インドの建設機械市場の評価：タイプ別、推進タイプ別、駆動タイプ別、出力別、用途別、最終用途産業別、地域別、機会、予測、2018年～2032年

インドの建設機械の市場規模は、2025年～2032年の予測期間中に11.91％のCAGRで拡大し、2024年の73億8,000万米ドルから2032年には181億6,000万米ドルに上昇すると予測されています。同市場は近年著しい成長を遂げており、商業、住宅、工業分野での建設活動の増加、インフラ開発への政府投資の増加、建設機械の大幅な技術進歩により、今後も拡大を維持すると予測されます。都市化の進展、人口率の上昇、持続可能なグリーン・プロジェクトの開発重視、既存インフラの近代化要求の高まりが、インドの建設機械市場の需要を後押ししています。例えば、2024年7月、政府は2025年までに20万kmの国道網の整備を目指すと発表し、インドの建設機械需要を牽引しています。

インド政府はまた、2025年の経済成長に向けてインフラを強化するため、国内総生産（GDP）目標を5兆米ドルと発表しました。インド建設機械市場の各企業は、建設機械の性能を向上させ、環境への影響を最小限に抑える先進技術を統合するための投資を計画しています。例えば、Kobelco Construction Machinery Co., Ltdは2024年8月、優れた技術や先進的な油圧システムなどを搭載し、さまざまな作業をこなすSK80ショベルをチェンナイで発売すると発表しました。

インドでは、政府が道路インフラ、空港、高速道路などのインフラ開発を計画し、制度やイニシアチブを立ち上げ、物理的インフラのアップグレードへの投資を引き上げており、これがインド建設機械市場の成長を促進しています。NIP（National Infrastructure Pipeline）のような様々な政府スキームが、「Make in India」やPLI（Production-Linked Incentives）スキームを含む他のイニシアチブと組み合わされ、インフラセクターの成長を急増させ、インドの建設機械の成長を促進しています。道路交通インフラが整備され、都市部の人口が大幅に増加したことで、個人の移動、衛生、ヘルスケア、水供給などの利便性に対する需要が高まり、建設機械の需要を押し上げています。

当レポートでは、インドの建設機械市場について調査し、市場の概要とともに、タイプ別、推進タイプ別、駆動タイプ別、出力別、用途別、最終用途産業別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 インドの建設機械市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • タイプ別
  • 推進タイプ別
  • 駆動タイプ別
  • 出力別
  • 用途別
  • 最終用途産業別
  • 地域別

第6章 需要供給分析

第7章 輸出入の分析

第8章 ポーターのファイブフォース分析

第9章 PESTLE分析

第10章 価格分析

第11章 市場力学

第12章 市場の動向と発展

第13章 ケーススタディ

第14章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5社のSWOT分析
• 主要企業上位10社の情勢
  • Caterpillar India Private Limited
  • Komatsu India Private Limited
  • Volvo Group India Private Limited
  • JCB India Limited
  • Tata Hitachi Construction Machinery Company Private Limited
  • BEML Limited
  • Hyundai Construction Equipment India Private Limited
  • Action Construction Equipment Limited
  • Escorts Kubota Limited
  • Sany Heavy Industry India Pvt Ltd

第15章 戦略的提言

第16章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Construction Equipment Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Construction Equipment Market, By Volume, In Units, FY2018-FY2032F
• Figure 3. India Construction Equipment Market Share (%), By Type, FY2018-FY2032F
• Figure 4. India Construction Equipment Market Share (%), By Propulsion Type, FY2018-FY2032F
• Figure 5. India Construction Equipment Market Share (%), By Drive Type, FY2018-FY2032F
• Figure 6. India Construction Equipment Market Share (%), By Power Output, FY2018-FY2032F
• Figure 7. India Construction Equipment Market Share (%), By Application, FY2018-FY2032F
• Figure 8. India Construction Equipment Market Share (%), By End-use Industry, FY2018-FY2032F
• Figure 9. India Construction Equipment Market Share (%), By Region, FY2018-FY2032F
• Figure 10. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Propulsion Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Drive Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 13. By Power Output Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 14. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 15. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 16. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India construction equipment market is projected to observe a CAGR of 11.91% during the forecast period FY2025-FY2032, rising from USD 7.38 billion in FY2024 to USD 18.16 billion in FY2032. The market has observed significant growth in recent years and is projected to maintain an expansion in the coming years owing to increasing construction activities in commercial, residential, and industrial sectors, rising investment by the government in infrastructure development, and significant technological advancement in construction equipment. Growing urbanization, increasing population rate, a greater emphasis on developing sustainable green projects, and rising requirements to modernize existing infrastructure propel India's construction equipment market demand. For instance, in July 2024, the government announced that it has been working towards the development of a national highway network of 200 thousand km by 2025, driving the demand for construction equipment in India.

