Indian CE Revenues on an Uptrend
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 FY07- 14 and are further estimated to rise at a CAGR of 2.34 per cent between
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 FY07- 14 and are 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. In FY16, India construction equipment industry grew at a YoY of around 3.45 per cent over the previous year, according to India Brand Equity Foundation. The recent budget has given sufficient thrust across sectors such as transport, infrastructure development including rail, road, highways, and PMGSY program etc. Till now the industry witnessed roads and highway sector leading the growth momentum. With this budget the focus has broadened which augurs well for the construction equipment industry.
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