In 2007, the size of the Indian construction equipmentmarket was about US$ 2.4 billion to US$ 2.64 billion,a fraction of the US$ 75 billion global market.
The market grew more than 30 per cent over 2006 incomparison to a growth of 5 per cent globally.
The Indian market comprises 200 domesticmanufacturers (small, medium and large) and the topsix players account for about 60 per cent of themarket.
The import market was in excess of US$ 375 millionin 2007.
There is a huge scope to improve revenues fromservices for construction equipment.
Global service revenues scaled up 11 per cent to 20per cent as compared to Indian companies.
Exports are expected to be worth US$ 100 million toUS$ 200 million by 2010, after having registered acompound annual growth rate (CAGR) of 30 per centover the period 2001 to 2005.
Indian construction equipment market among the top 10
CII-KPMG Report, Indian Infrastructure Equipment Magazine, KPMG analysis;Construction Equipment, IBEF
Construction and material handlingequipment industry (2004)
CII-KPMG Report on Infrastructure Equipment, KPMGanalysis
CONSTRUCTION EQUIPMENT September 2009