Understanding India's construction equipment market
India's growth story has witnessed many cyclical changes across a wide range of industries from agriculture and retail to software, IT and real estate, all of which serve as key drivers of the country's economy.
Volatility in real estate and related industries, such as construction equipment, has resulted in demand-supply gaps that hamper analysis of the sector and its trends.
Demand for construction equipment is a reflection of broader macroeconomic trends such as interest rates, infrastructure investment and liquidity, which themselves indicate the health of the overall economy. This demand equipment is expected to grow in line with the expansion of real estate development from India's key urban centres into tier-2 and tier-3 cities.
This paper provides insight into opportunities for various construction equipment original equipment manufacturers (OEMs) in terms of business channels, as well as outlining the market structure by manufacturers and segments while indicating the road ahead in terms of infrastructure requirements.
