Construction Equipment Market In India

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Construction Equipment Market in India
https//www.dcequipment.in/ jitender_at_dcequipment.i
n 918696962600
A Report By Dulichand Construction Equipment Pvt
Ltd.
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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.

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• 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.

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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.

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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.

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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.

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