The market for construction equipment declined 8% in 2012, 16% in 2013 and 14% in 2014. Construction equipment is relatively in short supply as the order books of these road equipment manufacturers are full." However, construction equipment industry players are of a different view when it comes to order books being full and overflowing. Backhoe Loaders would continue to remain the pivot of this growth of Indian construction equipment sector. "The growth (for the road construction equipment) will moderate to 9% in 2017 and further to 7% in 2018 with sales of 68,495 units.

Source: dna October 08, 2016 01:18 UTC