The market is dominated by domestic suppliers, as imports account for 35.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. India has the third largest market size for machinery for construction, mining and quarrying regionally, with demand reaching USD8.3 billion in 2023. Caterpillar India Pvt Ltd is the largest company in India, generating 22.7% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 78.5% of total production value in 2023. The total number of companies decreases in 2023, to 78,123 units. The costs of the industry decrease by 0.4% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 19.8% of production value in 2023, the sixth highest regionally. The industry’s exports share decreases in 2023 to 34.7% of total production output. With production value of USD5.5 billion, India accounts for 2.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in India: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in India: ISIC 2924 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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