Construction Equipment Market in India Analysed in New Report by Gyan Research and Analytics Available at MarketPublishers.com17 Jul 2012 • by Natalie Aster
LONDON – The construction sector in India witnessed exceptional growth in the last decade, fuelled by unprecedented infrastructure development. The increasing significance of this sector in the country’s overall economic progress was evidenced during the implementation of the Eleventh Five Year Plan. The contribution of the construction sector to the country’s GDP has consistently been over 8 percent in the last five years. In FY2012, it further increased to 9.6 percent of the GDP.
The Indian construction equipment market was estimated at USD 4 billion in 2011. Riding on the favourable economic environment, the industry is expected to reach USD 10 billion by 2016, growing at 20 percent annually. The demand for equipment is projected to expand to over 91,000 units in 2016 from around 50,000 units in 2011.
New study "Indian Construction Equipment Market - 2012" developed by Gyan Research and Analytics has been recently published by Market Publishers Ltd.
Indian Construction Equipment Market - 2012
Published: July, 2012
Price: US$ 700,00
The report offers key understanding of the construction industry and construction equipment sector in India. It covers global and Indian perspectives of the construction equipment market, analyses the complete structure and market segmentation of the industry and offers forecast of the industry for the next five years.
More new market research reports by the publisher can be found at Gyan Research and Analytics page.