How big is the India Crane Market?

The India Crane Market size is expected to reach USD 1.39 billion in 2024 and grow at a CAGR of 6.79% to reach USD 1.92 billion by 2029. Read More

What is the current India Crane Market size?

In 2024, the India Crane Market size is expected to reach USD 1.39 billion. Read More

Who are the key players in India Crane Market?

Action Construction Equipment Limited, Liebherr Group, Kobelco Construction Equipment India, SANY Group and Konecranes are the major companies operating in the India Crane Market. Read More

What years does this India Crane Market cover, and what was the market size in 2023?

In 2023, the India Crane Market size was estimated at USD 1.30 billion. The report covers the India Crane Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Crane Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Crane Industry in India - Manufacturers

Crane Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top Crane Companies in India and the Market is Segmented by Machine Type (Mobile Cranes, Fixed Cranes, and Marine and Port Cranes) and Application (Construction, Mining and Excavation, Marine and Offshore, Industrial, and Other Applications).

India Crane Industry Overview

India crane market is consolidated. Some of the prominent players in the Indian crane market are Action Construction Equipment Ltd, Escorts Ltd, TIL Ltd, Liebherr-International Deutschland GmbH, and Kobelco Construction Equipment, among others. The growth of the market is characterized by the trend in material handling systems, which is expected to be greatly focused on designing lighter and high-efficiency equipment during the forecast period.

In February 2023, Crane India has officially opened its new Engineering Design Center and Regional Headquarters at M Agile in Baner, Pune. This inauguration marks a significant expansion of Crane India's capabilities and presence positioning it strategically in a key industrial and technological hub.

The new facilities are set to enhance the companys design and operational efficiencies further establishing its commitment to growth and innovation in the region.

In February 2022, Terex India, a subsidiary of Terex Corporation, has introduced the 'Franna' line of pick and carry cranes. These cranes will be distributed through Alpha Services, marking a strategic expansion of Terex India's product offerings in the region.