About ICEMA
Constituted in 1949 as Tractor & Allied Equipment manufacturers and Importers Association Ltd., the association started with 10 Indian member companies, primarily manufacturers and importers of tractors, earthmoving and allied equipment. It was rechristened as Indian Earthmoving & Construction Industry Association Ltd. (IECIAL) in 1986 with the objective to make the body a national point of reference for the Indian earthmoving & construction equipment industry. The association was renamed as Indian Construction Equipment Manufacturers Association (ICEMA) in 2012 with the objective to make the association a truly representative body of the Indian construction equipment industry and to expand its scope of services.
Indian Construction Equipment Industry
ICEMA represents 69 leading companies who manufacture, trade and finance a variety of products such as hydraulic excavators, wheel loaders, backhoe loaders, motor graders, vibratory compactors, cranes, dumpers, tippers, forklifts trucks, dozers, pavers, batching plants, diesel engines, etc. During the last two decades, the earthmoving and construction equipment industry has made enormous progress and grown both in size and diversity. Growth in the construction equipment industry in India is linked to the overall level of infrastructure development as well as growth in construction activity.
The Indian ECE industry employs 35 million people (directly or indirectly) and contributes in a major way to the employability and entrepreneurship in the country. The industry is strong partner to build India considering the strong infrastructure push provided by the Government of India along with its other flagship programs like Clean India (Swatch Bharat) and Smart cities. The “Make in India” program will also receive a huge boost with a host of global OEMs setting up their manufacturing facilities and distribution network in India.
Growth Trends and Outlook
The Indian ECE industry is poised to grow at a rapid pace largely due to present government’s priorities in investments in infrastructure and urbanization.
The industry has the potential to grow at 18 percent CAGR to reach USD 7.5 billion by 2020 with expected sales volume to increase from over 48,000 units in 2014 to around 1,00,000 + units in 2020.