India construction equipment market is projected to cross $ 4.7 billion by 2025, on account of anticipated growth in construction industry, increasing foreign investments, and rising number of smart city projects in the country. India construction equipment market is broadly segmented into Earth Moving, Material Handling, Concrete Mixing, and Road Construction Equipment. Earth Moving segment is expected to continue its dominance during the forecast period, however, the Concrete Mixing segment is anticipated to witnessed fastest growth over the next five years. Based on specific product type segmentation, the market is dominated by backhoe Loaders, followed by Crawler Excavators, Forklifts, and Pick & Carry Cranes. Demand for such products is expected to continue growing in the coming years owing to the factors such as increasing project sizes, shorter completion time, and demand for customized and multipurpose equipment by end-users.

Government initiatives focused on infrastructure development are further boosting demand for construction equipment in India. Some of the largest projects include Smart City Mission, AMRUT (Atal Mission for Rejuvenation of Urban Transformation), Metro Rail in urban areas, Bharatmala, and Sagarmala, among others. In addition, government is also supporting the construction equipment market by liberalizing taxation policies for construction industry such as GST and custom duty. In 2018, the government of India reduced the GST on construction equipment from 28% to 18%, which will help the construction equipment manufacturers to reduce the overall cost of equipment and other operational losses. However, the global economic slowdown and spread of COVID-19 pandemic pose a huge imminent challenge for India construction equipment market.

Years considered for this report:

  • Historical Years: FY2015 – FY2019
  • Base Year: FY2019
  • Estimated Year: FY2020
  • Forecast Period: FY2020 – FY2025F

Objective of the Study:

  • To study India construction equipment market scenario, which covers earth moving equipment, material handling equipment, concrete equipment, and road construction equipment.
  • To analyze and forecast the market size of India construction equipment market.
  • To classify and forecast India construction equipment market on the basis of segment, product type, region and company.
  • To identify drivers and challenges for India construction equipment market.
  • To identify market trends & developments for India construction equipment market.

Key Target Audience:

  • Construction equipment companies, manufacturers and dealers
  • Major end-users of construction equipment market
  • Government and financial institutions
  • Associations, organizations, forums and alliances related to construction equipment market
  • Market research and consulting firms


The study is useful in providing answers to several critical questions that are important for industry stakeholders such as construction equipment companies, distributors and policy makers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:
In this report, India construction equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

By Segment
  • Earth Moving Equipment
  • Material Handling Equipment
  • Concrete Mixing Equipment
  • Road Construction Equipment
By Product Type
  • Backhoe Loaders
  • Hydraulic Excavators
  • Pick & Carry Cranes
  • Transit Mixer
  • Forklifts
  • Batching Plants
  • Concrete Pump
  • Wheel Loader
  • Asphalt Mixing Plant
  • Wheel Asphalt Pavers
  • Compaction Equipment
  • rawler Excavators
  • Mobile Compressors
  • Mobile Cranes excluding Pick & Carry Cranes
  • Motor Graders
  • Rigid Dump Trucks
By Region
  • East
  • West
  • North
  • South