and affordable housing projects support the demand for large towers and fixed cranes in the Indian market.
The infrastructure investment in 2021 and the national infrastructure development plan drive the construction industry growth. The government's focus on renewable energy resources for power generation will attract significant FDI inflows in 2021.
The surge in commodities prices and rise in demand for coal and iron ore in the market supports the country's mining industry growth. And government initiatives of make in India & Amtanirbar Bharat encourage the development of manufacturing sectors.
The surge in infrastructure development projects across India such as Delhi-Mumbai Trade Corridor ($90 billion), Gujarat International Finance Tec-City ($20 billion), Chennai Metro Rail ($14.9 billion) and Diamond Quadrilateral ($13 billion). The Indian Railway infrastructure will see an investment of $715.4 billion by 2030. The Indian energy sector is expected to offer an investment opportunity by $300 billion over the next 10 years. In 2020-2021, the communication sector had allocated $5.36 billion to develop the post and telecommunications departments.
Real estate sector in India is expected to reach $1 trillion by 2030. As per the projected growth trends during the pre-COVID-19 era, the sector's contribution was likely to rise to 13% of India's GDP by 2025. As per ICRA estimates, Indian firms are expected to raise $48 billion through infrastructure and real estate investment trusts in 2022.
According to ICEMA, apart from COVID-19 related supply chain disruptions, the construction equipment industry is facing the challenges due to abnormal increase in steel prices since July 2020. In 2022, demand for steel is expected to increase by 17% to 110 million tones, driven by rising construction activities.

INDIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

The earthmoving segment is the largest in the Indian construction industry, followed by material handling and road construction equipment. Excavators and Backhoe loaders were the fast-growing major construction equipment in the market in 2021. The demand for excavators and backhoe loaders will rise due to various government investments in infrastructure development, growth in renewable energy and the country's mining industries.

Segmentation by Earthmoving Equipment:

Excavator
Backhoe Loaders
Motor Graders
Other Earthmoving Equipment (Others loaders, Bulldozers, Trenchers)

Segmentation by Road Construction Equipment

Road Rollers
Asphalt Pavers

Segmentation by Material Handling Equipment

Crane
Forklift & Telescopic Handlers
Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)

Segmentation by End Users

Construction
Manufacturing
Mining
Others

VENDOR LANDSCAPE

JCB is the leading manufacturer of Backhoe loaders in India. ACE is India's leading material handling and construction equipment manufacturing company with a majority market share in hydraulic cranes, mobile cranes and tower cranes segment.

Key Vendors

Caterpillar
Komatsu
Volvo Construction Equipment
JCB
XCMG
SANY
Hyundai Construction Equipment
TATA Hitachi
Liebherr
Kobelco
Zoomlion Heavy Industry Science & Technology Co. Ltd
L&T Construction & Mining Machinery
Action Construction Equipment Limited

Distributor Profile

V Enterprises
OMCME
GS Sethi & Sons
MM Brothers
Gainwell Commosales Pvt. Ltd.
Encore

Product Code: ARZCE220114

Section 1 - Introduction

Market Snapshot
Executive Summary

Section 2 - The Market Overview

Economic Scenario, Foreign Direct Investment

Section 3 - India Construction Equipment (Type & Application)

3.1 India Construction Equipment Market by Type (Volume & Value)

3.1.1. Earth Moving Equipment

1. Excavator
2. Backhoe Loader
3. Motor Grader
4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

3.1.2. Road Construction Equipment

1. Asphalt Paver

2. Road Roller

3.1.3. Material Handling Equipment

1. Crane

2. Forklift and Telescopic Handler

3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

3.2 India Construction Equipment Market by Application (Volume & Value)

1. Construction

2. Mining

3. Manufacturing

4. Others (Power Generation and Utilities, Municipal Corporation etc)

Section 4: Market Dynamics

Market Drivers, Restraints, Trends, Key Economic Regions in India, Advantage India, FDI in India, Import/Export Trend Analysis, Supply chain, COVID-19 Impact

Section 5: Technology Development

Advent of Technology

Section 6 - Competitive Landscape

1. Competitive Landscape Overview
2. Major Vendors Caterpillar India | Komatsu India | XCMG | SANY India | Hyundai Construction Machinery India | Volvo Construction Equipment India | Tata Hitachi Construction Machinery | JCB India | Liebherr | Kobelco India | L&T | ACE | Zoomlion
3. Distributors Profile

