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On the Move!

The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.

Karan Chechi, Director, TechSci Research, speaks on major demand drivers in medium and heavy-duty mobile cranes market.

Karan Chechi, Director, TechSci Research, speaks on major demand drivers in medium and heavy-duty mobile cranes market.

Demand for higher tonnage cranes is likely to grow

With the government’s heavy investment on infrastructure development, the mobile crane market in India is showing gradual signs of improvement, which was impacted by the pandemic.

There is upsurge in demand for medium & high-capacity cranes”

The medium and heavy-duty mobile cranes market is progressing largely in India due to the growth in the construction industry of the country.

Demand for pick n carry cranes has strong correlation with industrial growth

The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India.

Overall outlook for next two years in positive

The overall outlook for next couple of years for pick and carry, and medium and heavy duty mobile cranes is positive. While we expect a sustainable growth on YoY basis, but due to pandemic, we might see some hiccups in between.

We proactively pursue when it comes to adopting digital technologies

As a major player in heavy-duty mobile cranes market in India, TIL has consolidated its presence over the years.

Lifting up Expectations

Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.

FROM RECOVERY TO GROWTH

The construction market in India is the second largest in Asia-Pacific Countries (APAC) region and is expected to become the fastest growing market in the region by 2025.

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