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$5.13 Bn Opportunity!
Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.
On revival Path
In spite of the current slowdown, tyre market for off-highway applications is going to revive in the coming years due to an anticipated pick up in infrastructure developments in future.
Underground Challengers
Every underground excavation poses a unique set of challenges. Technically superior and sometimes application-specific, underground excavation equipment challenge the challenges.
On a recovery mode
The construction equipment industry is experiencing a slump due to the slowdown in the mining industry as well as delays in infrastructure projects and governmental clearances, shortage of funds, environmental concerns. ÆßÃõ¼º½ interacts with some of the major players to get the pulse of the industry.