The construction machinery and equipment market in India is estimated to grow rapidly over the next five years. The market is driven by the growing demand for infrastructure development, urbanization, and industrialization. The Indian government has launched several schemes to develop the urban infrastructure. Additionally, the government's focus on the development of the rural infrastructure has also led to the growth of the market. The application segment includes construction, mining, and others. The construction segment is expected to dominate the market due to the government's focus on infrastructure development. The mining segment is also expected to grow during the forecast period due to the growing demand for minerals and metals.
The market is dominated by both international and domestic players. The domestic companies have been focusing on increasing their market share by launching new products and expanding their distribution channels. The market is also witnessing a trend towards automation and digitization. Several companies are developing advanced technologies such as sensors, telematics, and artificial intelligence to increase the efficiency and productivity of their equipment. In future, the construction machinery and equipment market in India is expected to grow due to the government's focus on infrastructure development and the growing demand for urbanization and industrialization. Dominated by both international and domestic players, automation and digitization are expected to play a major role in the growth of the market.
In this issue, we acquaint you with the top companies in this domain. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top 10 companies that have excelled in this field with their meticulous approach. Having proven their dedication in order to meet the customer expectations in an end-toend manner, these companies have stood out from the crowd.
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