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India heading for new high
07/08/2017

Construction equipment sales in India will grow 10 per cent this year, continuing the momentum of the 36 per cent surge seen in 2016. This will see the market surpass the previous record high of 72,492 machine sales seen in 2011.

Off-Highway Research expects sales to exceed 73,000 units this year as the Government continues to place an emphasis on more intensive infrastructure development. The market in the first half of the year was particularly strong ahead of the implementation of the new national Goods and Services Tax (GST).

Looking ahead, Off-Highway Research expects continued growth in the market, although this will inevitably moderate in 2019 due to the general election. However, growth is expected to resume thereafter, with sales likely to exceed 90,000 units in 2021.

“Almost all types of equipment will witness growth, though the market will continue to be dominated by the six most popular products: backhoe loaders, crawler excavators, mobile cranes, mobile compressors, compaction equipment and wheeled loaders. Together these will account for 93 per cent of the market in 2021,” said Off-Highway Research’s Market Report.

Off-Highway Research’s report is published as part of the company’s Indian Service. Click here for more details.  Please contact us at mail@offhighway.co.uk if you would like to subscribe to any services or have any further questions. Subscriptions can also be bought on-line via www.offhighway-store.com. Click here to subscribe to the Indian Service.

 
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