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Construction : Web Exclusive | April 2018 | Source : Equipment India

Indian CE market to grow at 6.8 per cent CAGR

According to a ResearchAndMarkets.com report, the construction equipment market in India is to grow at a CAGR of 6.8 per cent during FY2018-24, on account of the country’s expanding construction industry. Moreover, rapid urbanisation, increasing foreign investments and surging demand for customised equipment are few of the other major factors expected to boost demand for construction equipment in India in the coming years. Increasing number of public-private partnerships and government initiatives such as smart city development projects would also aid the construction equipment market in India during the forecast period
 
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