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

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