×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

India Construction Mining Equipment Market

ID: MRFR/PCM/54427-HCR
111 Pages
Snehal Singh
October 2025

India Construction Mining Equipment Market Research Report: By Product Type (Loaders, Dozers, Excavators, Crushing, Pulverizing & Screening Equipment, Others), By Type of Market (New Sales, Aftermarket) andBy Propulsion Type (Diesel, CNG/LNG/RNG)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

India Construction Mining Equipment Market Infographic
Purchase Options

India Construction Mining Equipment Market Summary

As per MRFR analysis, the India construction mining-equipment market size was estimated at 795.55 USD Million in 2024. The India construction mining-equipment market is projected to grow from 839.38 USD Million in 2025 to 1435.1 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.51% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India construction mining-equipment market is poised for growth driven by technological advancements and sustainability initiatives.

  • Technological advancements are reshaping the construction mining-equipment landscape, enhancing efficiency and productivity.
  • Sustainability initiatives are increasingly influencing equipment design and operational practices across the sector.
  • The largest segment in this market is the earthmoving equipment, while the fastest-growing segment is the material handling equipment.
  • Infrastructure development initiatives and rising urbanization trends are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 795.55 (USD Million)
2035 Market Size 1435.1 (USD Million)
CAGR (2025 - 2035) 5.51%

Major Players

Caterpillar Inc (US), Komatsu Ltd (JP), Hitachi Construction Machinery Co Ltd (JP), Volvo Construction Equipment (SE), Liebherr Group (DE), Doosan Infracore (KR), JCB (GB), Terex Corporation (US), CNH Industrial N.V. (GB)

India Construction Mining Equipment Market Trends

The construction mining-equipment market is currently experiencing a dynamic phase. This phase is characterized by rapid advancements in technology and increasing demand for efficient machinery. The ongoing urbanization and infrastructure development initiatives in India are driving the need for modern equipment that enhances productivity and reduces operational costs. As the government continues to invest in large-scale projects, the market is likely to witness a surge in the adoption of innovative solutions, such as automation and telematics, which are expected to improve operational efficiency and safety standards. Furthermore, the emphasis on sustainability is prompting manufacturers to develop eco-friendly equipment, aligning with the global trend towards greener practices. In addition to technological advancements, the construction mining-equipment market is also influenced by the evolving regulatory landscape. Stricter emission norms and safety regulations are compelling manufacturers to innovate and comply with new standards. This shift not only enhances the safety of operations but also contributes to environmental conservation. As the market adapts to these changes, it appears poised for growth, driven by a combination of technological innovation, regulatory compliance, and increasing demand for construction activities. The future of the construction mining-equipment market seems promising, with potential opportunities for both established players and new entrants to capitalize on emerging trends.

Technological Advancements

The construction mining-equipment market is witnessing a significant shift towards the integration of advanced technologies. Innovations such as automation, artificial intelligence, and telematics are becoming increasingly prevalent. These technologies enhance operational efficiency, reduce downtime, and improve safety measures on job sites. As manufacturers invest in research and development, the market is likely to see a rise in the availability of smart equipment that can optimize performance and provide real-time data.

Sustainability Initiatives

There is a growing emphasis on sustainability within the construction mining-equipment market. Manufacturers are increasingly focusing on developing eco-friendly machinery that minimizes environmental impact. This trend is driven by regulatory pressures and a societal shift towards greener practices. Equipment that utilizes alternative fuels or incorporates energy-efficient technologies is gaining traction, reflecting a broader commitment to sustainable development in the industry.

Regulatory Compliance

Evolving regulations aimed at enhancing safety and reducing emissions significantly influence the construction mining-equipment market. Stricter compliance requirements are prompting manufacturers to innovate and adapt their products accordingly. This trend not only ensures safer working conditions but also aligns with global efforts to mitigate environmental impact. As regulations continue to evolve, companies that prioritize compliance are likely to gain a competitive edge in the market.

India Construction Mining Equipment Market Drivers

Rising Urbanization Trends

Urbanization in India is accelerating, with the urban population projected to reach 600 million by 2031. This rapid urban growth is driving the construction mining-equipment market as cities expand and require new infrastructure. The demand for residential, commercial, and industrial buildings is increasing, necessitating the use of advanced construction mining equipment for efficient project execution. Additionally, urbanization leads to the development of transportation networks, which further fuels the need for heavy machinery. The construction mining-equipment market is likely to benefit from this trend, as companies invest in modern equipment to meet the challenges posed by urban development. The integration of technology in construction processes is also expected to enhance productivity and reduce project timelines.

