India’s machine buyers just got a long-range demand signal worth reading. A new report from the Confederation of Indian Industry and Boston Consulting Group projects that capital spending in the sectors that use construction and mining equipment will climb from about Rs 5.5 lakh crore in 2025 to Rs 9-10 lakh crore by 2030 — close to a doubling in five years. For anyone weighing an excavator or crane purchase, that says more than any single launch: the work, and the machine demand behind it, holds up well past this year.
The study, titled “Pressing the Throttle”, was released at the CII Mining and Construction Equipment Summit in New Delhi and first detailed by Business Standard. It pegs India’s mining and construction output at around USD 430 billion, close to 11% of GDP, supporting more than 70 million livelihoods. On trade, it notes India shipped over 11,900 excavators to roughly 110 countries in 2025 and has crossed from net importer to net exporter. Globally, buyers import about USD 150 billion of this equipment a year and India supplies under 4% of it, a gap the report frames as the next growth engine, targeting a 20% export share worth USD 75 billion-plus by 2047.
Steady capex through 2030 is the part that should shape a purchase decision. When the pipeline of roads, metros, ports and mines runs this long, OEMs keep adding India capacity. LiuGong’s Pithampur expansion and the ACE-KATO crane joint venture are recent proof, and that usually means shorter lead times, more dealer stock and better parts support across the years you own the machine.
The export drive carries a quieter benefit. As makers engineer Indian-built machines to compete abroad, the same build quality and emission-ready specs reach buyers at home. Deeper localisation also tends to hold down prices and keep spare-part costs sane.
Our take: a demand forecast is not a discount, and the Rs 9-10 lakh crore figure rides on government capex actually landing on schedule. But a five-year runway this visible does two useful things for a buyer. It supports resale values, and it keeps lenders comfortable financing equipment, since the work backing the EMI is not in doubt.
Buying against this demand curve? Line machines up side by side on our compare tool and weigh EMI options before you commit. A long pipeline is a good time to negotiate, not to overpay.
It is a July 2026 study by the Confederation of Indian Industry and Boston Consulting Group on India’s mining and construction equipment industry, mapping demand, capex and export potential out to 2047.
The report projects capex in equipment-using sectors rising from about Rs 5.5 lakh crore in 2025 to Rs 9-10 lakh crore by 2030 — close to double. It is a forecast tied to planned government spending, not a guarantee, so watch whether budgeted road, metro and mining projects get awarded on time.
Indirectly. Sustained demand and deeper local manufacturing tend to widen supply and dealer competition, which supports steadier pricing, better parts availability and stronger resale value over a machine’s life.
Related on DesiMachines: Make in India: what deeper localisation means for construction equipment buyers
Source: Business Standard
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