Indian Construction Equipment Markets: A Review of 2019 And A Forecast to 2024

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 Perspectives.

Construction equipment demand peaked at 68,193 units in 2011, but sales declined successively for the next three years to 44,514 units in 2014. The trend reversed and the market started growing due to the government’s renewed focus on infrastructural development and related policies and administrative reforms. The construction equipment market grew by 2 per cent to 45,371 units in 2015, 37 per cent to 61,965 units in 2016 and 18 per cent to 73,031 units in 2017, breaching the earlier high of 2011. It further grew 35 per cent to peak at 98,386 units in 2018, but the market fell 15 per cent to 83,470 units in 2019.