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DUBLIN , May 26, 2022 /PRNewswire/ -- The "India Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
India construction equipment market is is expected to grow 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.
The earthmoving segment is the largest in the Indian construction industry, followed by material handling and road construction equipment. Excavators and Backhoe loaders were the fast-growing major construction equipment in the market in 2021.
The demand for excavators and backhoe loaders will rise due to various government investments in infrastructure development, growth in renewable energy and the country's mining industries.
JCB is the leading manufacturer of Backhoe loaders in India . ACE is India's leading material handling and construction equipment manufacturing company with a majority market share in hydraulic cranes, mobile cranes and tower cranes segment.
KEY HIGHLIGHTS IN THE REPORT
Key Topics Covered: Section 1 - Introduction
Section 2 - the Market Overview
Section 3 - India Construction Equipment (Type & Application)
Section 9 - Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/1cxzg0
Research and Markets Laura Wood , Senior Manager [email protected]
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