New Delhi, May 9 -- India's construction equipment industry recorded a marginal 2 percent decline in total sales in FY 2025-26 as slower infrastructure execution weighed on domestic demand, according to the latest report by the Indian Construction Equipment Manufacturers' Association (ICEMA).

Total equipment sales declined to 1,36,995 units in FY26 from 1,40,191 units in FY25. Domestic demand fell nearly 7 percent across most categories, while exports surged 32 percent, reaching record levels.

India remains the world's third-largest construction equipment market, valued at USD 10 billion in FY25 and projected to reach USD 14.76 billion by 2030.

Domestic Demand Slips Amid Project Delays

ICEMA President Deepak Shetty said the slowdown r...