Off-Highway Research’s Indian Database Service is available on an annual subscription basis, providing detailed analysis of the national equipment market. It provides sales and production data by OEM for 18 products.
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Included in the Indian Database Service is our Indian Annual Review, which is published every April. This report, which sells to non-subscribers for more than US$1,000, provides context and analysis to the wealth of information in the database.
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Off-Highway Research's Samir Bansal spoke at length to Equipment Times about prospects in India.
The ALL COMPANIES data line has been replaced with a DEMAND FORECAST to help prevent errors when configuring analysis tools such as Excel Pivot Tables
The disruption of the 2019 general election and the impact of the Covid pandemic have seen sales of compaction equipment in India fall away from the high seen in 2018. But the country’s ambitions road building programme should see this peaked matched by 2023.
Global construction equipment sales are expected to hit a record high of 1.13 million units, with a value of almost US$110 billion this year, according to updated forecasts from specialist consultant Off-Highway Research.
The Chinese, Indian & International Database Services and Global Volume & Value Service have been updated with revised forecasts for 2021-2025.
Once the temporary barriers to growth are overcome, demand from the infrastructure segment should drive sales higher after two years of falling sales.
Despite the pandemic, more backhoe loaders continue to be sold in India than the rest of the world combined.
The National Infrastructure Pipeline (NIP) will provide huge opportunities in road, rail, power and airport construction up to the end of the 2024-25 financial year.