The Indian construction equipment industry registered a 14% quarter-on-quarter (QoQ) decline in sales in the first quarter of the cur-rent financial year (Q1 FY 2022-23), but things have changed gradually. Union Minister of Road Transport and Highways Nitin Gadkari had recently said in the Rajya Sabha that by 2024, road infrastructure in India will be similar to that of the United States. Nevertheless, the Indian construction equipment market size is projected to grow at a CAGR of 23.3% during 2021-27. The growth can be attributed to rising investment in the growing public and private infrastructure, FDI reforms for construction sector, and highway projects.
India’s growing economy has led to an overall surge in the construction equipment market of India. In addition, the government’s ambitious projects such as the Smart City, Bharatmala, Sagarmala, NIP, the Golden Corridor, Housing for All, Restructuring and Expansion of Railways, etc. will bolster growth of construction equipment during the forecast period.
The 6th international trade fair for construction machinery, building material machines, mining machines and construction vehicles, bauma ConExpo India 2023 will be held from January 31–February 3, 2023 at India Expo Centre, Greater Noida / Delhi NCR India.
Construction Week speaks to exhibitors to find out what’s in store for customers and visitors alike.
"OUR PATENTED TECHNOLOGY OF ISOTRACTION SURFACE ENHANCES TRACTION AND SAFETY FOR VEHICLES AND THE FOUR 3 CONNECTION REDUCES DRIFT & SLIPPAGE."
PRASANNA KUMAR
WHAT TO EXPECT
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Denne historien er fra February 2023-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry
STRIKING THE PERFECT CHORD
The 14th Construction Week Awards was an evening to remember with 1 industry turning up in full strength
REAL ESTATE
For the past six years, we have resorted to ranking Top 100 real estate and infra companies.
THE DYNAMICS PROPELLING REAL ESTATE GROWTH IN KEY CITIES
Dr Gautam Kanodia, founder, KREEVA, co-founder, Kanodia Group, explains the trends
DESIGN PAR EXCELLENCE
Design International has been at the forefront of retail-led design for 60 years. Staying sustainable and contemporary is their mainstay
dormakaba EXPANDS ITS MARKET PRESENCE IN INDIA
dormakaba expands its presence in India with the opening of a new Customer Experience Center in New Delhi, joining its existing centers in Mumbai and Bangalore. These hubs offer customers direct access to products, solutions, and on-site training.
GODREJ PROPERTIES ACQUIRES ITS 11TH NEW PROJECT; TAKES BOOKING VALUE TO RS 22,950 CRORE!
Will develop a group housing plot at Golf Course Road in Gurugram
SIGNATURE GLOBAL AWARDS RS 1203 CRORE CONSTRUCTION CONTRACT TO CAPACIT'E
First phase comprises 2.1 million sq-ft
HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
