Page 56 - Built Expressions - Online Construction Magazine - November 2014 Issue

Cover Feature Construction Equipment industry Growth Assessment Ground Plan to Success Demand for construction equipment is a refection of broader macroeconomic trends such as interest rates, infrastructure investment and liquidity, which themselves indicate the health of the overall economy. ndia's growth story has witnessed many cyclical changes across a Iwide range of industries from agriculture and retail to software, IT and real estate, all of which serve as key drivers of the country's economy. Volatility in real estate and related industries, such as construction equipment, has resulted in demand- supply gaps that hamper analysis of the sector and its trends. Demand for construction equipment is a refection of broader macroeconomic trends such as interest rates, infrastructure investment and liquidity, which themselves indicate the health of the overall economy. This demand equipment is expected to grow in line with the expansion of real estate development from India's key urban centres into tier-2 and tier- hamper analysis of the sector and All signs point to a country that 3 cities. its trends. Demand for construction would be wise to focus on developing India's growth story has witnessed equipment is a refection of broader its infrastructure. And when it many cyclical changes across a wide macroeconomic trends such as interest does, demand for earthmoving and range of industries from agriculture rates, infrastructure investment and construction equipment (ECE) will and retail to software, IT and real liquidity, which themselves indicate surge. Growth in a country’s ECE feet estate, all of which serve as key drivers the health of the overall economy. This is highly correlated to the growth of of the country's economy. Volatility demand equipment is expected to grow the construction industry (a proxy for in real estate and related industries, in line with the expansion of real estate infrastructure growth), with a high such as construction equipment, has development from India's key urban correlation coeffcient of more than resulted in demand-supply gaps that centres into tier-2 and tier-3 cities. 0.99. In the near future in India, the PG 56 Built Expressions Vol: 3 Issue: 11 November 2014