Increase in the Number of Construction Projects Worldwide to Drive Global Market Demand for Compact Loaders
The application of compact loaders in the construction sector is likely to capture a significant market share due to a rapid increase in the number of construction projects in various countries. Growth in the construction industry depends on a number of factors such as GDP growth, investment in real estate and emerging business models such as PPP, M&A activities and various other factors. Agriculture and forestry is the second largest application area of compact loaders during the period of assessment....
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