![Loading Galore](https://magarticles.magzter.com/articles/11942/371060/5d797e89acab5/Loading-Galore.jpg)
The construction equipment sector in India is growing at a faster pace, driven by the huge investments being made by the government and the private sector in infrastructure development. In fact, the overall Indian construction equipment market is expected to grow by a CAGR of 6.2% backed by infrastructure spending estimated to be about 10% of GDP during the current five year plan.
At present, the construction equipment sector is mainly dominated by backhoe loaders (more than 40% of total demand) but broad-based growth is expected across products, with each segment expected to see growth. Particularly, the demand for backhoe loaders is expected to grow as it is a versatile machine and can be employed for numerous applications at the job site. The BHL industry in past two years has grown consecutively over 20% year-on-year basis.
Manish Handa, business head (EED vertical), Action Construction Equipment (ACE), says, “India is going through a turnaround phase of its infrastructure development and backhoe loaders, the machine which is known for its versatility, always takes centre stage. The affordable housing, smart city and road development in rural areas will together play a stellar role in increasing the demand for construction equipment, especially backhoes.” According to Handa, the major sectors driving this growth are:
Urban Infrastructure such as metro projects across various Tier-I & Tier-II cities, freight corridors, airport expansion & modernisation, Clean India and smart city projects across the country
Infrastructure development including road sector development along (Bharatmala Project) with flyovers & bridge construction across the country
Refinery expansion
Affordable housing projects under PMAY
(Pradhan Mantri Awas Yojna).
Bu hikaye Construction Week dergisinin September 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Construction Week dergisinin September 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
![TRIUMPH AT R+T ASIA 2024: CELEBRATING RECORD-BREAKING INTERNATIONAL ATTENDANCE](https://reseuro.magzter.com/100x125/articles/11942/1755970/3sQBSjiVA1721912025500/TRIUMPH-AT-RT-ASIA-2024-CELEBRATING-RECORDBREAKING-INTERNATIONAL-ATTENDANCE.jpg)
TRIUMPH AT R+T ASIA 2024: CELEBRATING RECORD-BREAKING INTERNATIONAL ATTENDANCE
The 19th edition of R+T Asia concluded with a heightened international involvement, making an impact on the sector and ushering in a new chapter for the R+T Asia trade show in an international format.
![CRYSTAL CLEAR](https://reseuro.magzter.com/100x125/articles/11942/1755970/n_bkp296N1721911283140/CRYSTAL-CLEAR.jpg)
CRYSTAL CLEAR
From smart loT technologies to sustainable manufacturing, doors and windows are becoming increasingly transparent
![LEVELLING THE FIELD](https://reseuro.magzter.com/100x125/articles/11942/1755970/FDzzspBbo1721910732235/LEVELLING-THE-FIELD.jpg)
LEVELLING THE FIELD
The demand for motorgraders is often linked to infrastructure projects. Government initiatives and investments in infrastructure play a crucial role in driving the market
![SMOOTH OPERATORS](https://reseuro.magzter.com/100x125/articles/11942/1755970/XPzYqlYNt1721910175169/SMOOTH-OPERATORS.jpg)
SMOOTH OPERATORS
The future is bright for excavators as infra projects continue its run
![A HEART OF CARE](https://reseuro.magzter.com/100x125/articles/11942/1755970/ZHhwfzFMH1721909511049/A-HEART-OF-CARE.jpg)
A HEART OF CARE
Rishi Jain, MD, Jain Group, believes that real estate is a business of feelings and dreams and not mere bricks and mortar. Exceptional care towards the customer Is the only sustainable way to remain relevant in this business
![GOLDEN GROWTH FUND'S LUXURY HOUSING PROJECT](https://reseuro.magzter.com/100x125/articles/11942/1755970/NOc6iN8l81721909036918/GOLDEN-GROWTH-FUNDS-LUXURY-HOUSING-PROJECT.jpg)
GOLDEN GROWTH FUND'S LUXURY HOUSING PROJECT
GGF plans to develop and sell the luxury units through this project
![NMDC'S RS 50 CRORE R&D FACILITY IN HYDERABAD](https://reseuro.magzter.com/100x125/articles/11942/1755970/qAk_OndZ01721908968687/NMDCS-RS-50-CRORE-RD-FACILITY-IN-HYDERABAD.jpg)
NMDC'S RS 50 CRORE R&D FACILITY IN HYDERABAD
Invested Rs 150 crores in the past 5 years towards R&D
![FORTUNE HOTELS EXPANDS GOA PRESENCE](https://reseuro.magzter.com/100x125/articles/11942/1755970/PRES9qiwh1721908893496/FORTUNE-HOTELS-EXPANDS-GOA-PRESENCE.jpg)
FORTUNE HOTELS EXPANDS GOA PRESENCE
Most rooms peep into spectacular views
![RUSTOMJEE GROUP'S RUSTOMJEE 180 BAYVIEW](https://reseuro.magzter.com/100x125/articles/11942/1755970/RBiI2mBAu1721908848176/RUSTOMJEE-GROUPS-RUSTOMJEE-180-BAYVIEW.jpg)
RUSTOMJEE GROUP'S RUSTOMJEE 180 BAYVIEW
Marks entry of company in Matunga
![BRIGADE GROUP TO CONSTRUCT THIRD WTC TOWER](https://reseuro.magzter.com/100x125/articles/11942/1755970/RecYt0IHo1721908311798/BRIGADE-GROUP-TO-CONSTRUCT-THIRD-WTC-TOWER.jpg)
BRIGADE GROUP TO CONSTRUCT THIRD WTC TOWER
The new tower will be 16 storeys high