Focus on Sustainable Practices

Sustainability is becoming a crucial focus in the construction mining-equipment market as companies strive to minimize their environmental impact. The Indian government has set ambitious targets for reducing carbon emissions and promoting green construction practices. This shift is prompting manufacturers to develop eco-friendly equipment that meets stringent environmental standards. The adoption of electric and hybrid machinery is on the rise, as these options offer reduced emissions and lower operating costs. Additionally, sustainable practices in construction, such as recycling materials and using energy-efficient equipment, are gaining traction. As a result, the construction mining-equipment market is likely to see increased demand for sustainable solutions that align with the broader goals of environmental conservation.

Increased Investment in Mining Sector

The mining sector in India is witnessing increased investment, which is positively impacting the construction mining-equipment market. The government has introduced policies to attract foreign direct investment (FDI) in mining, aiming to enhance mineral production and reduce import dependency. With the mining industry projected to grow at a CAGR of 6.5% from 2021 to 2026, the demand for construction mining equipment is expected to rise significantly. This growth is driven by the need for advanced machinery to extract minerals efficiently and safely. As mining operations expand, companies are likely to invest in modern equipment to improve productivity and comply with safety regulations. Consequently, the construction mining-equipment market is set to benefit from the revitalization of the mining sector.

Infrastructure Development Initiatives

The construction mining-equipment market in India is experiencing a surge due to extensive infrastructure development initiatives undertaken by the government. The National Infrastructure Pipeline (NIP) aims to invest approximately $1.4 trillion in infrastructure projects by 2025, which includes roads, railways, and urban development. This ambitious plan is likely to drive demand for construction mining equipment, as these projects require advanced machinery for excavation, material handling, and site preparation. Furthermore, the push for smart cities and urban renewal projects necessitates the use of modern equipment to ensure efficiency and sustainability. As a result, the construction mining-equipment market is poised for growth, with manufacturers focusing on innovative solutions to meet the increasing demand from infrastructure projects.

Technological Integration in Equipment

The construction mining-equipment market is increasingly influenced by the integration of advanced technologies in machinery. Innovations such as automation, telematics, and artificial intelligence are transforming the way construction and mining operations are conducted. These technologies enhance operational efficiency, reduce downtime, and improve safety standards. For instance, the use of telematics allows for real-time monitoring of equipment performance, enabling timely maintenance and reducing operational costs. As companies seek to optimize their operations, the demand for technologically advanced construction mining equipment is likely to rise. This trend indicates a shift towards smarter, more efficient machinery that can adapt to the evolving needs of the construction mining-equipment market.

Market Segment Insights

By Product Type: Excavators (Largest) vs. Loaders (Fastest-Growing)

The market share distribution within the segment of the construction mining-equipment market reveals that excavators dominate with the largest share, attributed to their versatility and widespread application in various construction tasks. Loaders and dozers follow closely, appealing for their distinct capabilities in material handling and earthmoving, respectively. Crushing, pulverizing & screening equipment holds a significant position, primarily supporting the aggregate production needs in the sector. Growth trends indicate a rising demand for advanced machinery with enhanced features, such as automation and fuel efficiency, leading to loaders emerging as the fastest-growing segment. This growth is driven by ongoing infrastructure projects and an increasing focus on modernizing equipment fleets among contractors and builders, positioning them well for the anticipated market developments in the coming years.

Excavators (Dominant) vs. Loaders (Emerging)

Excavators are characterized by their extensive range of functionalities, such as digging, lifting, and material handling, making them essential for large-scale projects and excavation tasks in the construction mining industry. Their robust design and advanced technologies enable efficient operations in various environments. In contrast, loaders, while historically seen as secondary equipment, are emerging rapidly due to their adaptability in material loading and transportation roles. Their growing importance is fueled by the sector's shift towards mechanization, with loaders increasingly equipped with advanced features like GPS and automated operation, enhancing productivity and operational efficiency.

By Market Type: New Sales (Largest) vs. Aftermarket (Fastest-Growing)

In the India construction mining-equipment market, the distribution of market share between new sales and aftermarket segments reveals a dominant position for new sales. New sales have consistently captured a significant portion of the market, driven by robust infrastructure projects and ongoing demand for advanced machinery. Meanwhile, the aftermarket segment, though smaller in share, is gaining traction as companies increasingly focus on equipment upkeep and enhanced service offerings. Growth trends indicate a shifting landscape within the segment, propelled by the increasing adoption of technology and a surge in construction activities. The declining costs of machinery coupled with the growing awareness regarding maintenance are making aftermarket services more appealing. This trend reflects a broader shift towards long-term investment in existing machinery, ensuring operational efficiency and reduced downtimes.

