The forecasted import of track-laying tractors (crawlers) into India shows a consistent upward trend from 2024 to 2028. The data indicates a steady growth in volume, increasing from 219.87 thousand kilograms in 2024 to 258.43 thousand kilograms by 2028. This is a year-on-year growth average of approximately 4.3%. Compared to 2023, the imports in 2024 are set to continue this growth trajectory, signifying a stable demand for such machinery in India.
Looking ahead, several factors could influence this trend:
- Infrastructure development projects in India that may increase demand for heavy machinery.
- Technological advancements in track-laying tractors could drive demand.
- Policy changes impacting import tariffs and exchange rates could either bolster or hinder growth.
- Environmental norms prompting a shift toward machinery with reduced emissions.