Predicting equipment forecast, features and preference for the future

27 Nov 2021 CW Team

The year 2021 is expected to end with sales of 82,000 units of construction equipment, 11 per cent higher than the previous year, according to Off-Highway Research. This would boost sales past the pre-COVID level of 83,470 units.

Multiple factors favour the long-term growth of the market, but with the caveat that India would have overcome the pandemic by the beginning of 2022, explains Samir Bansal, General Manager, Off-Highway Research.

In 2022, Off-Highway Research expects construction equipment sales to grow 15 per cent to touch 94,100 units, still lower than the last decadal high of 98,386 units in 2018. That peak is forecast to be crossed in 2023, when 11 per cent growth will take the overall tally to 104,650 units. “Sales are predicted to fall 8 per cent to 96,650 units in 2024, an outcome of the general election, an event that usually tends to disrupt economic activity,” he adds. Sales should bounce back in 2025, when 11 per cent growth may push the volume to 107,450 units.

So, what types of equipment will witness growth?

Click here to read more...

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..