Equipment Market

Govt. Initiative to Develop Public & Private sector infrastructure along with recently introduced FDI reforms for Construction Sector, highway projects & growing economy have led to the overall surge of CE (Construction Equipment) & UCE (Used Construction Equipment) market in India. Coupled by Indian government’s move to cut GST rates on CE/UCE from 28 % to18 % has resulted in unprecedented demand in India over the last five months.

CE/UCE market is expected to grow on account of increasing number of Infrastructure Projects, Initiatives by the present Govt. to develop 100 new smart cities, setting up industrial hubs for ‘Make in India’ campaign. There is huge demand for airport infrastructure, railways, roads, sanitation facilities, urban and rural housing, office spaces and numerous other projects – all indicating the need for an improved infrastructure. This signifies the demand and growth of the construction equipment industry in India.

Rise Of Used Construction Equipment

Used Construction Equipment (UCE) market plays a dominant role in the Construction Industry / Infrastructure development & the ratio between CE & UCE has become 1:1 in recent times. The primary reason Contractor / Rental Companies opt for UCE for the reasons low budget, shorter project duration or longer delivery period of New CE.

Presently Contractor / Rental Companies Acquire & Dispose UCE through local dealers/brokers and personal sources. But as number grows most customer look for Service providers who are professional and offer personalized services to meet their varied Needs.

A typical Sellers / Buyers of UCE could vary from “Seller / Buyer of Single Backhoe Loader “to “Seller / Buyer of specialized equipment like Piling Rig or Boom Pumps” or “Seller / Buyer of Fleet of 30 Machine spread over multiple locations”.