Indian Construction Equipment Market Views ~7% CAGR by 2023
The recent infrastructure sector investments by the Indian government have encouraged India construction equipment market growth. The considerable development in the infrastructure sector is likely to boost demand and research for advanced construction equipment solutions. Right from machines, cranes, protective devices, safeguards, runways, platforms, material handling equipment to hoists, and derricks, the construction equipment market segments are expected to observe considerable growth in the upcoming future. India construction equipment market 2023 looks a better developed as it expands at a compound annual growth rate of ~7% from 2017. This will make the market value of the Indian construction equipment market around INR 210 billion. Insights on segments based on the equipment category The construction equipment market involves various categories segmented into earthmoving, material handling equipment, material processing equipment, road construction equipment,...