India’s Construction Equipment Market Poised for Strong Growth by 2030

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Key Highlights

• India may surpass China by 2030.

• Market size currently 95,000–1,00,000 units.

• Export losses due to US tariffs.

• JCB launches 52-tonne excavator.

• Rural markets drive 70% of sales.

India’s construction equipment industry is gearing up for a major growth phase, and JCB India believes the country could soon become the world’s second-largest market. Deepak Shetty, CEO & MD of JCB India, has urged the government to continue its strong focus on infrastructure development and introduce a supportive export policy to help the industry overcome tariff-related challenges.

Shetty stated that despite a temporary slowdown this year, India’s long-term potential remains extremely strong due to consistent government spending, favourable monsoons, and expanding export opportunities through global Free Trade Agreements (FTAs).

Also Read: India’s Construction Equipment Market Eyes Major Global Leap by 2030: JCB India

India’s construction equipment market currently delivers 95,000–1,00,000 units per year, positioning it close behind global leaders. In comparison:

• China stands at 1.75 lakh units

• USA leads with 2.5 lakh units

With rapid infrastructure expansion, India is expected to overtake China by 2030.

Industry Challenges and Export Concerns

The industry is facing a dip in volumes this year. Total equipment sales are expected to fall to 90,000 units in 2025, compared to 1 lakh units in 2024.

Exports have also suffered due to tariff issues with the US. JCB India’s export numbers fell from 14,000 machines to 11,500 machines. Shetty has urged the government to launch a motivating export scheme to support manufacturers facing such tariff losses.

Domestic Infrastructure Needs

Deepak Shetty has appealed to the government to:

• Continue strong infrastructure spending

• Provide better funding support to state governments struggling to develop rural areas

• Improve financial assistance mechanisms for contractors

Rural markets remain extremely important for JCB, contributing 70% of total machine sales.

JCB India’s Growth Outlook

Despite challenges, JCB India expects double-digit growth in both domestic sales and exports next year. The company’s domestic volumes have temporarily reduced from 64,500 units to 57,000 units, but long-term demand remains strong.

JCB is also expanding its product portfolio with:

• A 52-tonne excavator, the largest ever designed in India

• Machines compatible with hydrogen fuel

• Specialised equipment for the Railways and Defence sectors

Leadership Insights from JCB India

Shetty emphasised that India must continue its infrastructure momentum and also provide better support for rural development.

He said:

• “The first request is that the focus on infrastructure must continue.”

• “We must fund state governments better so they invest more in rural infrastructure.”

• “A motivating scheme for exporters is needed to counter tariff-related issues.”

He added that with improving global markets and FTAs, India must push its export strength more aggressively.

On long-term potential, Shetty said: “Our penetration is still low. In the next five years, India is expected to become the second-largest construction equipment market globally.”

About JCB India

JCB India is one of the world’s leading construction equipment manufacturers, exporting to over 135 countries from its Indian facilities. The company maintains a strong presence in both rural and urban markets and is focused on innovation, alternative fuels, and global expansion.

Also Read: Volvo CE Announces New Crawler Excavator Plant in Sweden with 700 Million SEK Investment

CMV360 Says

India’s construction equipment market is moving toward a strong growth phase, supported by continuous infrastructure investment, better rural development funding, and improving export opportunities. Despite short-term challenges like reduced volumes and tariff issues, JCB India remains confident about double-digit growth next year. With expanding FTAs, new product innovation, and rising demand from rural markets, India is well-positioned to become the world’s second-largest construction equipment market by 2030.