India Crane Market | Growth, Trends and Forecasts 2021-2026

According to the latest report by IMARC Group, titled "India Crane Market Outlook: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the India crane market is expected to exhibit moderate growth during 2021-2026. A crane refers to a type of construction machinery primarily used for loading and unloading heavy amounts of weight and assembling heavy machinery. It is powered by hydraulics and internal combustion engine systems that provide strength and heavy-duty lifting capabilities. A crane is equipped with a hoist rope, wire ropes or chains and sheaves. In India, cranes are deployed to build all types of structures, ranging from high-rise buildings to modular building constructions.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:                                   

The expanding construction industry and increasing infrastructural activities are primarily driving the Indian crane market. Furthermore, cranes are employed in several processes and discrete industries, such as power, oil and gas, petrochemicals, civil engineering and mining, to lift and transport heavy materials. Moreover, the Indian government is extensively investing in the development of the country’s infrastructure like roads, highways, commercial and residential spaces, which in turn is positively influencing the market growth. All of these above-mentioned factors will continue to drive the market for cranes in India over the coming years.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India crane market report, along with forecasts for growth at the regional level from 2021-2026. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Mobile Cranes
• Marine and Port Cranes
• Fixed Cranes

Breakup by Application:

• Construction and Infrastructure
• Mining
• Oil and Gas
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Key highlights of the Report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.