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Construction Equipment Market In India

Market of construction equipment is growing day by day and is expected to grow further at a CAGR of 8.9% during 2022-2028. In this presentation we are going to discuss the report in details.

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Construction Equipment Market In India

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  1. Construction Equipment Market in India https://www.dcequipment.in/ jitender@dcequipment.in +918696962600 A Report By Dulichand Construction Equipment Pvt Ltd.

  2. Market Report Market of construction equipment is growing day by day and is expected to grow further at a CAGR of 8.9% during 2022-2028. The report considers the present scenario of the Indian construction equipment market and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Indian construction equipment market.

  3. In the Indian construction industry the earthmoving segment is the largest one, along with road construction & material handling equipment. The fast-growing major construction equipment in the market in 2021 was Excavators and Backhoe loaders. Since there are various government investments rising day by day in infrastructure development, the demand of excavators and Backhoe loaders is also rising, also growth in renewable energy and the country's mining industries.

  4. Key Highlights Of The Report • The largest market for Backhoe loaders in the world is India. The equipment is highly flexible, cheaper, and can operate on muddy and uneven surfaces, making it extremely popular in the Indian construction market. • The infrastructure investment in 2021 and the national infrastructure development plan drive the construction industry growth. The government's focus on renewable energy resources for power generation will attract significant FDI inflows in 2021.

  5. Key Highlights Of The Report • The surge in commodities prices and rise in demand for coal and iron ore in the market supports the country's mining industry growth. And government initiatives of make in India & Amtanirbar Bharat encourage the development of manufacturing sectors. • Various civil engineering works and smart city projects prompt demand for mini excavators in the market. The real estate and affordable housing projects support the demand for large towers and fixed cranes in the Indian market.

  6. Key Challenges Limited land banks: Scarcity of land for infrastructure development hinders growth of Indian construction equipment market. Project bottlenecks: Regulatory issues, environmental concerns and delays in project approval hampers construction projects and limits sales of construction equipment in India. Rising crude prices: Rising oil prices increase other input costs, such as fuel, which erodes profits of end users and reduces demand for equipment. Higher steel prices: Rising cost of steel weakens profits and significantly hinders market growth.

  7. Thank You

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