The Indian Construction Equipment (CE) industry is poised to become the 2nd largest by 2030 with a market size of a staggering US$ 25 billion. The ICEMA Knowledge Report titled “Indian Construction Equipment Industry- Charting New Horizons”, co-developed with ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) and Invest India, National Investment Promotion and Facilitation Agency of the Government of India, provides a comprehensive analysis of both global and Indian CE industries, underscoring India's potential for significant growth in the coming years.
The report highlights the unprecedented growth experienced by the Indian CE industry since FY2011 and how the growth momentum has accelerated in recent years, helping the industry surpass a historic milestone of 1 lakh equipment sales in FY 2022-23. The report examines the key drivers fueling this demand and dives into the Indian CE industry ecosystem. It highlights the end-user industries’ contribution to the overall CE volumes in India and provides a thorough analysis of each segment within the vast Construction Equipment market, with the annual volume trend (domestic + exports) for each segment over the period FY2019-2024. The equipment intensity across the major end-use sectors has also been depicted, along with the equipment-wise mix in FY2023.
ICEMA Knowledge Report
The report outlines the Indian CE industry vision plan 2030, highlighting the projected growth for each segment. It explores factors supporting future growth of the industry, such as government spending plans and infrastructure initiatives. However, the report also acknowledges key challenges, including fostering sustained demand and overcoming operational and technological hurdles. Importantly, it provides industry recommendations for addressing these challenges.
The ICEMA Knowledge Report is available for purchase at a price of Rs. 20,000/- plus 18% GST. To acquire a copy of the report, an order can be placed by completing the Order Form provided.
Payment should be made to the following bank account:
Once the order is placed, you may share the payment transfer details with the ICEMA Secretariat at amrita.verya@i-cema.in. The Secretariat will confirm receipt of payment and arrange for the digital version of the report, along with a tax invoice with the details provided in the Order Form. It is important to ensure that the Order Form is filled out completely with accurate address details, including city, pin code, and state.
| Bank Details of ICEMA | |
| Name of Organization | Indian Construction Equipment Manufacturers’ Association |
| Bank Name | HDFC Bank |
| Branch Name | 3/172, Jor Bagh, New Delhi – 110003 |
| Account No. | 06171110000035 |
| NEFT/IFSC Code | HDFC0000617 |
For further inquiries or more information, interested parties can reach out to Ms. Amrita Verya via email at amrita.verya@i-cema.in.
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