India Construction Equipment Market [2030]: Comprehensive Analysis, Forecast, and Key Trends
According to the TechSci Research report, “ India Construction Equipment Market - By Region, Competition Forecast & Opportunities, 2030F,” the India Construction Equipment market was valued at USD 7.46 billion in 2024 and is projected to reach USD 10.01 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.03% during the forecast period. This growth is fueled by a combination of factors, including the rise in renewable energy infrastructure projects, advancements in construction technology, and increased urbanization. Impact of Renewable Energy Infrastructure on Market Growth The expansion of renewable energy projects, such as wind, solar, and hydropower, is a significant driver of the India Construction Equipment market. With the government’s ambitious renewable energy targets, there is a growing need for specialized equipment to facilitate construction in challenging terrains and remote locations. Equipment such as excavators, cranes, and earth...