Development of infrastructure both private and commercial is boosting the growth of construction industry which is in turn causing a parallel demand for cranes. The governmental push towards construction sector in the form of increased spending on public infrastructure is accelerating the growth further.
Government’s plans, such as 100 smart cities, are expected to boost construction activity in the country and increase the demand for construction equipment.
These increased investments and the growing construction sector are expected to drive the Indian crane market further in the future.
The crane market in India started growing post-2016, as the Central government and various state governments initiated heavy construction projects like Smart City projects, metro rail projects as the construction of new cities becomes an epicenter of infrastructure activities, thus creating a demand for cranes.