An upward trend for construction equipment
Equipment

An upward trend for construction equipment

Construction equipment demand grew 35 per cent to peak at 98,286 units in 2018 but fell 15 per cent to 83,470 units in 2019. Demand declined a further 12 per cent to 73,595 units in 2020, a much less severe fall than the industry’s expectation at the start of the pandemic. The market mitigated the impact of COVID-19 well and, despite a severe second wave of the pandemic, registered a 12 per cent growth with sales of 82,218 units in 2021.

Numerous factors, such as the National Infrastructure Pipeline (NIP), the GatiShakti National Master Plan for multimodal connectivity, National Monetisation Pipeline (NMP), other government infrastructure programmes, the macroeconomic situation, policies,reforms and challenges, impact the construction equipment market.

The industry could not keep pace with the estimated demand at the beginning of the year owing to the interplay of global and local factors. Off-Highway Research estimates that the construction equipment market has remained almost flat in 2022.

To read the full story, CLICK HERE.

Construction equipment demand grew 35 per cent to peak at 98,286 units in 2018 but fell 15 per cent to 83,470 units in 2019. Demand declined a further 12 per cent to 73,595 units in 2020, a much less severe fall than the industry’s expectation at the start of the pandemic. The market mitigated the impact of COVID-19 well and, despite a severe second wave of the pandemic, registered a 12 per cent growth with sales of 82,218 units in 2021. Numerous factors, such as the National Infrastructure Pipeline (NIP), the GatiShakti National Master Plan for multimodal connectivity, National Monetisation Pipeline (NMP), other government infrastructure programmes, the macroeconomic situation, policies,reforms and challenges, impact the construction equipment market. The industry could not keep pace with the estimated demand at the beginning of the year owing to the interplay of global and local factors. Off-Highway Research estimates that the construction equipment market has remained almost flat in 2022. To read the full story, CLICK HERE.

Next Story
Real Estate

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases—teaser, engagement, and launch. The campaign spotlighted the brand’s renewed commitment to designing homes that go beyond function to foster ..

Next Story
Resources

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25–26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India’s office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025–26. By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days—ushering in a new bench..

Next Story
Real Estate

TOTO’s NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?