New Sales: Dominant vs. Aftermarket: Emerging

The 'New Sales' segment is characterized by its robust market presence, reflecting the strong demand for new machinery in the India construction mining-equipment market. Companies are investing heavily in innovative designs and high-performance equipment to meet the evolving needs of the construction sector. This positioning helps to ensure that new sales remain the most significant contributor to market revenues. Conversely, the 'Aftermarket' segment is emerging as a critical focus area as companies leverage maintenance, repair, and parts services to optimize the longevity and efficiency of existing machinery. This segment's growth is supported by an increasing emphasis on equipment maintenance, driven by infrastructure expansion and a desire for cost-effective operation.

By Propulsion Type: Diesel (Largest) vs. CNG/LNG/RNG (Fastest-Growing)

In the India construction mining-equipment market, Diesel remains the dominant propulsion type, commanding a significant share of the market due to its established infrastructure and performance reliability. In contrast, CNG/LNG/RNG is rapidly gaining traction, accounting for a smaller yet growing segment, driven by environmental regulations and the push for cleaner fuels. Growth trends in this segment indicate an increasing shift towards CNG/LNG/RNG, propelled by government initiatives promoting sustainable energy sources. This transition is likely to reshape the landscape, with CNG/LNG/RNG expected to witness the fastest growth as manufacturers adapt to meet emission standards and explore alternative propulsion systems. The overall demand for diesel, while steady, may start to face challenges due to these changing trends.

Diesel (Dominant) vs. CNG/LNG/RNG (Emerging)

Diesel propulsion is characterized by its robustness and efficiency, making it the preferred choice for many traditional mining and construction applications. Its established presence means that maintenance and servicing are widely available, ensuring reliability and performance stability. On the other hand, CNG/LNG/RNG, as an emerging propulsion type, is becoming significant due to its lower emissions and alignment with sustainable development goals. The growth of CNG/LNG/RNG is supported by advancements in technology that enhance engine performance, making them an attractive alternative for environmentally-conscious operators. As regulations tighten, the industry is likely to see a more pronounced shift toward these alternative fuel sources, reflecting a broader global trend in reducing carbon footprints.

Get more detailed insights about India Construction Mining Equipment Market

Key Players and Competitive Insights

The construction mining-equipment market in India is characterized by a dynamic competitive landscape, driven by factors such as urbanization, infrastructure development, and technological advancements. Major players like Caterpillar Inc (US), Komatsu Ltd (JP), and JCB (GB) are strategically positioned to leverage these growth drivers. Caterpillar Inc (US) focuses on innovation and digital transformation, enhancing its product offerings with advanced technologies. Komatsu Ltd (JP) emphasizes sustainability and efficiency, aligning its operations with environmental regulations. JCB (GB) has adopted a strategy of localized manufacturing, which not only reduces costs but also enhances responsiveness to market demands. Collectively, these strategies contribute to a competitive environment that is increasingly focused on technological differentiation and operational efficiency.

Key business tactics within the market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a diverse range of products and services, catering to various customer needs while fostering competition among established and emerging players.

In October 2025, Caterpillar Inc (US) announced the launch of its new line of electric construction equipment, aimed at reducing carbon emissions and enhancing operational efficiency. This strategic move underscores the company's commitment to sustainability and positions it favorably in a market that increasingly values eco-friendly solutions. The introduction of electric equipment may also attract a new customer base focused on reducing their environmental footprint.

In September 2025, Komatsu Ltd (JP) unveiled a partnership with a leading technology firm to develop AI-driven solutions for predictive maintenance in construction machinery. This collaboration is significant as it not only enhances the operational reliability of their equipment but also aligns with the growing trend of integrating AI into construction processes. Such innovations could lead to reduced downtime and increased productivity for end-users, thereby strengthening Komatsu's market position.

In August 2025, JCB (GB) expanded its manufacturing capabilities in India by investing in a new facility dedicated to producing advanced hydraulic systems. This investment reflects JCB's strategy to localize production and cater to the growing demand for high-performance machinery in the region. By enhancing its manufacturing footprint, JCB is likely to improve its supply chain efficiency and reduce lead times, which are critical factors in the competitive landscape.

