India Construction Equipment Market Synopsis
India construction equipment market has been witnessing substantial growth during the past few years. The rising population, the influx of foreign direct investment in the country, and rising government spending on infrastructure projects are some of the key growth drivers of the India construction equipment market.
According to 6Wresearch, the India Construction Equipment Market size is likely to witness growth during 2020-to 2026. Growing public and private infrastructure projects, increasing economic development activities as well as increasing government focus on certain key projects such as Housing for all, Smart City, Golden Corridor, and extension of metros, rail and road networks across the country are some of the major factors which would drive the demand for construction equipment in India over the coming years. Surging disposable income coupled with the rising standard of living are driving the Construction Equipment Industry in India. Moreover, increasing modernization and industrialization are also some of the key factors proliferating the development of the market.
Market Analysis by Equipment Types
Based on equipment types, earthmoving equipment including loaders, excavators, and cranes dominates the overall construction equipment market in India primarily due to the rising number of public-private partnerships, government initiatives such as smart city development projects as well as increasing government expenditure on the construction of roads, highways, flyovers, metros, and commercial complexes.
Key Highlights of the Report
- Market Drivers and Restraints
- India Construction Equipment Market Overview on Competitive Benchmarking
- Porter’s Five Forces Analysis
- India Construction Equipment Market Outlook
- Market Opportunity Assessment
- India Construction Equipment Market Share, By Companies
- Market Size & Forecast of India Dump Trucks Market, Until 2026.
- Market Size & Forecast of India Cranes Market, Until 2026.
- Historical data of India Cranes Market for the Period 2016-2019.
- India Construction Equipment Market Overview
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