Government expenditure on infrastructure in India is likely to result in increased construction expenditure of nearly US$ 253.94 billion (INR 12,189 billion) between 2008–09 and 2012–13).
The growth of the construction equipment industry is directly linked to the growth of the Indian economy as it receives a boost with increased investments in infrastructure and related sectors.
The construction equipment market can be classified into four segments - earth-moving equipment, material-handling equipment and cranes, concrete equipment and road-building equipment. Close to 200 manufacturers cater to the Indian construction equipment market.
During 2010, the production of cranes as well as lifts and escalators is expected to rise by 20.3 per cent and 11.9 per cent, respectively. In 2010, equipment sales are expected to grow by 26 per cent over the previous year.
Key players in India include Bharat Earth Movers Ltd (BEML), Gujarat Apollo Industries Ltd and Eimco Elecon (India) Ltd.Sectoral Presentation (April 2010)
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