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Rigorous analysis of the structure, demand and trends for a single product.
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Objective analyses of major construction equipment manufacturers or component suppliers.
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Demand for mobile lifting equipment in India, which is dominated by locally built pick & carry cranes, came close to 12,000 units in 2018.
Sales of crawler excavators in India more than doubled between 2015 and 2018, making it the third largest excavator market in the world after China and the US. This robust growth is set to continue, and it could overtake the US in 3-4 years.
More backhoe loaders were sold in India last year than the rest of the world put together. Although this year’s general election has had an impact on sales, the segment is expected to shortly regain its former buoyancy.
Sales and production of ride-on compactors has never been higher in India, following a prolonged period of increased investment in road building
Sustained investment in the road network has driven three years of strong growth in road building equipment sales and production, with more forecast for the future.
Sales of construction equipment including mobile cranes grew 35 per cent in India last year. It was the third successive year of robust growth, and took the market to a record high of 98,204 units. This level of demand was some 44 per cent above the previous market high, seen in 2011.
More than 6,000 data points have been added or updated across our system, including final sales and production figures for 2018 and forecasts to 2023.
Almost no mini excavators were sold in India a decade ago, but this type of equipment is now established and showing good growth prospects.