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(Construction.IndustryNews247.Com, November 01, 2017 ) According to our latest research report, the construction market in India is expected to grow at a CAGR of 13% over the period FY 2015 to FY 2020. Huge investments are being made in all sectors in the infrastructural space, which will ensure rapid growth in the construction equipment market over the next few years.
The construction equipment sector can be broadly classified into five segments, which are earth moving equipment, concrete equipment, material handling equipment, road construction equipment and material processing equipment. A major share of the construction equipment market is occupied by the earth moving construction equipment. The market size of earth moving equipment in FY 2015 was INR 110.1 billion and is expected to grow at a CAGR of 12-15% over the period of FY 2015 to FY 2020.
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Construction Equipment Market in India-Key Growth Factors The market is expected to display immense growth prospects due to the increased number of housing projects in recent years. Increasing government spending on infrastructure development, including roads, metro rails, flyovers and commercial complexes will further benefit the construction equipment market growth over the next few years.
Complete report is available at http://www.reportsweb.com/construction-equipment-market-in-india-2017
Company
Public Companies 1. Action Construction Equipment Ltd. 2. Bharat Earth Movers Ltd. 3. Brady & Morris Engineering Company Ltd. 4. Escorts Ltd. 5. Greaves Cotton Ltd. 6. Gujarat Apollo Industries Ltd. 7. Hercules Hoists Ltd. 8. Mukand Ltd.
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Source: EmailWire.Com
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