The India heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.6% over the forecast period (2021-2027). The key aspect that drives the growth of the India heavy-duty construction equipment market is the need to meet the infrastructural demand of the public is anticipated to drive the demand for heavy-duty construction equipment in the country. India is a developing country where rapid urbanization and industrialization are the major motivators for the growth of the construction industry. As per Invest in India, in 2019, the building and construction industry contributed 9% to the GDP growth of India. In 2019, Approximately $16.6 billion new investments in the construction industry were made in India.
Browse the full report description of "India Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment, Material Handling Equipment, and Other Heavy-Duty Construction Equipment), By Applications (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/india-heavy-duty-construction-equipment-market
It is also predicted that by 2025, the construction sector of India will emerge as the third-largest sector across the globe. By 2022, the construction industry is expected to record a CAGR of 15.7% to reach $738.5 billion by 2022. Thus, this is likely to create significant scope for the heavy-duty construction equipment in the country. Further, the presence of the key players such as Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others also contributes to the market growth over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
India Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
By Industry
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