Massive Growth Ahead: India’s Booming Mining Construction Equipment Sector to Hit $45 Billion by 2030

India’s mining construction equipment sector is on track to reach a staggering $45 billion by 2030, driven by rising infrastructure demand, digital innovation, and sustainable development, says CII-Kearney report.

India’s Mining Construction Equipment Sector Gears Up for Explosive Growth

India is set to experience unprecedented expansion in its mining construction equipment sector, with the market projected to soar to $45 billion by 2030, according to a comprehensive study by the Confederation of Indian Industry (CII) in collaboration with global consulting firm Kearney. The report outlines a strong roadmap for growth supported by government policies, increasing infrastructure investments, and technological transformation.

Strategic Push Driving the Mining Construction Equipment Surge

The CII-Kearney report highlights that India’s burgeoning infrastructure needs, coupled with a push for domestic manufacturing and sustainable mining practices, will significantly propel the mining construction equipment sector over the next five years. Currently estimated at around $20 billion, the sector is expected to more than double in value, signaling vast opportunities for both domestic and global players.

The mining industry remains a critical pillar of India’s economy, contributing around 2.5% of the national GDP. As India aims to become a $5 trillion economy, mining and construction infrastructure will be fundamental to this transformation, necessitating large-scale deployment of modern mining construction equipment across the country.

Digitalization and Sustainability: Key Growth Catalysts

The report emphasizes that the integration of advanced digital technologies—such as telematics, AI, IoT, and automation—will revolutionize the mining construction equipment landscape. Smart machines that offer predictive maintenance, real-time monitoring, and remote diagnostics are becoming increasingly popular, boosting operational efficiency and safety.

Additionally, the shift towards sustainable practices is accelerating demand for eco-friendly equipment. Manufacturers are investing heavily in electric and hybrid machines, while policymakers are offering incentives to adopt cleaner technology in mining and construction projects.

Opportunities for OEMs and Component Suppliers

The exponential growth of the mining construction equipment market presents a golden opportunity for Original Equipment Manufacturers (OEMs), component suppliers, and technology providers. Indian manufacturers are now well-positioned to expand their footprint globally, while also meeting rising domestic demand through innovation and cost-effective production.

“India has the potential to emerge as a global manufacturing hub for mining construction equipment, not just meeting its own needs but also serving markets across Africa, the Middle East, and Southeast Asia,” said a CII official.

Policy Support and Investment Climate Fueling Sector Expansion

A key factor driving this growth is the Indian government’s robust policy framework aimed at boosting domestic production and ease of doing business. Schemes like Production-Linked Incentives (PLI), the National Infrastructure Pipeline (NIP), and significant investment in roads, railways, and smart cities are enhancing the demand for mining construction equipment.

The report also calls for the creation of dedicated zones for equipment testing, training programs to address the industry’s skill gap, and public-private partnerships to stimulate R&D investment and faster adoption of next-gen machinery.

Regional Potential and Export Opportunities

India’s eastern states, including Jharkhand, Odisha, and Chhattisgarh, which are rich in mineral resources, are likely to be key beneficiaries of the sector’s growth. These regions are witnessing major infrastructure developments, mining expansions, and new industrial corridors—all of which contribute to a higher need for modern mining construction equipment.

Furthermore, India’s strategic geographic position and trade agreements open doors for exports of Indian-made equipment to emerging economies that are similarly investing in infrastructure development.

Conclusion: A Golden Era for Mining Construction Equipment in India

The findings of the CII-Kearney report underscore a transformative era for India’s mining construction equipment sector. With strong policy backing, technological evolution, and rising infrastructure demand, the industry is poised for sustained growth, innovation, and global relevance.

For investors, manufacturers, and entrepreneurs, the road to 2030 is paved with opportunity. Those who embrace this change and invest early in technology, sustainability, and skills development will lead the charge in one of India’s most promising sectors.