India Construction Equipment Market is Booming with a CAGR of 8.40% During 2024-2032
India Construction Equipment Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 8.40 % (2024-2032) India construction equipment market is growing rapidly, driven by infrastructure projects and urbanization demand. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 8.40% during 2024-2032 . India Construction Equipment Market Trends and Drivers: India's construction equipment market is experiencing robust growth, primarily driven by rapid urbanization and a surge in infrastructure development projects. Government initiatives and increased infrastructure spending are expanding the construction sector, thereby boosting demand for construction equipment. The growing migration to urban areas is also fueling the need for residential and commercial establishments, further propelling market growth. Additionally, the market benefits from increased repair and refurbishment activitie