chennai sale of big yellow machines are stuck in first gear at home but their export performance has been in top gear according to a latest report by industry body indian construction equipment manufacturers association icema export of construction equipment increased significantly by 60 in fy22 driven largely by earthmoving equipment which witnessed growth of 69 during the last fiscal with new ceviv emission standards now completely adopted by the industry there are significant opportunities for indian ce manufacturers to tap into developed markets said dimitrov krishnan president icema md volvo ce india total exports stood at 7802 units in fy22 up from 4862 units in fy21in the domestic market the sales have dipped as a result the construction equipment industry has experienced a yearonyear volume degrowth of 8 in fy22 according to the report the earthmoving equipment segment witnessed a 14 decline while road construction equipment sales dropped by 10 during the same year a total of 85385 units of construction equipment were sold in fy22 as compared to 92470 units sold in fy21 domestic sales stood at 77583 units down from 87608 units the year before material handling concrete and material processing equipment segments recorded positive growth in fy22 said the report the ce industry sales in q4fy22 was lower by 24 as compared to the same quarter of the previous year however on quarteronquarter basis ce sales consistently increased during the fy22 with q4fy22 sales being higher by 19 over q3fy22 said v g sakthikumar convener icema industry analysis insights panel md schwing stetter india the first three quarters of fy22 cumulatively remained near flat in terms of sales volume registering a growth of only about 25 as compared to fy21 there has been slow progress in road construction lower budget allocation for airport development and inadequate utilization of funds for real estate and infrastructure leading to lower equipment sales however high speed train and metro rail construction gave momentum for material handling concreting material processing sub segments