(Units)
Articulated Dump Trucks
Asphalt Finishers
Backhoe Loaders
Compaction Equipment
Crawler Dozers
Crawler Excavators
Crawler Loaders
Mini Excavators
Mobile Compressors
Mobile Cranes
Motor Graders
Motor Scrapers
Rigid Dump Trucks
Rough Terrain Lift Trucks
Skid-Steer Loaders
Wheeled Excavators
Wheeled Loaders
Total Construction Equipment
Annual Percent Change
2011
50
1000
30,000
3200
800
15,000
5
100
4000
11,500
600
-
750
60
500
5
3200
70,770
+ 19
2012
40
1150
32,000
3700
900
20,000
5
125
4300
13,000
700
-
850
90
600
5
3900
81,365
+ 15
2013
50
1250
33,500
4200
1000
25,000
5
150
4800
14,500
800
-
800
130
700
5
4600
91,490
+ 12
2014
60
1325
35,000
4600
1050
30,000
5
200
5300
16,000
900
-
725
180
800
5
5300
101,450
+ 11
2015
70
1400
36,000
5000
1100
35,000
5
250
5800
17,000
1000
-
850
225
900
5
6000
110,605
+ 9
Change
2011-2015
+ 40
+ 40
+ 20
+ 56
+ 38
+ 133
-
+150
+ 45
+ 48
+ 67
-
+ 80
-
+ 88
+ 56
+ 56
Source: Off-Highway Research
construction input, and in contrast the
different infrastructure sectors have all
developed ambitious plans to intensify
their individual development. At the
same time, regional governments are
expected to increase their construction budgets for their own local development. The construction equipment
market is therefore anticipated to see
a steady rise, but at a more moderate
rate in the future, on the assumption
that there is no major change in the
direction of policy.
As a result, Off-Highway Research
is confident that demand may rise by
a further 20 to 30% in the period of
2011 to 2015, to around 550,000 to
600,000 units a year. This is around
the same as total world sales in 2009.
Turning toward India, the global
economic crisis first felt in the country
in September 2008 had a severe and
direct impact on the Indian construction equipment industry, although the
market started recovering in the last
quarter of 2009.
Following a fourfold period of growth
from 2003, the market peaked in 2007
at a record total of 50,706 units, but
then came the global economic recession. Construction equipment sales
then fell to 46,141 units in 2008, with a
further drop of 11% to 40,909 units in
2009. However, the market has since
shown a sharp recovery, growing by
45% to 59,322 units in 2010. Current
indicators point toward a strong outlook of growth for the next five years.
Over the next several years, the
construction equipment market will
continue to be driven by the development of infrastructure and the economic growth of the country. There
is a stable government, no political
turmoil is expected in the medium to
long term, and there is an increasing
focus on infrastructure development,
which is essential to achieve the
desired rate of economic growth.
The 11th five-year plan period will end
on March 31, 2012, and the 12th plan will
be in force thereafter. The government
is likely to more than double the infra-
structure sector’s expenditure to over
$1.0 trillion, which will have a positive
impact on the construction equipment
industry. It is also taking policy mea-
sures to improve investor confidence
and attract foreign investment, and is
encouraging public private participation
(PPP) for infrastructure development.
