India Construction Equipment Market Growth – Watch out for the key trends!

India’s equipment market for construction is expanding rapidly, driven by massive infrastructure developments and rising demand for advanced machinery. India is surpassing the world average at an annual growth rate of 10% and is a top battleground for producers.

Excavators Supplant Backhoe Loaders
Backhoe loaders ruled Indian construction for years, but the trend is reversing. Excavators have increased their market share by 10% in the last decade and are now the go-to machine for big-ticket projects. By 2030, excavators are expected to surpass backhoe loaders in sales, revolutionizing the sector.

Chinese Brands Gain Ground
As demand for excavators increases, Chinese brands currently occupy 20% of India’s excavator market, fueling competition. Indian brands will have to innovate and localize to remain competitive.

Want to know more? Watch our latest video for the full story!

What’s your take on this shift? Drop your thoughts in the comments!