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India's construction equipment sector to touch $25 billion by 2030; ICEMA
Currently the world’s third-largest market for construction equipment, India’s CE industry is valued at approximately $10 billion (FY24).Read more
ICEMA's Vision Plan 2030 aims to make India world’s 2nd largest in Construction Equipment industry, reveals President
Indian Construction Equipment Manufacturers Association (ICEMA) is the nodal body representing the Construction Equipment industry (OEMs, suppliers and financial institutions) in the country and is affiliated to Confederation of Indian Industry (CII). V Vivekanand, President of ICEMA and of Managing Director at Caterpillar India, in this interview, shares the current outlook of Indian CE industry while emphasising on the need of technology adoption. The association also launched ICEMA CE TechnolRead more
Indian Construction Equipment industry sales grow by 31% Y-o-Y, volumes doubles since FY 2014
Indian Construction Equipment Manufacturers Association (ICEMA) shares a quarterly sales report of Indian Construction Equipment industry which showed a growth momentum with increased domestic sales for 27,423 units while 2,655 units were exported.Read more
Indian Construction Equipment Industry sales for Q2 FY24 record 31% YoY growth
Total equipment sales in Q2 24 increased to 30,078 units, against 22,941 units sold in Q2 of FY 2022-23. Of these, domestic sales accounted for 27,423 units while 2,655 units were exported.Read more
India’s construction equipment industry witnesses 8% de-growth in FY22: ICEMA
While earthmoving equipment & road construction equipment experienced 14% & 10% decline respectively, other three segments (namely material handling, material processing and concrete equipment) registered positive growth during FY22.Read more