India has globally become one of the key potential markets for construction equipment (CE). Construction market contributed nearly 7 per cent to the India?s GDP and further estimated to acquire 8 per cent by the end of 2015. Further, by 2025, India?s construction market is expected to emerge as the third largest in the world, which would exhibit huge demand for CE in the coming years.

In overall construction market, government vertical is the leading revenue generating segment; led by various public infrastructure projects. Although, during 2012-14, construction market in India registered sluggish growth owing to low confidence amongst investors resulting in delay in construction projects coupled with clearance issues and land acquisition delays, thus affecting overall demand for construction equipment.

On the contrary, early 2015 period posted positive growth in construction market, which created the demand for these equipment.