+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?