As of November 2025, current trends in the construction mining-equipment market include a strong emphasis on digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on technological innovation, reliability, and sustainable practices. This transition may redefine market dynamics, compelling companies to invest in R&D and forge strategic partnerships to maintain a competitive edge.

Key Companies in the India Construction Mining Equipment Market market include

Industry Developments

The India Construction Mining Equipment Market has witnessed significant developments and growth recently. In September 2023, Caterpillar India announced the launch of its new electric construction equipment line, emphasizing sustainability in the sector.L&T Construction Equipment and Tata Hitachi Construction Machinery have reported a surge in demand due to increased government infrastructure spending, which is driving market valuations upward. Notably, in July 2023, Doosan Bobcat expanded its manufacturing facility in Pune to meet rising demand for compact equipment.Major companies like JCB India and Volvo Construction Equipment are also investing heavily in new technologies to enhance operational efficiency.

The Earthmoving Equipment Owners Association highlighted a need for better workforce training initiatives to address skill gaps in the industry.In terms of market activity, Komatsu India has seen substantial growth in excavator sales, reflecting broader trends in construction activity. Over the last couple of years, the sector has been buoyed by the National Infrastructure Pipeline launched in 2019, targeting increased investments in construction and mining projects across India.These factors indicate a robust and evolving market landscape in India's construction and mining equipment sector.

Future Outlook

India Construction Mining Equipment Market Future Outlook

The construction mining-equipment market in India is projected to grow at 5.51% CAGR from 2024 to 2035, driven by infrastructure development, urbanization, and technological advancements.

New opportunities lie in:

  • Development of electric and hybrid construction equipment
  • Integration of IoT for real-time equipment monitoring
  • Expansion of rental services for construction machinery

By 2035, the market is expected to achieve robust growth, reflecting evolving industry demands.

Market Segmentation

India Construction Mining Equipment Market Market Type Outlook

  • New Sales
  • Aftermarket

India Construction Mining Equipment Market Product Type Outlook

  • Loaders
  • Dozers
  • Excavators
  • Crushing
  • Pulverizing & Screening Equipment
  • Others

India Construction Mining Equipment Market Propulsion Type Outlook

  • Diesel
  • CNG/LNG/RNG

Report Scope

MARKET SIZE 2024 795.55(USD Million)
MARKET SIZE 2025 839.38(USD Million)
MARKET SIZE 2035 1435.1(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.51% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Caterpillar Inc (US), Komatsu Ltd (JP), Hitachi Construction Machinery Co Ltd (JP), Volvo Construction Equipment (SE), Liebherr Group (DE), Doosan Infracore (KR), JCB (GB), Terex Corporation (US), CNH Industrial N.V. (GB)
Segments Covered Product Type, Market Type, Propulsion Type
Key Market Opportunities Adoption of advanced automation technologies enhances efficiency in the construction mining-equipment market.
Key Market Dynamics Technological advancements drive efficiency in construction mining-equipment, reshaping competitive dynamics and regulatory compliance.
Countries Covered India

Leave a Comment

FAQs

What is the expected market size of the India Construction Mining Equipment Market in 2024?

The India Construction Mining Equipment Market is expected to be valued at 762.24 million USD in 2024.

How much is the market projected to grow by 2035?

By 2035, the market is projected to reach a value of 1429.0 million USD.

What is the anticipated compound annual growth rate (CAGR) for the market from 2025 to 2035?

The anticipated CAGR for the India Construction Mining Equipment Market from 2025 to 2035 is 5.88 percent.

Which product type has the highest expected market value in 2035?

In 2035, the Excavators segment is expected to have the highest market value at 420.0 million USD.

Who are the key players in the India Construction Mining Equipment Market?

Major players in the market include Caterpillar India, L&T Construction Equipment, Tata Hitachi, and JCB India.

What is the market value of Loaders in 2024?

The Loaders sub-segment is valued at 180.0 million USD in 2024.

What growth opportunity exists for the Crushing equipment segment by 2035?

The Crushing equipment segment is expected to grow to a market value of 210.0 million USD by 2035.

What is the projected market size for Dozers in 2035?

The projected market size for Dozers in 2035 is estimated to be 270.0 million USD.

How does the market for Pulverizing & Screening Equipment stand in 2024?

The market for Pulverizing & Screening Equipment is valued at 132.24 million USD in 2024.

What is the competitive landscape of the market in terms of major players?

The competitive landscape includes significant contributions from players like Hitachi Construction Machinery, Mahindra Construction Equipment, and Komatsu India.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions