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2017 global construction machinery industry operating profile analysis6 Feb 26, 2018


Driven by such factors as strong economic growth, stimulating reform measures and sustained growth of domestic demand since 2015, the domestic environment in India has been improved and the construction machinery market has continued to grow. In 2016, the market scale of construction machinery in India increased by 1.4% from the same period of last year to USD7.81 billion, and it is estimated that 2017 will continue to grow 2.3% from the same period of last year to USD7.98 billion. Compared with Russia, Brazil and other emerging markets, the Indian market is not large volume, low base dividend will still play a role, India's construction machinery market will accelerate the growth of the market is expected to 2018-2022 the average annual growth rate of the market size will Reached 4.2%.

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