Indian Construction Equipment Market Heads at 19% CAGR
The Indian construction industry offers ample growth opportunities. Unlike western countries, the Indian market is not saturated and is on the expansion spree. Close to 40,000 construction projects are in the pipeline, reflecting huge demand for construction equipments. The Indian construction equipment market is projected to grow at a cumulative annual growth rate of around 19% during the forecast period 2013-2018. Earthmoving equipments such as backhoe loaders and excavators comprise significant share in the overall construction equipment industry.
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