India Crane Rental Market Size Worth USD 5.13 Billion by 2034 | CAGR: 6.7%

The india crane rental market size is expected to reach USD 5.13 billion by 2034, according to a new study by Polaris Market Research. The report “India Crane Rental Market Size, Share, Trends, Industry Analysis Report By Type (Mobile, Fixed), By Weight Lifting, By End Use; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The India crane rental market is growing steadily, driven by the country’s expanding construction and infrastructure sectors. Large-scale projects such as highways, metro systems, ports, industrial plants, and power projects are creating a strong demand for cranes, as companies prefer renting over purchasing to reduce capital costs. This has led to a rise in the availability of rental services offering a wide range of cranes, including mobile cranes, tower cranes, stacker cranes, and all-terrain cranes, to meet different project requirements. The market is also seeing growth as rental providers upgrade their fleets with modern, high-capacity cranes to handle heavier loads and improve operational efficiency. Many companies now provide additional services such as transportation, installation, and maintenance, making rentals more convenient and cost-effective for contractors. The flexibility of short-term and long-term rental options allows businesses to match equipment needs with project timelines, avoiding the burden of ownership.

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The India crane rental market is witnessing steady growth, driven by rapid infrastructure development, industrial expansion, and large-scale urban projects. Renting cranes is increasingly preferred by construction, manufacturing, and logistics companies as it offers a cost-effective solution and access to modern, high-capacity equipment without the burden of ownership. Advancements in crane technology, such as automated systems and specialized models for heavy lifting, are broadening the use of rental services across sectors beyond traditional construction. Rising demand from renewable energy installations, metro rail projects, and industrial hubs is also attracting significant investment from both domestic and global rental companies, further strengthening the market’s growth prospects in India.

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India Crane Rental Market Report Highlights

• In terms of type, the mobile segment accounted for USD 1.79 billion in revenue in 2024 due to a rise in port and logistics development and the growth of renewable energy projects.
• Based on weight lifting capacity, the low to medium segment is expected to register a CAGR of 7.2%, driven by the rising demand for affordable lifting solutions in urban construction, small-scale industrial projects, and infrastructure maintenance.
• The buildings & constructions segment accounted for USD 1.03 billion in revenue in 2024, attributed to the surge in residential and commercial developments and the growing preference for renting cranes to reduce project costs.
• A few global key market players include Action Construction Equipment Ltd.; Sanghvi Movers Limited; Sarens n.v./s.a; Shethia Erectors & Material Handlers Ltd.; Barkat Cranes & Equipments Pvt. Ltd.; Tara Chand Logistic Solutions Ltd.; Amrik Singh & Sons; HEFT Cranes International Pvt. Ltd.; Aggcon Equipments International Pvt. Ltd.; and Jainex Group.

Polaris Market Research has segmented the market report on the basis of type, weight lifting capacity, and end use:

By Type Outlook (Revenue, USD Billion, 2020–2034)

• Mobile
• Fixed

By Weight Lifting Capacity Outlook (Revenue, USD Billion, 2020–2034)

• Low
• Low to Medium
• Heavy
• Extreme Heavy

By End Use Outlook (Revenue, USD Billion, 2020–2034)

• Buildings & Constructions
• Infrastructure
• Transportation
• Oil & Gas
• Mining & Excavation
• Marine & Offshore
• Others