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市場調查報告書
商品編碼
1546293

印度工程機械市場評估：依類型、依推進類型、依驅動類型、依功率、依應用、依最終用途行業、依地區、機會、預測，2018-2032年

India Construction Equipment Market Assessment, By Type, By Propulsion Type, By Drive Type, By Power Output, By Application, By End-use Industry, By Region, Opportunities and Forecast, FY2018-FY2032F
出版日期: | 出版商: Market Xcel - Markets and Data | 英文 146 Pages | 商品交期: 3-5個工作天內

價格

預計2025-2032年期間，印度工程機械市場規模將以11.91%的年複合成長率擴大，從2024年的73.8億美元增至2032年的181.6億美元。近年來，由於商業、住宅和工業領域建築活動的增加、政府對基礎設施發展的投資增加以及建築設備的重大技術進步，該市場經歷了顯著成長，並且預計將繼續擴大。城市化進程的加速、人口率的上升、對發展​​永續綠色項目的重視以及對現有基礎設施現代化的需求不斷增加，推動印度建築設備市場的需求。例如，2024年7月，政府宣布目標在2025年發展20萬公里的全國公路網，帶動了印度對工程機械的需求。

印度政府也宣布了2025年國內生產毛額（GDP）達到 5 兆美元的目標，以加強基礎設施以促進經濟成長。印度建築設備市場的公司計劃投資整合先進技術，以提高建築設備的性能並最大限度地減少對環境的影響。例如，Kobelco Construction Machinery Co., Ltd於2024年8月宣布將在清奈推出SK80挖土機，該挖土機配備卓越的技術和先進的液壓系統，可執行多種任務。

在印度，政府規劃道路基礎設施、機場、高速公路等基礎設施發展，推出計劃和舉措，並增加對實體基礎設施升級的投資，這推動印度建築設備市場的成長。 NIP（National Infrastructure Pipeline）等各種政府計劃，加上 "Make in India" 和 PLI（Production-Linked Incentives）計劃等其他舉措，將大幅促進印度基礎設施行業的成長，並增加對印度工程機械的需求。促進成長道路交通基礎設施的改善和城市人口的顯著增加，增加了對個人出行、衛生、醫療和供水等便利設施的需求，帶動了對建築設備的需求。

本報告調查了印度工程機械市場，提供市場概況，依類型、推進類型、驅動類型、產量、應用、最終用途行業、地區的趨勢，以及進入市場的公司簡介。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 顧客回饋

第5章 印度工程機械市場展望，2018-2032

  • 市場規模分析與預測
  • 市佔率分析與預測
  • 2024年市場地圖分析
    • 依類型
    • 依推進類型
    • 依驅動類型
    • 依輸出
    • 依用途
    • 依最終用途行業
    • 依地區

第6章 供需分析

第7章 進出口分析

第8章 波特五力分析

第9章 PESTLE分析

第10章 價格分析

第11章 市場動態

第12章 市場趨勢與發展

第13章 案例研究

第14章 競爭態勢

  • 前 5 名市場領導者的競爭矩陣
  • 前 5 名的公司的SWOT 分析
  • 前10名主要企業狀況
    • Caterpillar India Private Limited
    • Komatsu India Private Limited
    • Volvo Group India Private Limited
    • JCB India Limited
    • Tata Hitachi Construction Machinery Company Private Limited
    • BEML Limited
    • Hyundai Construction Equipment India Private Limited
    • Action Construction Equipment Limited
    • Escorts Kubota Limited
    • Sany Heavy Industry India Pvt Ltd

第15章 策略建議

第16章 查詢及免責聲明

Product Code: MX11843

India construction equipment market is projected to observe a CAGR of 11.91% during the forecast period FY2025-FY2032, rising from USD 7.38 billion in FY2024 to USD 18.16 billion in FY2032. The market has observed significant growth in recent years and is projected to maintain an expansion in the coming years owing to increasing construction activities in commercial, residential, and industrial sectors, rising investment by the government in infrastructure development, and significant technological advancement in construction equipment. Growing urbanization, increasing population rate, a greater emphasis on developing sustainable green projects, and rising requirements to modernize existing infrastructure propel India's construction equipment market demand. For instance, in July 2024, the government announced that it has been working towards the development of a national highway network of 200 thousand km by 2025, driving the demand for construction equipment in India.

The Indian government also announced a Gross Domestic Product (GDP) target of USD 5 trillion to enhance its infrastructure to reach its 2025 economic growth. Companies in the India construction equipment market are planning to invest in advancing the performance of construction equipment and integrating advanced technologies to minimize environmental impact. For instance, in August 2024, Kobelco Construction Machinery Co., Ltd. announced the launch of the SK80 Excavator in Chennai to perform a variety of tasks as it is equipped with superior technology, an advanced hydraulic system and others.

Development of Infrastructure Drives Market Demand

In India, the government is planning to develop infrastructure, including road infrastructure, airports, and highways, launch schemes and initiatives, and raise investment in upgrading physical infrastructure, which are propelling the India construction equipment market growth. Various government schemes like the National Infrastructure Pipeline (NIP) combined with other initiatives, including 'Make in India' and the production-linked incentives (PLI) scheme, to surge the growth of the infrastructure sector, propelling the growth of construction equipment in India. With improved road transportation infrastructure and a significant increase in urban population, there prevails a high demand for convenience in personal mobility, sanitation, healthcare, and water supply, among others, boosting construction equipment demand, which is accredited to the construction sector growth in India. Significant investment in infrastructure and mega-projects is driving the India construction equipment market's demand. For instance, in March 2024, the Prime Minister of India inaugurated multiple road connectivity projects in Kolkata totaling USD 1.8 billion. In addition, companies in the market are launching new construction equipment to better serve the infrastructure and deliver innovative solutions for different industries including mining, material handling, and others.

For instance, in October 2023, HD Hyundai Construction Equipment Co., Ltd. announced the introduction of a range of new equipment focused on serving the infrastructure sector and meeting the demanding requirements of the mining sector.

Technological Advancements in Equipment Propels Market Growth

Companies in the construction equipment market across India are enhancing the performance of equipment and integrating lightweight raw materials to contribute to net-zero carbon emissions. Technological advancements, including telematics, equipment, tools, smartphone applications, drones, 3D printed buildings, autonomous heavy equipment, and others, propel the India construction equipment market demand in the forecast period as advanced construction equipment offers durability and cost savings for construction companies. In addition, modern enhancements include the integration of software and digital technology to facilitate more efficient, faster, and more profitable construction procedures, improve productivity, and decrease downtime. Furthermore, companies are establishing new manufacturing facilities to produce advanced construction equipment and expanding the customer base in India.

For instance, in April 2024, Shandong Lingong Construction Machinery announced the inauguration of its first manufacturing facility in Bengaluru to provide its customers with construction equipment made in India.

Government Policies and Regulations Drive Market Growth

The Government of India is planning to invest significantly in infrastructure development, including railways, investments in roads, shipping, inland waterways, and aviation, surging the India construction equipment market growth. For instance, over the four years leading up to March 2024, the Reserve Bank of India, along with Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), collectively secured USD 15.60 billion. In addition, the government is increasing capital investment outlay for infrastructure coupled with incentivizing buyers and sellers of eco-friendly construction equipment. For instance, under the interim budget 2024-25, capital investment outlay for infrastructure has surged by 11.1% to USD 133.86 billion, which would be 3.4% of GDP. Therefore, the demand for construction equipment in India is rising significantly in the coming years.

Earth Moving and Grading Equipment Register the Largest India Construction Equipment Market Share

Earth moving and grading equipment registers the largest market share owing to technological advancement, integration of advanced technologies, and government investment in existing infrastructure. The city skylines are changing to support vertical market growth comprising commercial spaces, multiplexes, and residential complexes. Besides building construction and infrastructure, India is observing rapid expansion across the mining sector, which is propelling the India moving equipment market demand in the forecast period. In addition, in India, there are different construction contracts with customized requirements for moving equipment to reduce the cost of large-scale projects, driving the market growth for moving equipment in India.

For instance, in July 2022, Volvo Group announced the launch of the EC550E crawler excavator in India to enable customers to benefit from its industry-leading productivity, performance, and effectiveness.

Electric Propulsion Trucks are Growing Rapidly in India Construction Equipment Market

Electric propulsion trucks dominate the construction equipment market in India as this propulsion type of equipment contributes to net zero carbon emission and is cost-effective. The demand for electric construction equipment in India is rising as it requires lower maintenance costs, less risk of breakdowns, eliminates the need for fuel, and reduced operational expenses coupled with no noise pollution. The government in India is framing different policies and incentives for the sale and purchase of electric vehicles to promote the adoption rate of electric vehicles in different industries. Companies in the market are introducing efficient and advanced construction equipment to reduce air pollution and provide precise and controlled movements.

For instance, in May 2022, JCB India Limited announced the launch of a fully electric excavator, the JCB 19C-1E, the first fully electric construction equipment at Excon in Bengaluru to significantly reduce carbon emissions.

Future Market Scenario (FY2025-FY2032F)

An increase in government investment in infrastructure is projected to drive India's construction equipment market growth.

The growing production and adoption rate of construction equipment in infrastructure, building construction, and mining sectors are propelling the demand for construction equipment in India.

Government incentives and subsidies on the sale and purchase of electric construction equipment are fostering the construction equipment market growth in India.

Technological advancement in construction equipment is expected to surge the demand for heavy construction equipment in India.

