India Construction Equipment Market is segmented by category (Earth Moving, Material Handling, Concrete Mixing and Others), by product (Backhoe Loaders, Hydraulic Excavators, Pick & Carry Cranes and Others) and by region (North India, South India, West India and East India) is projected to reach US$ 5.73 by 2026 at a CAGR of 7.02 % during the Forecast period.
Robust economic development, infrastructure growth, growing OEM presence and higher FDI in construction are factors driving the India construction equipment market. India’s 12th Five Year Plan is targeting 11 % growth for the construction sector up from 7.8 % in the previous plan. Infrastructure investment of INR 45 trillion under the 12th plan will drive higher demand for construction equipment. India offers high potential as an OEM hub due to its lower costs and the availability of skilled labour. Ten new equipment manufacturers are expected to establish bases in 2018. Increased construction activities create favourable conditions for FDI in the equipment sector.
Insufficiency of land for infrastructure development hinders growth of Indian construction equipment market.
Regulatory and environmental concerns and delays in project approval hinder construction projects and limits sales of construction equipment in India. Hike in oil prices increase other input costs, such as fuel, which erodes profits of end users and reduces demand for equipment.
East India to emerge as most lucrative segment in the India construction equipment market.
East India to emerge as most lucrative segment in the India construction equipment market. India’s economic growth continues to expand into less developed states such as Orissa, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
This report includes a study of marketing and development strategies, along with the Vehical portfolios of leading companies. It includes the profiles of leading manufacturers such as JCB India Limited, Action Construction Equipment Limited, BEML Limited, L&T Construction Equipment Limited, Greaves Cotton Limited, McNally Sayaji Engineering Company Limited, Kobelco construction Equipment India Pvt. Ltd, Apollo Infratech Pvt. Ltd, Putzmeister Concrete Machines Pvt. Ltd and Mahindra Construction Co. Ltd.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the India construction equipment market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India construction equipment market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India construction equipment market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Construction Equipment Market”.
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