India Set to Become World's 2nd Largest Construction Equipment Market, Overtaking China by 2030

Overview

India is projected to become the second-largest global market for construction equipment by 2030, surpassing China and trailing only the US, according to JCB India's Managing Director Deepak Shetty. Despite a 10% sales dip in the first 10 months of 2025 due to payment delays to small contractors, Shetty anticipates strong demand growth next year onwards, driven by rural market sentiment following good monsoons and government projects like PMGSY and NHAI.