FCC

Construction Equipment Sales Surge 26% to 135,650 Units in FY24: ICEMA

2024-05-09

In fiscal year 2024, sales of construction equipment witnessed a notable surge, rising by 26% to reach 135,650 units, according to data from the Indian Construction Equipment Manufacturers' Association (ICEMA). This substantial increase reflects a robust demand for construction machinery and equipment, driven by various infrastructure projects and construction activities across the country. The surge in sales signifies positive momentum in the construction sector, indicating increased investment and activity in infrastructure development, real estate, and other construction-related industries. This growth in construction equipment sales is a positive indicator for the overall economic landscape, suggesting resilience and potential for further expansion in the construction sector.