In FY17, the Indian Construction Equipment industry grew at a YoY of around 3.45 per cent over the previous year.
Investment in the Industry
Foreign Direct Investment (FDI) received in Construction Development sector comprising townships, housing, built-up infrastructure and Construction development projects from April 2000 to December 2017 stood at US$ 24.67 billion, according to the Department of Industrial Policy and Promotion (DIPP). India has a requirement of investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country. India is witnessing significant interest from international investors in the construction space though.
By FY20, Construction Equipment industry’s revenue is estimated to reach to US$ 5 billion. Revenues increased at a CAGR of 8.38 per cent during the last seven-year period and is further estimated to rise at a CAGR of 2.34 per cent between FY07-20, owed to the rapid infrastructure development, undertaken by the Government of India.