MAY 20234Facilitating Infrastructure Development 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-to-end manner, these companies have stood out from the crowd. We look forward to receiving your feedback and suggestions. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 2 · Issue 10 - 3 · MAY, 2023Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorIndranil ChakrabortyAssistant Editor Heena KousarEditorial Team Design ManagerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer Varun BAruna Kumari KAdvertising QueriesShubham Roy Hitesh MorayGM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Janifha Evangeline Samrat Pradhan Hridkamal RoyP. Tejaswini
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