Section 7-Quantitative Summary

Section 8 - Report Summary

1. Key Insights
2. Abbreviations
3. List of Graphs
4. List of Tables

Section 9 - Report Scope & Definition

1. Research Methodology
2. Market Definition, Inclusion & Exclusion

Product Code: ARZCE220114

LIST OF EXHIBITS

Graph-1 India Construction Equipment Market by Volume (Unit sales) 2019-2028
Graph-2 India Construction Equipment Market by Type 2021 Volume Share (%)
Graph-3 India Construction Equipment Market by Volume 2019-2028 (Unit Sales)
Graph-4 India Construction Equipment Market by Value 2019-2028 ($ MN)
Graph-5 India Construction Equipment Market by Application 2021 (% share)
Graph-6 India Construction Equipment Market by Type 2021 (% share)
Graph-7 GDP of India Value ($ BN) 2015-2020
Graph-8 India Investments in various Sectors 2021 ($BN)
Graph-9 India Construction Equipment Market by Type 2019-2028 (Unit Sales)
Graph-10 India Construction Equipment Market by Type 2021 Volume Share (%)
Graph-11 India Construction Equipment Market by End - Users 2019-2028 (Unit Sales)
Graph-12 India Earthmoving Equipment 2019-2028 (Unit Sales)
Graph-13 India Earthmoving Equipment 2019-2028 ($MN)
Graph-14 India Excavators Market 2019-2028 (Unit Sales)
Graph-15 India Excavators Market 2019-2028 ($MN)
Graph-16 India Backhoe Loaders Market 2019-2028 (Unit Sales)
Graph-17 India Backhoe Loaders Market 2019-2028 ($ MN)
Graph-18 India Motor Graders Market 2019-2028 (Unit Sales)
Graph-19 India Motor Graders Market 2019-2028 ($ MN)
Graph-20 India Other Earthmoving Equipment 2019-2028 (Unit Sales)
Graph-21 India Other Earthmoving Equipment 2019-2028 ($ MN)
Graph-22 India Road Construction Equipment Market 2019-2028 (Unit Sales)
Graph-23 India Road Construction Equipment Market 2019-2028($ MN)
Graph-24 India Road Rollers Market 2019-2028 (Unit Sales)
Graph-25 India Road Rollers Market 2019-2028 ($ MN)
Graph-26 India Asphalt Pavers Market 2019-2028 (Unit Sales)
Graph-27 India Asphalt Pavers Market 2019-2028($ MN)
Graph-28 India Material Handling Equipment Market 2019-2028 (Unit Sales)
Graph-29 India Material Handling Equipment Market 2019-2028 ($ MN)
Graph-30 India Forklifts & Telescopic Handlers Market 2019-2028 (Unit Sales)
Graph-31 India Forklifts & Telescopic Handlers Market 2019-2028 ($ MN)
Graph-32 India Cranes Market 2019-2028 (Unit Sales)
Graph-33 India Cranes Market 2019-2028 ($ MN)
Graph-34 India Aerial Platforms Market 2019-2028 (Unit Sales)
Graph-35 India Aerial Platforms Market 2019-2028 ($ MN)
Graph-36 India Construction Equipment Market 2019-2028 (Unit Sales)
Graph-37 India Construction Equipment Market 2019-2028 ($ MN)
Graph-38 India Manufacturing Construction Equipment Market 2019-2028 (Unit Sales)
Graph-39 India Manufacturing Construction Equipment Market 2019-2028 ($ MN)
Graph-40 India Mining Construction Equipment Market 2019-2028 (Unit Sales)
Graph-41 India Mining Construction Equipment Market 2019-2028 ($MN)
Graph-42 India Others Construction Equipment Market 2019-2028 (Unit Sales)
Graph-43 India Others Construction Equipment Market 2019-2028 ($ MN)
Graph-44 FDI Inward Flow ($ BN)
Graph-45 FDI Investment in Construction Sector by value ($ MN)
Graph-46 Import Value of Construction Equipment 2019 ($ MN)
Graph-47 Export Value of Construction Equipment 2019 ($ MN)
Graph-48 Caterpillar, Revenue 2018-2020 ($ BN)
Graph-49 Caterpillar: Sales by Region (% share)
Graph-50 Caterpillar: Total Revenue by Segment 2020 ($ MN)
Graph-51 Komatsu, Net sales 2018-2020 ($ BN)
Graph-52 Komatsu: Breakdown of Net Sales by Segment 2020 ($ BN)
Graph-53 Volvo: Net sales 2016-2020 ($ BN)
Graph-54 Volvo: Sales by Region ($ MN)
Graph-55 Hyundai Construction Equipment: Revenue (2018-2020) ($ MN)
Graph-56 Tata Hitachi Construction Equipment 2018-2020 ($ MN)
Graph-57 Liebherr: Revenue 2016-2020 ($ BN)
Graph-58 Liebherr: Revenue by Segment 2020 (%Share)
Graph-59 Kobelco Net sales 2016-2020 ($ BN)
Graph-60 Zoomlion Net sales 2017-2020 ($ BN)
Graph-61 L&T Construction and Mining Machinery Revenue 2017-2021 ($ BN)
Graph-62 Action Construction Equipment 2019-2022 ($ MN)
Graph-63 Sales by Products in 2019 (%)

LIST OF TABLES

Table-1 Sectors receiving Major FDI Investments 2020(%)
Table-2 Major Countries Investing 2020 (%)
Table-3 India Construction Equipment Market by Volume 2019-2028
Table-4 India Construction Equipment by Type 2019-2018
Table-5 India Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)
Table-6 India Material Handling Equipment Market Size & Forecast by Type (Volume, Units)
Table-7 India Road Construction Equipment Market Size & Forecast by Type (Volume, Units)
Table-8 India Construction Equipment Market Size & Forecast by End-user (Units)
Table-9 India Construction Equipment Market by Value 2019-2028
Table-10 India Construction Equipment by Type 2019-2018
Table-11 India Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)
Table-12 India Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)
Table-13 India Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)
Table-14 India Construction Equipment Market Size & Forecast by End-user

India Construction Equipment Market - Strategic Assessment & Forecast 2022-2028

Description

Table of Contents

List of Tables

TABLE OF CONTENTS

LIST OF EXHIBITS