The import of self-propelled cranes and lifting frames on tyres to India is forecasted to rise from $76.359 million in 2024 to $86.919 million by 2028. This reflects a robust compound annual growth rate (CAGR) over the five-year period. The consistent year-on-year increase indicates a healthy demand in the construction and infrastructure sectors for such equipment.
In 2023, the import value stood below the 2024 forecast, illustrating a notable increase as India grows its infrastructure capabilities. Key trends to monitor include technological advancements in machinery, shifts towards sustainable and eco-friendly equipment, and policy changes impacting import tariffs and regulations.
- Strong growth trajectory across forecast years
- Increasing infrastructure investments in India
- Advancements in crane technology
- Sustainability in equipment design