Opportunities in the Construction Equipment Market in India

The construction industry in India is one of the sectors which has been resilient to COVID impact, maintaining a steady growth despite a decline in the construction activity due to lockdowns with some key industry drivers. With the influx of projects in infrastructure construction, the construction equipment industry is expected to grow at 4% in the period during 2019-26 with the equipment sales expected to reach 122 thsd units.

In addition, India is poised to become one of the key export hubs on account of reforms in the emission and safety standards for equipment manufactured in India. Furthermore, cordial relations between India and EU, ASEAN and Americas are a complementing factor to make India an export hub for construction equipment.

In this context, EAC has developed a short teaser summarizing key insights regarding the government push for infrastructure development through the National infrastructure pipeline (NIP) to drive demand for construction equipment.

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