India's Construction Equipment Industry to Hit $25B by 2030

06 Aug 2024 CW Team

Industry experts highlight that the government's emphasis on infrastructure as a key driver of economic growth has played a pivotal role in this surge. Initiatives like the National Infrastructure Pipeline (NIP), which envisions investments of over $1.4 trillion by 2025, have significantly accelerated the deployment of construction equipment across various sectors.

The construction equipment industry encompasses a wide range of machinery, including excavators, loaders, cranes, and concrete mixers. These machines are crucial for the timely and efficient completion of large-scale infrastructure projects. With the government's push for modern and sustainable infrastructure, there is an increasing demand for technologically advanced and environmentally friendly equipment.

The market's growth trajectory is also supported by the rising trend of urbanisation and industrialization in India. As cities expand and new industrial corridors emerge, the need for construction equipment to build and maintain these developments becomes paramount. Additionally, the adoption of smart city initiatives and the redevelopment of urban areas further contribute to the industry's expansion.

Key players in the construction equipment sector are focusing on innovation and localization to cater to the specific needs of the Indian market. By investing in research and development, manufacturers are introducing more efficient and durable machinery that can withstand the diverse and challenging conditions found in various parts of the country.

Moreover, the increasing availability of financing options for equipment purchase has made it easier for contractors and construction companies to acquire the necessary machinery, further propelling the market growth.

In conclusion, India's construction equipment industry is on a strong growth path, supported by government initiatives, urbanisation, and industrialization. The projected market size of $25 billion by 2030 underscores the industry's critical role in shaping the country's infrastructure landscape.

India's construction equipment industry is projected to achieve a market size of $25 billion by 2030, reflecting robust growth driven by substantial infrastructure development and increased government spending. This expansion is bolstered by significant investments in projects such as roads, highways, railways, and urban infrastructure, fueling the demand for advanced construction machinery. Industry experts highlight that the government's emphasis on infrastructure as a key driver of economic growth has played a pivotal role in this surge. Initiatives like the National Infrastructure Pipeline (NIP), which envisions investments of over $1.4 trillion by 2025, have significantly accelerated the deployment of construction equipment across various sectors. The construction equipment industry encompasses a wide range of machinery, including excavators, loaders, cranes, and concrete mixers. These machines are crucial for the timely and efficient completion of large-scale infrastructure projects. With the government's push for modern and sustainable infrastructure, there is an increasing demand for technologically advanced and environmentally friendly equipment. The market's growth trajectory is also supported by the rising trend of urbanisation and industrialization in India. As cities expand and new industrial corridors emerge, the need for construction equipment to build and maintain these developments becomes paramount. Additionally, the adoption of smart city initiatives and the redevelopment of urban areas further contribute to the industry's expansion. Key players in the construction equipment sector are focusing on innovation and localization to cater to the specific needs of the Indian market. By investing in research and development, manufacturers are introducing more efficient and durable machinery that can withstand the diverse and challenging conditions found in various parts of the country. Moreover, the increasing availability of financing options for equipment purchase has made it easier for contractors and construction companies to acquire the necessary machinery, further propelling the market growth. In conclusion, India's construction equipment industry is on a strong growth path, supported by government initiatives, urbanisation, and industrialization. The projected market size of $25 billion by 2030 underscores the industry's critical role in shaping the country's infrastructure landscape.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Building Material

13 Oct 2025

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..