India: Loading Machinery Market 2025

Loading Machinery Market Size in India

The Indian loading machinery market was estimated at $X in 2022, increasing by 5.4% against the previous year. In general, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Loading Machinery Production in India

In value terms, loading machinery production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production enjoyed resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Loading Machinery Exports

Exports from India

In 2022, approx. X units of lifting, handling, loading or unloading machinery were exported from India; rising by 16% against the previous year. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, loading machinery exports stood at $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 105%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for loading machinery exports from India, with a 46% share of total exports. Moreover, loading machinery exports to the United States exceeded the volume sent to the second major destination, Israel (X units), sevenfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+98.8% per year) and the United Arab Emirates (+0.9% per year).

In value terms, the United States ($X) remains the key foreign market for lifting, handling, loading or unloading machinery exports from India, comprising 46% of total exports. The second position in the ranking was held by Israel ($X), with a 6.2% share of total exports. It was followed by the United Arab Emirates, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+93.2% per year) and the United Arab Emirates (+0.4% per year).

Export Prices by Country

In 2022, the average loading machinery export price amounted to $X per unit, reducing by -12.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into India

In 2022, supplies from abroad of lifting, handling, loading or unloading machinery was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports posted a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 96%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, loading machinery imports expanded sharply to $X in 2022. Over the period under review, imports saw a noticeable increase. The pace of growth appeared the most rapid in 2018 with an increase of 104%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and South Korea (X units) were the main suppliers of loading machinery imports to India, with a combined 56% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lifting, handling, loading or unloading machinery to India, comprising 32% of total imports. The second position in the ranking was held by South Korea ($X), with a 9% share of total imports. It was followed by Japan, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.0% per year) and Japan (+10.0% per year).

Import Prices by Country

The average loading machinery import price stood at $X per unit in 2022, with a decrease of -15.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :