Released November 22, 2021 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--India's construction-equipment producers are witnessing a return to market growth, with the first quarter of 2022 expected to see particularly strong demand. Industrial Info is tracking 49 related projects, with a total investment value of more than $685 million, across in India.
India's construction-equipment sector grew 65% from January to June 2021, when compared with the same period in 2020, despite a negative impact on sales from the second wave of COVID-19. The second half of 2021 is expected to see a 20% to 25% improvement from the same period in 2020, according to the Indian Construction Equipment Manufacturers Association (ICEMA).
Construction activity is picking up significantly in transportation sectors such as ports, metro systems and airports. Manufacturers of the heavy-duty off-road equipment, such as construction, mining and agriculture machinery, continue to benefit from a recovery that began in the second half of 2020. But material costs have increased, and various trade issues have been hindering progress.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of active construction-equipment projects across India.
Click on the image at right for a heat map of India's active construction-equipment projects, from Industrial Info's Geolocator tool.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
India's construction-equipment sector grew 65% from January to June 2021, when compared with the same period in 2020, despite a negative impact on sales from the second wave of COVID-19. The second half of 2021 is expected to see a 20% to 25% improvement from the same period in 2020, according to the Indian Construction Equipment Manufacturers Association (ICEMA).
Construction activity is picking up significantly in transportation sectors such as ports, metro systems and airports. Manufacturers of the heavy-duty off-road equipment, such as construction, mining and agriculture machinery, continue to benefit from a recovery that began in the second half of 2020. But material costs have increased, and various trade issues have been hindering progress.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of active construction-equipment projects across India.
Click on the image at right for a heat map of India's active construction-equipment projects, from Industrial Info's Geolocator tool.Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
