Indian Construction Equipment Markets: A Review of 2017 And A Forecast to 2022

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Indian Construction Equipment Markets: A Review of 2017 And A Forecast to 2022

Off-Highway Research's Annual Reviews are summaries of construction sold by product type and by country looking at the last five year's sales data and looking forward for the next five years.

Typical coverage includes: Country Analyses (fifteen European countries), Equipment Analyses (fifteen product types), Production Analyses and International Prespectives.

Construction equipment demand peaked at 72,492 units in 2011, but sales could not be sustained at this level due to the ‘policy paralysis’ phase of the previous government. Sales declined by 9 per cent in 2012, 16 per cent in 2013 and a further 14 per cent in 2014 to settle at 47,991 units. Nevertheless, after declining for three consecutive years, the trend reversed and the market grew by 2 per cent to 48,913 units in 2015. The policy and administrative decisions of the current government to speed up the pace of infrastructure development showed very positive results and sales of construction equipment increased by 36 per cent to 66,613 units in 2016, which further grew 17 per cent in 2017 to a new peak of 78,109 units.

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