India’s Construction Equipment Market Poised to Reach $14.3 Billion by 2030

By Metals Minerals Publication On Apr 11, 2025 0

Residential Flats Being Developed in Rural India. There are People working on the Construction Site.

India’s construction equipment (CE) industry is on a robust growth trajectory, with projections indicating a market size of approximately USD 14.34 billion by 2030. This expansion is driven by a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.

Key Growth Drivers

Several factors contribute to this anticipated growth:

Infrastructure Development: Government initiatives like the Smart City Mission and Pradhan Mantri Awas Yojana are accelerating infrastructure projects, thereby increasing demand for construction equipment.
Urbanization: The rising urban population necessitates enhanced transportation and housing infrastructure, further driving equipment demand.
Technological Advancements: The integration of automation and digitalization in construction machinery is improving efficiency and attracting investment.

Market Segmentation and Trends

The CE market encompasses various equipment types, including earthmoving machinery, material handling equipment, and concrete and road construction machinery. Among these, earthmoving machinery has been the largest revenue-generating segment, while concrete and road construction machinery are registering the fastest growth.

Regional and Global Positioning

India currently holds the position of the world’s third-largest construction equipment market. Projections suggest that it could become the second-largest by 2030, reflecting its growing significance in the global CE landscape.

Challenges and Opportunities

While the market outlook is positive, challenges such as the need for skilled labor and the adoption of advanced technologies persist. Addressing these issues through training programs and technological investments will be crucial for sustaining growth.

In summary, India’s construction equipment market is set for significant expansion, driven by infrastructure development, urbanization, and technological advancements. Strategic initiatives and investments will be key to harnessing this growth potential