India Crane Market Share

Market Share of India Crane Industry

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. 
• This launch signifies the company commitment to broadening its range of construction and lifting equipment catering to diverse industrial needs.

India Crane Market Leaders

1. Action Construction Equipment Limited

2. Liebherr Group

3. Kobelco Construction Equipment India

4. SANY Group

5. Konecranes

*Disclaimer: Major Players sorted in no particular order