Indian Construction Equipment Markets: A Review of 2018 And A Forecast to 2023

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Indian Construction Equipment Markets: A Review of 2018 And A Forecast to 2023

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 declined successively for the next three years to 47,991 units in 2014. The trend reversed and the market started growing due to government’s renewed focus on infrastructural development and related policies and administrative reforms. The construction equipment market grew by 2 per cent to 48,913 units in 2015, 36 per cent to 66,613 units in 2016 and 17 per cent to 78,109 units, breaching the earlier peak of 2011. It grew 32 per cent to 103,344 units in 2018 recording a new high and exceeding 100,000 units for the first time.

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