Forecast: Import of Transporter or Bridge Cranes to India

In 2023, India imported 36.995 million kilograms of transporter or bridge cranes. By 2024, this is forecasted to increase to 38.137 million kilograms, marking a year-on-year growth of approximately 3.1%. This positive trend continues with a projected increase to 42.676 million kilograms by 2028, culminating in a compound annual growth rate (CAGR) of around 3.6% over this five-year period. Each subsequent year sees a steady growth between 2.8% and 3.0%.

Future trends to watch for include:

  • Advancements in construction and infrastructure projects driving demand for cranes.
  • Government policies supporting manufacturing and industrial activities could influence import patterns.
  • Technological innovations in crane technology might affect import needs and preferences.

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