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Construction equipment makers launching new products to ride demand wave

A rapid pick up in the pace of road construction projects has boded well for the construction equipment market which went through a rough patch in 2015. In 2017-18

Construction equipment makers launching new products to ride demand wave
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Shally Seth Mohile Mumbai
Fuelled by the demand in the road infrastructure, mining and irrigation projects, construction equipment makers in India are operating at peak capacities, first time in several years. Encouraged by a robust demand in an industry that is expected to expand at a compounded annual rate of 10 per cent till 2022, the manufacturers of such equipment plan to add new products to their line-up in a bid to make the most of an uptrend in the demand cycle. While most companies are expecting a good growth over the next three years, they cautioned, growth may slow down after the general

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First Published: Jun 28 2018 | 11:17 PM IST

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