CE market to record sales of 1,31,000 units by 2022
According to 6Wresearch, Indian construction equipment (CE) market volume sales to record 1,31,000 units by 2022. In India?s CE market, international players have collaborated with several Indian companies to offer their products in the Indian market. Rajat Kharbanda, Senior Research Analyst, Research and Consulting, 6Wresearch, said, ?In India?s construction equipment market, construction vehicle segment accounted for largest revenue share, followed by earthmoving equipment, concrete equipment and material handling. Government of India?s ?Make in India? campaign, 100 ?Smart Cities? project and ?Housing for All? scheme covered in over 300 cities would provide necessary boost to the demand for construction equipment in the years to come?.