Page 39 - CV June-July 2023 Issue

CONSTRUCTION

EQUIPMENT

SALES GROW 26%

TO CROSS

1 LAKH UNITS

ndia's construction equipment industry turned in its best ever crushers, impact crushers and cone crushers. “The growth
performance with 26% year-on-year growth in FY23 as sales comes on the back of the enhanced pace of construction and
I crossed the one lakh unit mark driving on road construction mining activity during the year which resulted in a significant
and railway demand. Sales in fourth quarter of FY23 increased by increase in demand for all types of construction equipment,” said
23% y-o-y and by 22% quarter-on-quarter over Q3FY23. On a Dimitrov Krishnan, president, ICEMA, and MD Volvo CE India. It
month-on-month basis, sales in March 2023 increased by 17% is estimated that road and highway construction was about 30
over February 2023, said a latest report by industry apex body km/day during FY23, which created demand for machines like
Indian Construction Equipment Manufacturers' Association excavators, motor graders, crushers & screeners, etc. “The
(ICEMA). Growth in FY23 was driven by all four sub-segments of support from the ministry of road construction & highways
CE industry, except road construction equipment, which (MoRTH) has been driving the demand for construction
recorded slight de-growth of 3% said the report. In terms of equipment as over 40% of CE demand originates from this
product segments, a total of 77,164 units of earthmoving segment.”.
equipment were sold in FY23 – up 23% over the 62,629 units sold
in Fy22. The sales of backhoe loaders and crawler excavators,
accounting for over 90% of total sales of earthmoving equipment,
increased by 28% and 17% respectively during the year.
Similarly, concrete equipment sales went up by 26% to 11,787
units in FY23 on the back of an equivalent increase in sales of
concrete mixers which contributed around 60% of sales in this
segment, said the report.

Material handling equipment segment recorded a 47% jump,
driven by a 25% surge in sales volume of pick and carry cranes,
accounting for more than 80% of the total sales in this category.
Tele-handler sales also more than doubled in FY23 while the
material processing equipment segment consolidated its
contribution to total sales with sharp growth in screeners, jaw

CONSTRUCTION VISION 37 JUNE-JULY 2023