Construction equipment consists of backhoe loaders, crawler excavators, mobile cranes mobile compressors, compaction equipment, tower cranes and wheeled loaders. Their sales are mostly driven by investment in the infrastructure sector and other core sectors like coal, cement, power and residential high towers. Indian construction equipment industry is highly competitive with global players, with the market growing at a CAGR of 10%.
Some of the issues with the sector are limited access to long-term finance, inflation and regulatory framework (as in the case of bank guarantee etc.,) and speedy dispute resolution. In India, the most popular equipment is the back-hoe loader which holds a 37% market share and is dominated by JCB.
List of All Construction Equipment Manufacturers in India