Construction Equipment Sales Rise 5% in Q1 FY25: ICEMA Report

Published at August 17, 2024 by InfraJunction

Construction Equipment Sales Rise 5% in Q1 FY25: ICEMA Report

India's construction equipment industry saw a 5% increase in sales during the April-June quarter of 2024-25, reaching 28,902 units. This information comes from a report released on Friday. Data from the Indian Construction Equipment Manufacturers' Association (ICEMA) shows that in the same period last year, the industry sold 27,577 units.

Sales of construction equipment in the first quarter of FY 2024-25 grew by 5% compared to the same period last year. They increased from 27,577 units in Q1 FY 2023-24 to 28,902 units in Q1 FY 2024-25.

The report attributed this growth to rising year-on-year sales in three of the five main equipment segments during the April-June 2024 period. Earthmoving equipment saw a 5% increase in sales. Road construction equipment sales rose by 9%. Concrete equipment sales grew by 11%.

However, material handling equipment sales dropped by 3% and material processing equipment sales decreased by 4% compared to Q1 FY24.

Q1 FY25 Sales Down 29% QoQ

On a quarter-on-quarter basis, total sales in Q1 FY25 were 29% lower than the 40,965 units sold in Q4 FY24.

According to ICEMA, out of the 28,902 construction equipment units sold in Q1 FY25, 26,020 units were sold domestically, and 2,882 units were exported.

In the first quarter of FY 2024-25, the earthmoving equipment segment sold 19,858 units. Material handling equipment sales stood at 3,760 units. Concrete equipment sales reached 3,199 units. Road construction equipment sales were 1,457 units. Material processing equipment sales totaled 628 units.

On a month-on-month basis, sales in June 2024 were 9,363 units. This was a 2% decrease compared to May 2024. However, it was a 5% increase over the 8,889 units sold in June 2023.

Sales Report Table

The sales report table shows a 5% increase in total equipment sales for Q1 FY25 compared to the previous year. It also reveals a 29% decrease in sales quarter-on-quarter from Q4 FY24. Additionally, June 2024 sales were up by 5% compared to June 2023.

Metric	Q1 FY25	Q1 FY24	Change (%)
Total Sales	28,902 units	27,577 units	+5%
Earthmoving Equipment Sales	19,858 units	N/A	N/A
Material Handling Equipment	3,760 units	N/A	N/A
Concrete Equipment Sales	3,199 units	N/A	N/A
Road Construction Equipment	1,457 units	N/A	N/A
Material Processing Equipment	628 units	N/A	N/A
Domestic Sales	26,020 units	N/A	N/A
Export Sales	2,882 units	N/A	N/A
Q1 FY25 vs. Q4 FY24	-29%	N/A	N/A
June 2024 Sales	9,363 units	8,889 units	+5%
June 2024 vs. May 2024	-2%	N/A	N/A