The increasing smart city projects and growing government initiatives regarding the provision of residence to the middle and lower economic class population, as well as the requirement to improve transportation facilities to drive the country's trade avenues, are expected to present the construction dumper market with strong growth prospects during the forecast period.
For example, according to a white paper published by Government Technology titled "Evolution of Smart Cities and Connected Communities," which was co-sponsored by the United Parcel Service (UPS) and the Consumer Technology Association, the development of smart city projects in India is close to 600 and around 285 similar projects in China. Thus, during the forecast period, smart city projects drive demand for the construction dumper market.
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