Describe your purchase requirement in detail
Infrastructure is a life breadth of
any nation as it provides strong base for the growth of others sectors
of an economy. Infrastructure includes roads, railways, bridges,
highways, airports, shipping ports, canals, dams, commercial and
corporate buildings etc. For building huge infrastructures, machineries
both heavy and light is necessary. Machineries like cranes, loaders,
dumpers, excavators, mixers, crushers, etc. are serving the purpose very
well.
Trends
As per survey in 2005 construction machinery has shown a growing
trend. According to world survey global demand of construction machinery
is expected to rise by 4.9% annually through 2009 with the market
capitalization of around $110 billion. The number of people employed by
this sector also shows an encouraging trend. The world economy has shown
the robust growth of 3% in the year 2005-2006 thereby pushing the demand
of construction machineries across the world for creating big
infrastructures.
The chief suppliers of construction machineries in the world are North
America, Japan and western Europe. With the expansion of world economy
the demand of these machineries from developing world is increasing.
Prospects
The prospects attached with the industry of construction machineries
has attracted the attention of Indian manufacturers and exporters. In
recent years Indian producers of both heavy and light machines has
performed very well both in the domestic and the world market. The
reforms of the government and the trade pact with the neighboring
countries has also contributed to the growth of Indian construction
machinery industry to a larger extent.
