Backed by strong fundamentals and brighter economic prospects, tippers are at the forefront of driving buyers to choose smart, value-oriented products, gradually dumping out the traditional cost-conscious buying patterns.
Physical infrastructures and energy forms provide the underpinnings for our contemporary societies. Roads, highways, bridges, railway lines, building construction, and other infrastructural developments are predominately taking up the lives and blood of mankind, while power generation and quest for a variety of energy sources bear out a majority of revenue-generating economic activities taking place across the globe.
In emerging countries like India, growing road construction, infrastructural development projects, establishment of newer coal mines and mineral quarries, and civil construction activities are of tremendous importance to the growth and consolidation of allied industries, including that of construction equipment and commercial vehicles. In the CV industry, in particular, the demand for tipper trucks is directly proportional to infra development activities, as they are the prime movers in material transportation, construction and mining sectors.
In 2018, the Indian CV market is on a bullish spree, with analysts predicting that the market will reach its pinnacle this year in terms of volume sales, with double-digit growth likely. An excellent growth trajectory has also been set for the upcoming year as well. Construction sector is perhaps the biggest growth driver, accounting for over 70 per cent of sales.
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