India’s crane, lifting, and material-handling equipment sector is set for steady growth over the next decade, driven by domestic large-scale infrastructure projects, rapid industrial expansion, and heightened automation across key Indian industries. According to a recent study, India is positioned as a primary driver of global demand, with the global market projected to grow at a compound annual growth rate (CAGR) of 4.2% through 2035.
The report highlights that infrastructure investments, including India’s National Infrastructure Pipeline, are expected to boost demand for mobile cranes, tower cranes, overhead cranes, hoists, and other material handling equipment. Growth in manufacturing, warehousing, logistics, and renewable energy projects is also expected to support equipment purchases and fleet expansion across the country.
Industry experts anticipate that automation, digital monitoring systems, and fleet modernization will emerge as significant trends influencing the market in the coming years. Despite ongoing challenges such as increasing raw material costs and supply chain disruptions, the continued urbanization and industrial development are projected to sustain strong growth in the Indian crane and lifting equipment sector through 2035.
