"India is expected to overtake China and become the second-largest construction equipment market in the world by 2030, driven by strong, sustained demand from the country’s infrastructure and urban development programmes. The United States currently holds the top position globally.

Industry leaders note that the outlook for India’s construction machinery sector remains robust, supported by rising investment in highways, railways, metro networks, airports, rural connectivity and industrial corridors. This expansion is fuelling demand for a wide range of equipment, including excavators, backhoe loaders, compactors, cranes and other machinery essential to project execution.

According to sector executives, while equipment sales witnessed a temporary slowdown due to payment delays affecting smaller contractors, the long-term trajectory remains firmly upward. Increased focus on project completion, improved contract structuring and better liquidity for contractors are expected to strengthen market fundamentals in the coming years.

Surpassing China would represent a major shift in the global construction equipment landscape, positioning India as a key driver of industry growth through the next decade."