Base Year
Historical Year
Forecast Year
The India crane market reached approximately USD 1.02 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of around USD 1.60 billion by 2032.
| India Crane Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.02 |
| Market Size 2032 | USD Billion | 1.60 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.1% |
| CAGR 2024-2032 - Market by Region | South India | 5.6% |
| CAGR 2024-2032 - Market by Region | North India | 5.4% |
| CAGR 2024-2032 - Market by Mobility | Mobile | 5.7% |
| CAGR 2024-2032 - Market by Type | Tower Crane | 5.8% |
| 2023 Market Share by Region | North India | 31.2% |
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 Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Mobility
Market Breakup by Type
Market Breakup by Sales Channel
Market Breakup by Region
| CAGR 2024-2032 - Market by | Region |
| South India | 5.6% |
| North India | 5.4% |
| East India | XX% |
| West and Central India | XX% |
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 2024-2032. 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.
| 2023 Market Share by | Region |
| North India | 31.2% |
| East India | XX% |
| West and Central India | XX% |
| South India | XX% |
Major market players are focusing on the adoption of advanced technologies to gain a competitive edge.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Mobility |
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| Breakup by Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1.60 billion by 2032.
The market is being driven by rising construction activities and rising demand for mining and extraction activities.
The key trends aiding the crane market in India include technological advancements and port and marine development.
The major regions considered in the market are East India, West and Central India, North India, and South India.
The major market segmentations based on mobility of crane include static and mobile.
The major players in the market are 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, and Liftboy Industries, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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