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CONSTRUCTION EQUIPMENT
                                                                              CONSTRUCTION EQUIPMENT























































                                                                  Fast Facts

                                                                 The construction equipment industry is moving towards
                                                                   electromobility and autonomous solutions using
           As per the Economic Survey 2022-23, India’s economic growth
           will come from path-breaking measures such as PM GatiShakti,   technologies like IoT, virtual reality, and self-learning
           National Logistics Policy and Production-Linked Incentives schemes.   machines. India shall also witness such technological
           In tune with these fast-paced policy-led developments, the off-  changes in the coming years.
           road and construction equipment industry is slated to benefit    Environment concerns had driven eco-friendly engine
           from the continued focus on infrastructure development, metro   developments leading to lower emissions.
           projects across the country, and private infrastructure developments    The use of electronics and telematics had driven
           continuing to accelerate.                               efficiency while ongoing developments in hydraulics
           Adding on to the poised growth momentum, EAC International   would reduce power losses, delivering much higher
           Consulting report highlighted that the construction industry in India   value for the users.
           is one of the sectors, which has been resilient to Covid impact,
           maintaining a steady growth despite a decline in the construction    With a solid push from the government’s ambitious
           activity due to lockdowns with some key industry drivers. With the   infrastructure development plans like National Bank for
           influx of projects in infrastructure construction, the construction   Financing Infrastructure and Development, National
           equipment industry is expected to grow at 4% in the period during   Monetization Pipeline, and Gatishakti, India will rise to
           2019-26 with the equipment sales expected to reach 122000 units.  be a key player, the second largest in the CE sector by
           In addition, India is poised to become one of the key export hubs   2030.


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