The compaction equipment market in India peaked at almost 5,700 units in 2018. It has since declined, as have equipment sales in general, due to first the disruption of the 2019 general election and then the Covid Pandemic in 2020. Sales last year stood at just above 4,500 units as a result.
However, demand is expected to return to 2018 levels in the next two years, according to a new Equipment Analysis report in Off-Highway Research’s Indian Service.
“The simple truth is that there is a massive amount of work yet to be done in the road sector, and this will call for large volumes of equipment to complete it. How large those volumes will be is totally dependent on the government’s effectiveness in facilitating project execution and addressing key impediments,” said the report.
The 80-page report on the compaction equipment industry in India is now available to subscribers to the Indian Service.
It is believed to be the most detailed and in-depth report ever published on the subject, with analysis covering market size, market shares, production, foreign trade, market structure, distribution networks, equipment population, end-user demographics, machines available and a five-year forecast.
Subscribers can login here to access the report. It can also be bought by non-subscribers here.
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