Archive · 27 May 2025
India's Mining, Construction Equipment Sector to Reach $45B by 2030
India's construction equipment business is predicted to become very big, about $45 billion, in the next five years.
This sector is growing quickly, faster than even the U.S., Germany, and Japan.
It helps build roads, buildings, and other important things, contributing a lot to India's economy and jobs.
To make this happen, the government and companies are working together to create better rules and support.
The mining and construction equipment (MCE) sector in India is projected to reach $45 billion by 2030.
The sector is currently valued at $16 billion, with an anticipated 19% CAGR.
India is the fastest-growing MCE market among the top six global economies.
The MCE sector contributes 22% to India's GDP and supports over 70 million jobs.
The report suggests structural and policy changes to realize the sector's potential.
- Who
- The CII-Kearney Report
- What
- The mining and construction equipment sector is expected to reach $45 billion by 2030.
- When
- By 2030
- Where
- India
- Why
- Driven by the growth of infrastructure, energy, and industrial sectors
Industry
Government
Policy initiatives
Industry
The industry will need structural changes to foster the growth
Government
Recommendations include a single nodal agency for governance and PLI schemes tailored for MCE.
- Current value of the sector
- $16 billion
- Projected sector value by 2030
- $45 billion
- Projected CAGR
- 19%
- MCE market CAGR over past 5 years
- 12%
- Contribution to Indian GDP
- 22%
- Jobs supported
- 70 million+
