TELESCOPIC BOOM LIFT MARKET ANALYSIS
The global telescopic boom lift market is driven by growing demand for construction across the region especially in Asia Pacific. The government is investing in the development of infrastructure as well as private sector for investing in mega constructions is driving the global telescopic boom lifts market growth. The telescopic boom lifts are widely used in road construction, mining operations, airports, ports construction, and others. According to India Brand Equity Foundation (IBEF), in 2016, construction equipment industry revenue in India was US$ 3billion. Whereas, volume sale of construction equipment is growing by 96,730 units in 2018 from 76,000 units in 2016.
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