The Indian government also announced a Gross Domestic Product (GDP) target of USD 5 trillion to enhance its infrastructure to reach its 2025 economic growth. Companies in the India construction equipment market are planning to invest in advancing the performance of construction equipment and integrating advanced technologies to minimize environmental impact. For instance, in August 2024, Kobelco Construction Machinery Co., Ltd. announced the launch of the SK80 Excavator in Chennai to perform a variety of tasks as it is equipped with superior technology, an advanced hydraulic system and others.

Development of Infrastructure Drives Market Demand

In India, the government is planning to develop infrastructure, including road infrastructure, airports, and highways, launch schemes and initiatives, and raise investment in upgrading physical infrastructure, which are propelling the India construction equipment market growth. Various government schemes like the National Infrastructure Pipeline (NIP) combined with other initiatives, including 'Make in India' and the production-linked incentives (PLI) scheme, to surge the growth of the infrastructure sector, propelling the growth of construction equipment in India. With improved road transportation infrastructure and a significant increase in urban population, there prevails a high demand for convenience in personal mobility, sanitation, healthcare, and water supply, among others, boosting construction equipment demand, which is accredited to the construction sector growth in India. Significant investment in infrastructure and mega-projects is driving the India construction equipment market's demand. For instance, in March 2024, the Prime Minister of India inaugurated multiple road connectivity projects in Kolkata totaling USD 1.8 billion. In addition, companies in the market are launching new construction equipment to better serve the infrastructure and deliver innovative solutions for different industries including mining, material handling, and others.

For instance, in October 2023, HD Hyundai Construction Equipment Co., Ltd. announced the introduction of a range of new equipment focused on serving the infrastructure sector and meeting the demanding requirements of the mining sector.

Technological Advancements in Equipment Propels Market Growth

Companies in the construction equipment market across India are enhancing the performance of equipment and integrating lightweight raw materials to contribute to net-zero carbon emissions. Technological advancements, including telematics, equipment, tools, smartphone applications, drones, 3D printed buildings, autonomous heavy equipment, and others, propel the India construction equipment market demand in the forecast period as advanced construction equipment offers durability and cost savings for construction companies. In addition, modern enhancements include the integration of software and digital technology to facilitate more efficient, faster, and more profitable construction procedures, improve productivity, and decrease downtime. Furthermore, companies are establishing new manufacturing facilities to produce advanced construction equipment and expanding the customer base in India.

For instance, in April 2024, Shandong Lingong Construction Machinery announced the inauguration of its first manufacturing facility in Bengaluru to provide its customers with construction equipment made in India.

Government Policies and Regulations Drive Market Growth

The Government of India is planning to invest significantly in infrastructure development, including railways, investments in roads, shipping, inland waterways, and aviation, surging the India construction equipment market growth. For instance, over the four years leading up to March 2024, the Reserve Bank of India, along with Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), collectively secured USD 15.60 billion. In addition, the government is increasing capital investment outlay for infrastructure coupled with incentivizing buyers and sellers of eco-friendly construction equipment. For instance, under the interim budget 2024-25, capital investment outlay for infrastructure has surged by 11.1% to USD 133.86 billion, which would be 3.4% of GDP. Therefore, the demand for construction equipment in India is rising significantly in the coming years.

Earth Moving and Grading Equipment Register the Largest India Construction Equipment Market Share

Earth moving and grading equipment registers the largest market share owing to technological advancement, integration of advanced technologies, and government investment in existing infrastructure. The city skylines are changing to support vertical market growth comprising commercial spaces, multiplexes, and residential complexes. Besides building construction and infrastructure, India is observing rapid expansion across the mining sector, which is propelling the India moving equipment market demand in the forecast period. In addition, in India, there are different construction contracts with customized requirements for moving equipment to reduce the cost of large-scale projects, driving the market growth for moving equipment in India.

For instance, in July 2022, Volvo Group announced the launch of the EC550E crawler excavator in India to enable customers to benefit from its industry-leading productivity, performance, and effectiveness.

Electric Propulsion Trucks are Growing Rapidly in India Construction Equipment Market

Electric propulsion trucks dominate the construction equipment market in India as this propulsion type of equipment contributes to net zero carbon emission and is cost-effective. The demand for electric construction equipment in India is rising as it requires lower maintenance costs, less risk of breakdowns, eliminates the need for fuel, and reduced operational expenses coupled with no noise pollution. The government in India is framing different policies and incentives for the sale and purchase of electric vehicles to promote the adoption rate of electric vehicles in different industries. Companies in the market are introducing efficient and advanced construction equipment to reduce air pollution and provide precise and controlled movements.

