India's Mining and Construction Equipment (MCE) industry is entering a decisive decade. The sector sits at the center of the country's infrastructure expansion. The roads, railways, ports, airports, mines, factories, and power systems being built all depend on machines that move earth, lift loads, drill, crush, and pave at scale. The global MCE industry is worth about USD 420-440 billion, with Asia-Pacific accounting for roughly 55% of it. Within that landscape, India has become one of the fastest growing major markets, with domestic demand exceeding USD 17 billion in 2025.
Within a decade, MCE has gone from a small, import led market to a global growth platform, with India crossing over to become a net exporter of mining and construction equipment. Exports have nearly tripled over the past decade to around USD 4.9 billion in 2025 - an early but meaningful sign of credibility as an export base.
The domestic runway remains long. India's Viksit Bharat trajectory implies a build-out across infrastructure, manufacturing, critical minerals, and the energy transition that runs for decades. Capital expenditure in MCE-linked sectors is expected to rise from about INR 5.5 lakh crore in 2025 to INR 9-10 lakh crore by 2030, and on this pathway the Indian MCE market could reach USD 180-200 billion by 2047. Mechanization intensity also remains below global benchmarks, at roughly half the global level. This headroom will let the sector grow beyond infrastructure and mining spend alone.
The export headroom is equally significant. Globally, countries import around USD 150 billion of mining and construction equipment, but less than 4% of that demand is currently supplied by India. The near-term opportunity is clearest in developing regions like Southeast Asia, Africa, the Gulf, and South America. These are categorized with rising infrastructure and mining demand but remain highly import-dependent, with China supplying nearly half of their imports. The China+1 shift creates space for Indian OEMs to offer a credible, value for money alternative. Developed markets such as North America, the EU, Australia, and the UK are a medium to longer-term opportunity that will require higher specification, emission compliant, and autonomy ready products. By 2047, India could aspire to capture at least 20% of the global export market which is an annual opportunity of USD 75 billion.
At the same time, the equipment itself is being reinvented. The report examines six shifts remaking the industry worldwide including cleaner powertrains, connected and software defined fleets, autonomous vehicles, deeper mining, mechanization of mining operations, and new ways of owning and financing machines. Keeping pace through this transition is now essential for Indian OEMs to compete globally.
Realizing this opportunity calls for a coordinated effort between government and industry. Prepared by BCG in association with the Confederation of Indian Industry (CII), the report sets out a ten-point framework covering the policy and regulatory actions for the government's consideration, the commitments industry must make, and the priority areas where both need to act together - spanning Make in India and the critical-minerals ecosystem, localization, exports, skilling, R&D, and technology adoption.