The construction equipment (CE) industry is continuously evolving through various innovations in application and product range. Change in technology creates new opportunities to manufacture a better product with improved ways of using it.

Indian construction equipment (CE) industry was always expected to be poised for growth and what we are now witnessing is realisation of these expectations. The industry is maturing both in the scale and breadth of equipment being manufactured across market segments.

The current industry scenario seems encouraging. We are already witnessing good growth from both earthmoving and road construction segments, especially from platforms like excavators and loaders. This growth is expected to sustain with the government looking at investing in smart cities as well as developing infrastructure projects.

Roads and Highways sector has been and continues to be one of the major drivers for the ECE industry. Other sectors such as Railways, Airports, Inland Waterways etc are also integral in driving the growth.

Government of India has given impetus in fast tracking various infrastructure projects, especially in road, railways, ports and airports sectors. There are also large irrigation projects under construction in Andhra Pradesh and Telangana states.

There has been substantial growth in the overall construction equipment (CE) market in the last one year due to huge investments being made by the government for infrastructure development in the country.

Economic slowdown has impacted the Indian construction equipment industry over the past two years. The short-term economic outlook in India may seem unfavourable, however the medium to long-term economic prospects look encouraging.

We are seeing most activities in the road building sector with numerous projects progressing. Understandably, we are seeing the highest levels of demand for excavators, compactors and pavers for this application and its associated industries.

The current equipment industry scenario is a positive eco-system for construction equipment industry and commercial vehicles. Policy initiatives by the present government such as Make in India, Smart City Mission and Sagar Mala Project have given a boost to the manufacturing and infrastructure industry in India.