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.