Home » CE market to grow by 11% to 90,950 units in 2022: Samir Bansal

CE market to grow by 11% to 90,950 units in 2022: Samir Bansal

ECONOMY & POLICY
April 29, 2022April 29, 2022
CE market to grow by 11% to 90,950 units in 2022: Samir Bansal
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Construction equipment demand peaked at 68,193 units in 2011, but sales declined successively for the next three years to 44,514 units in 2014. The trend reversed and the market started to grow as a result of the Government’s renewed focus on infrastructural development and related policies and administrative reforms. The construction equipment market grew by 2 per cent to 45,371 units in 2015, 37 per cent to 61,965 units in 2016 and 18 per cent to 73,031 units in 2017, breaching the earlier high of 2011.

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