India concrete mixer market is expected to grow at a steady CAGR for the forecast period, FY2023-FY2027. India boasts of one of the largest populated country in the world and continuous increase in population is creating the need to build residential and commercial spaces. Rising disposable income among the middle-class families is aiding to increase the expenditure capacity of the potential consumers. Migration of residents from rural to urban areas in search of better job opportunities and to adopt high living standards is expected to foster the demand for concrete mixer market in the region. Strong economic growth and the rise in GDP is aiding to support the construction activities market in the region. Increase in demand for huge quantities of concrete due to surge in applications of construction of concrete roads, canals, airports, dams, power plants, harbors and the other large scale upcoming construction activities are expected to fuel the demand for concrete mixer market. Concrete is the most used material used for construction purposes. Cities are developing at a high rate and the residents require affordable and good houses for comfortable living in cities which is expected to provide opportunity for the growth of the local economy. India has a huge population which is economically weak and requires the financial assistance to build homes and other commercial spaces. Government and the leading authorities are launching initiatives to support the weaker section of society such as, “Housing for all initiative” which is expected to provide affordable houses to people by 2022.
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