Report highlights growing sales of contruction machines in India

A new report highlights the growth for sales of construction machines into the Indian market. This market did see a drop in the 2014-2015 period but has been growing quickly since 2016. In 2016 52,000 construction machines were sold in India, an increase of 37% over the previous year, according to the report by Off-Highway Research. The report also suggests sales of construction machines will continue to grow for the next five years in India, climbing by as much as 50% to hit an impressive 70,000 units in
December 12, 2017 Read time: 2 mins

A new report highlights the growth for sales of construction machines into the Indian market. This market did see a drop in the 2014-2015 period but has been growing quickly since 2016. In 2016 52,000 construction machines were sold in India, an increase of 37% over the previous year, according to the report by Off-Highway Research. The report also suggests sales of construction machines will continue to grow for the next five years in India, climbing by as much as 50% to hit an impressive 70,000 units in 2021.

Italian firms have benefited from the increase in the Indian market for construction machines, according to the Italian equipment association 2539 UNACEA. Its research shows that the first eight months of 2017 saw a 60% increase in imports of Italian made construction machines, reaching a value of €35 million. This compares well with sales of Italian construction machines to India for the same period in 2014. The first eight months of 2014 saw Italian construction machine sales to India of just €6.4 million.

"The growth of the Indian market of construction equipment, the increase in the foreign trade with India, the number of joint ventures and technological collaborations between our two countries are all signals to how it is important to support SMEs who decide to make business in India – said Paolo Venturi, president of UNACEA. As a result, UNACEA has set up an Italian construction machine pavilion at the Excon construction machines show being held in India.

Finance & Funding

For more information on companies in this article

Related Content

  • Global machine sales expected to rise
    September 13, 2017
    A report by Off-Highway Research suggests that worldwide construction machine sales could increase 16% this year. On a global basis, sales of construction machines are expected to exceed 810,000 units in 2017, with a value of more than US$80 billion. The report says that most major territories will see growth during 2017. However China’s resurgence will be crucial, as crawler excavator sales in the country have more than doubled in the first half of 2017, compared to the same period last year.
    Read More
  • India’s massive demand for construction machines
    June 17, 2016
    India is the new focus for the world construction industry market. In 2015 there was a change in perspective in Asia, with demand for machines in China dropping in terms of construction growth. India posted growth of 5.3% during 2015, while China achieved growth of 4%. This change at the top has been confirmed by the SaMoTer-Verona Outlook. This is a construction sector observatory group set up in partnership with Prometeia, the international economic consulting and research firm, with the support of Una
    Read More
  • Italy seeing growth in construction machine sales
    February 3, 2016
    The Italian manufacturers of construction machines are seeing positive developments in market demand for off highway equipment. In 2015, construction equipment sales in the Italian market increased by 34% to 9,138 units, compared to the previous year. The sales results show that 8,813 earthmoving machines were sold, a growth of 32%, while 325 road machines were sold, a growth of 180%.
    Read More
  • Italian construction machine firms bullish
    February 2, 2017
    Improving sales of construction machines by Italian manufacturers are resulting in greater business confidence amongst these firms. According to the Italian construction machine manufacturing association, UNACEA, the machine sales figures for 2016 saw a notable improvement over the results for 2015. During 2016, 10,984 construction machines of various types were sold in the Italian market. This was a 26% increase over the numbers sold in the previous year. The UNACEA data shows that 10,517 earthmoving machi
    Read More

Highlighted Content