The market for machinery and construction equipment has reached record figures in India. According to the analysis and estimates provided by Off Highway Researches, a company that provides services to companies operating in the construction segment, 58,715 units of these machines were sold in 2010, an increase of 42% compared to 2009 (when the figure stood at 41,409 units sold).
In addition to the backhoe machines, which represent almost half of all sales and that have shown an increase of 59% over the previous year, it is important to highlight the incredible growth shown by loaders with 550 units sold and a +90% growth registered. Even other types of equipment have shown remarkable figures: dumpers, mini excavators, wheel excavators, together with other types of products have reached a +99% growth.
The data arrived at by the search for Off-Highway Research are impressive and confirm the incredible trend of the sector. The outlook for construction machinery show not only that the Indian market will double their numbers in the coming years, reaching 86,420 units in 2014, an increase of 112% compared to 2009, but also that demand shall increase for all segments of the industry.