Noida, UP India (PressExposure) April 19, 2011 -- India is one of the fastest growing economies in the world, and this status could not be achieved without robust infrastructure development across all the sectors of economy. Be it industrial infrastructure development, or civil infrastructure development, the sector has witnessed continuous growth, benefiting from both private investments and government's plans & policies. Although the industry witnessed a slight slump in FY 2009 due to the global liquidity crunch, our research has revealed that the industry will sustain its positive momentum in coming years and will grow at a CAGR of around 8% during FY 2011- FY 2014.
According to our research report "Booming Construction Equipment Market in India", the industry growth is currently driven by the public sector construction projects. The government has taken some notable initiatives to make its basic infrastructural structure more efficient and world-class. As construction equipments account for 4%-24% of the total construction costs in various sectors, the industry recorded strong revenue growth and a similar trend is anticipated to prevail during the forecast period owing to various supporting factors discussed and analyzed in the report.
The report has also studied the high growth potential of equipments rental industry. Although the construction equipments rental market is at its evolutionary stage, it has managed to witness noticeable growth during the past few years. The sector is expected to transform into a fully fledged industry providing significant opportunities during the next few years.
"Booming Construction Equipment Market in India", is an outcome of thorough research and objective evaluation of the Indian construction equipment industry. It facilitates statistics and analysis of past, present, and projected market trends of all prominent industry segments, including earth moving equipments, material handling equipments, concrete equipments, and road building equipments. The report provides an overview of equipment rental and equipment financing industry developments. Additionally, the report has presented industry forecasts based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents an unbiased market picture that will prove decisive for clients.
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