For instance, in May 2022, JCB India Limited announced the launch of a fully electric excavator, the JCB 19C-1E, the first fully electric construction equipment at Excon in Bengaluru to significantly reduce carbon emissions.

Future Market Scenario (FY2025-FY2032F)

An increase in government investment in infrastructure is projected to drive India's construction equipment market growth.

The growing production and adoption rate of construction equipment in infrastructure, building construction, and mining sectors are propelling the demand for construction equipment in India.

Government incentives and subsidies on the sale and purchase of electric construction equipment are fostering the construction equipment market growth in India.

Technological advancement in construction equipment is expected to surge the demand for heavy construction equipment in India.

Key Players Landscape and Outlook

Companies in the India construction equipment market are efficiently working on advancing the performance of construction equipment by investing in different research and development activities. Companies also integrate lightweight raw materials and components to lighten the weight of heavy vehicles and contribute to net zero carbon emissions. In addition, companies are planning to adopt different strategies, including partnerships, new product launches, collaborations, mergers, joint ventures, and others, to expand their product portfolio and footprint.

In June 2024, Action Construction Equipment Limited announced its plans to establish a joint venture with Kato Works Co. to produce medium and large-sized cranes for the rising Indian market.

In February 2024, Sany Heavy Industry India Pvt Ltd participated in the Bharat Mobility Global Expo 2024, presenting SANY's lineup of Indian-manufactured equipment and showcasing its latest innovation in the construction equipment industry.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Design Compatibility
  • 4.3.3. Pricing
  • 4.3.4. Technology
  • 4.3.5. Performance
  • 4.3.6. After-Sales Assistance

5. India Construction Equipment Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Excavators
    • 5.2.1.2. Loaders and Dozers
    • 5.2.1.3. Graders
    • 5.2.1.4. Mobile Cranes
    • 5.2.1.5. Compactors
    • 5.2.1.6. Pavers
    • 5.2.1.7. Others
  • 5.2.2. By Propulsion Type
    • 5.2.2.1. ICE
    • 5.2.2.2. Electric
  • 5.2.3. By Drive Type
    • 5.2.3.1. Hydraulic
    • 5.2.3.2. Electric
    • 5.2.3.3. Hybrid
  • 5.2.4. By Power Output
    • 5.2.4.1. <100 HP
    • 5.2.4.2. 101-200 HP
    • 5.2.4.3. 201-400 HP
    • 5.2.4.4. >401 HP
  • 5.2.5. By Application
    • 5.2.5.1. Earth Moving and Grading
    • 5.2.5.2. Material Handling
    • 5.2.5.3. Concrete and Asphalt Work
    • 5.2.5.4. Transportation
    • 5.2.5.5. Others
  • 5.2.6. By End-use Industry
    • 5.2.6.1. Mining
    • 5.2.6.2. Infrastructure
    • 5.2.6.3. Building Construction
    • 5.2.6.4. Others
  • 5.2.7. By Region
    • 5.2.7.1. North
    • 5.2.7.2. East
    • 5.2.7.3. West and Central
    • 5.2.7.4. South
  • 5.2.8. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Propulsion Type
  • 5.3.3. By Drive Type
  • 5.3.4. By Power Output
  • 5.3.5. By Application
  • 5.3.6. By End Use Industry
  • 5.3.7. By Region

6. Demand Supply Analysis

7. Import and Export Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Pricing Analysis

11. Market Dynamics

• 11.1. Market Drivers
• 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

• 14.1. Competition Matrix of Top 5 Market Leaders
• 14.2. SWOT Analysis for Top 5 Players
• 14.3. Key Players Landscape for Top 10 Market Players
  • 14.3.1. Caterpillar India Private Limited
    • 14.3.1.1. Company Details
    • 14.3.1.2. Key Management Personnel
    • 14.3.1.3. Products and Services
    • 14.3.1.4. Financials (As Reported)
    • 14.3.1.5. Key Market Focus and Geographical Presence
    • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
  • 14.3.2. Komatsu India Private Limited
  • 14.3.3. Volvo Group India Private Limited
  • 14.3.4. JCB India Limited
  • 14.3.5. Tata Hitachi Construction Machinery Company Private Limited
  • 14.3.6. BEML Limited
  • 14.3.7. Hyundai Construction Equipment India Private Limited
  • 14.3.8. Action Construction Equipment Limited
  • 14.3.9. Escorts Kubota Limited
  • 14.3.10. Sany Heavy Industry India Pvt Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer