25 April 2024 
 
5 December 2018

Construction machinery market in India is booming

The flourishing construction machinery market in India is attracting a large number of exhibitors from all parts of the world to this year’s bauma CONEXPO INDIA, which will be held from December 11 to 14 at the HUDA Ground in Gurgaon/Delhi.

Photo: bauma CONEXPO INDIAPhoto: bauma CONEXPO INDIA
bauma CONEXPO INDIA is one of the leading platforms for tapping into the important growth market of India
Demand for booths at the fair has never been so high. Positive growth forecasts for the Indian construction machinery industry will turn the trade fair into a very important presentation platform for the industry.

Exhibitors are very satisfied with the number of registrations for this year’s construction machinery trade fair: Compared to the last fair in 2016, 800 square meters of hall space have been added. Over 700 exhibitors from 25 countries will present their products. Visitors can expect to see the entire product range of construction equipment.

“The trade fair will be completely booked this year for the first time. Compared to 2016 we have grown over 30 per cent – this is a tremendous achievement for bauma CONEXPO INDIA,” said Bhupinder Singh, CEO of bC Expo India.

The tremendous reputation of the trade fair is attracting exhibitors from all parts of the world to Delhi. Many major players in the industry have expanded their booth space this year.

The huge number of exhibitors is directly related to the strong growth being generated by the Indian construction machinery market and the positive outlook for India’s construction industry. These growth forecasts are being fuelled by capital expenditures being made by the Indian government in the expansion of the country’s infrastructure.

India is to become the world’s third-largest market for the global construction industry by 2025. Analysts expect real annual growth to average 6.2 per cent over the next nine years. The construction machinery market will also profit from the infrastructure expansion: Bulldozers, backhoes and excavators will generate huge gains in sales over the next five years. “The construction machinery industry has tremendous opportunities ahead of it, and bauma CONEXPO INDIA 2018 is the perfect place to see these trends up close,” Indian CEO Singh says.

http://www.bcindia.com

 

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