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Concreting Equipment: Industry on the Verge of Rapid Growth Phase

Concreting Equipment: Industry on the Verge of Rapid Growth Phase

In the aftermath of the general elections and a stable government at the center, there is a sense of buoyancy in the concreting equipment market segment. It is not surprising as just like in the case with other types of construction equipment, concreting equipment market segment has been having a good run in the recent few years. While there is no doubting the fact that concreting equipment have now made deep inroads, even into the hinterlands of India, the country still offers a large market, that is yet to be tapped. The encouraging trends could be seen from the turn of the decade. The demand for ready mix concrete (RMC) is now gradually growing. This is a heartening trend since the time when the penetration levels of RMC were very low. Infrastructure projects have yet again received fillip from the government and expected to pick up real speed in the immediate future. There has also been signs of the housing sector too growing at a healthy rate. All these positive signals indicate a period of speedy growth for the concreting equipment market segment.

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