India: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in India

In 2021, the Indian mounting lifting equipment market increased by 356% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed significant growth. Mounting lifting equipment consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Mounting Lifting Equipment Exports

Exports from India

In 2021, after two years of growth, there was significant decline in shipments abroad of lifting equipment designed for mounting on road vehicles, when their volume decreased by -25.9% to X units. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 500%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, mounting lifting equipment exports expanded remarkably to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 308%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X units), Bangladesh (X units) and Nepal (X units) were the main destinations of mounting lifting equipment exports from India, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +700.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Bangladesh ($X) and New Zealand ($X) constituted the largest markets for mounting lifting equipment exported from India worldwide, with a combined 86% share of total exports.

In terms of the main countries of destination, New Zealand, with a CAGR of +30,561.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, with an increase of 41% against the previous year. In general, the export price, however, showed a noticeable setback. The growth pace was the most rapid in 2018 when the average export price increased by 109% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+3,415.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into India

In 2021, supplies from abroad of lifting equipment designed for mounting on road vehicles increased by 380% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The growth pace was the most rapid in 2016 when imports increased by 724% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, mounting lifting equipment imports soared to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 459%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X units) constituted the largest mounting lifting equipment supplier to India, with a 85% share of total imports. Moreover, mounting lifting equipment imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria stood at +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+46.1% per year) and Germany (+52.6% per year).

In value terms, Austria ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to India, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Austria totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+35.1% per year) and Germany (+53.7% per year).

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, which is down by -51.3% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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