Off-Highway Research’s Indian Service is available on an annual subscription basis, providing detailed analysis of the national equipment market and the major equipment manufacturers active in the country. An annual subscription unlocks access to the full library of more than 45 current Equipment Analyses and Company Profiles. Each report is updated on a regular cycle with up to 24 new documents added to the service throughout the course of a year. Full subscribers also have access to our free enquiry service.
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Rigorous analysis of the structure, demand and trends for a single product.
Typical coverage includes:
Objective analyses of major construction equipment manufacturers or component suppliers.
Typical coverage includes:
Although volumes are modest, increased domestic production is helping to grow the mini excavator market in India.
Sales of asphalt pavers are expected to rise 20 per cent this year after a particularly disappointing 2022. However, the long-term trend in the market is for slower growth and relatively modest volumes.
After four years of disruptions, India is once again fulfilling its promise of long-term equipment sales growth
Rather than enjoying modest growth this year, construction equipment sales in India are expected to remain level with 2021.
The market is slowing in the short term due to inflation and new emissions regulations, but the medium to long term outlook remains positive
Despite supply chain issues and the negative impact of inflation, the pipeline of infrastructure work in India means a record number of crawler excavators should be sold next year.
The introduction of Stage IV laws has seen a new generation of machines launched which fall outside the engine powerband affected by the legislation.
Sales in 2021 were the best for more than a decade and buyer preference is shifting away from relatively small machines.
The market did not slow down during the Covid pandemic, and there are many positive long-term factors which will continue to drive growth.
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