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The Indian construction equipment market has been volatile for the last few years After an unprecedented four fold growth in four years since 2003 the construction equipment demand in India exceeded 50 000 units for the first time in 2007 but declined by nine per cent in 2008 in the wake of the global economic crisis and witnessed a further drop of 11 in 2009
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Who we are New Age Construction Equipment Engineering Company is a leading manufacturer of construction equipment like steel suspended working platforms bar bending machine bar cutting machine wall plastering machines cement plastering machine and various types of building construction
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2017116 ensp 0183 enspSale of construction equipment in India is estimated to grow at a CAGR of 6 18 per cent in volume terms and reach to 96 700 units by FY18 from 50 000 in FY07 With sale of 76 000 units construction equipments the industry has witnessed growth at a CAGR of 4 76 per cent during FY0716 With sales of 21 869 units of construction equipment during
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