Key Players Landscape and Outlook

Companies in the India construction equipment market are efficiently working on advancing the performance of construction equipment by investing in different research and development activities. Companies also integrate lightweight raw materials and components to lighten the weight of heavy vehicles and contribute to net zero carbon emissions. In addition, companies are planning to adopt different strategies, including partnerships, new product launches, collaborations, mergers, joint ventures, and others, to expand their product portfolio and footprint.

In June 2024, Action Construction Equipment Limited announced its plans to establish a joint venture with Kato Works Co. to produce medium and large-sized cranes for the rising Indian market.

In February 2024, Sany Heavy Industry India Pvt Ltd participated in the Bharat Mobility Global Expo 2024, presenting SANY's lineup of Indian-manufactured equipment and showcasing its latest innovation in the construction equipment industry.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-Added Service
    • 4.3.2. Design Compatibility
    • 4.3.3. Pricing
    • 4.3.4. Technology
    • 4.3.5. Performance
    • 4.3.6. After-Sales Assistance

5. India Construction Equipment Market Outlook, FY2018-FY2032F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Excavators
      • 5.2.1.2. Loaders and Dozers
      • 5.2.1.3. Graders
      • 5.2.1.4. Mobile Cranes
      • 5.2.1.5. Compactors
      • 5.2.1.6. Pavers
      • 5.2.1.7. Others
    • 5.2.2. By Propulsion Type
      • 5.2.2.1. ICE
      • 5.2.2.2. Electric
    • 5.2.3. By Drive Type
      • 5.2.3.1. Hydraulic
      • 5.2.3.2. Electric
      • 5.2.3.3. Hybrid
    • 5.2.4. By Power Output
      • 5.2.4.1. <100 HP
      • 5.2.4.2. 101-200 HP
      • 5.2.4.3. 201-400 HP
      • 5.2.4.4. >401 HP
    • 5.2.5. By Application
      • 5.2.5.1. Earth Moving and Grading
      • 5.2.5.2. Material Handling
      • 5.2.5.3. Concrete and Asphalt Work
      • 5.2.5.4. Transportation
      • 5.2.5.5. Others
    • 5.2.6. By End-use Industry
      • 5.2.6.1. Mining
      • 5.2.6.2. Infrastructure
      • 5.2.6.3. Building Construction
      • 5.2.6.4. Others
    • 5.2.7. By Region
      • 5.2.7.1. North
      • 5.2.7.2. East
      • 5.2.7.3. West and Central
      • 5.2.7.4. South
    • 5.2.8. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
  • 5.3. Market Map Analysis, FY2024
    • 5.3.1. By Type
    • 5.3.2. By Propulsion Type
    • 5.3.3. By Drive Type
    • 5.3.4. By Power Output
    • 5.3.5. By Application
    • 5.3.6. By End Use Industry
    • 5.3.7. By Region

6. Demand Supply Analysis

7. Import and Export Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Pricing Analysis

11. Market Dynamics

  • 11.1. Market Drivers
  • 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

  • 14.1. Competition Matrix of Top 5 Market Leaders
  • 14.2. SWOT Analysis for Top 5 Players
  • 14.3. Key Players Landscape for Top 10 Market Players
    • 14.3.1. Caterpillar India Private Limited
      • 14.3.1.1. Company Details
      • 14.3.1.2. Key Management Personnel
      • 14.3.1.3. Products and Services
      • 14.3.1.4. Financials (As Reported)
      • 14.3.1.5. Key Market Focus and Geographical Presence
      • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
    • 14.3.2. Komatsu India Private Limited
    • 14.3.3. Volvo Group India Private Limited
    • 14.3.4. JCB India Limited
    • 14.3.5. Tata Hitachi Construction Machinery Company Private Limited
    • 14.3.6. BEML Limited
    • 14.3.7. Hyundai Construction Equipment India Private Limited
    • 14.3.8. Action Construction Equipment Limited
    • 14.3.9. Escorts Kubota Limited
    • 14.3.10. Sany Heavy Industry India Pvt Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. India Construction Equipment Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2. India Construction Equipment Market, By Volume, In Units, FY2018-FY2032F
  • Figure 3. India Construction Equipment Market Share (%), By Type, FY2018-FY2032F
  • Figure 4. India Construction Equipment Market Share (%), By Propulsion Type, FY2018-FY2032F
  • Figure 5. India Construction Equipment Market Share (%), By Drive Type, FY2018-FY2032F
  • Figure 6. India Construction Equipment Market Share (%), By Power Output, FY2018-FY2032F
  • Figure 7. India Construction Equipment Market Share (%), By Application, FY2018-FY2032F
  • Figure 8. India Construction Equipment Market Share (%), By End-use Industry, FY2018-FY2032F
  • Figure 9. India Construction Equipment Market Share (%), By Region, FY2018-FY2032F
  • Figure 10. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11. By Propulsion Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 12. By Drive Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 13. By Power Output Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 14. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 15. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 16. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024