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(Construction.IndustryNews247.Com, November 16, 2017 ) According to our latest research report, the construction market in India is expected to grow at a CAGR of 13% over the period FY 2015 to FY 2020. Huge investments are being made in all sectors in the infrastructural space, which will ensure rapid growth in the construction equipment market over the next few years.
The construction equipment sector can be broadly classified into five segments, which are earth moving equipment, concrete equipment, material handling equipment, road construction equipment and material processing equipment. A major share of the construction equipment market is occupied by the earth moving construction equipment. The market size of earth moving equipment in FY 2015 was INR 110.1 billion and is expected to grow at a CAGR of 12-15% over the period of FY 2015 to FY 2020.
Backhoe loaders, compaction equipment, crawler excavators, mobile cranes and wheeled loaders are the six major machine types that dominate the construction equipment market in India.
Construction Equipment Market in India-Key Growth Factors The market is expected to display immense growth prospects due to the increased number of housing projects in recent years. Increasing government spending on infrastructure development, including roads, metro rails, flyovers and commercial complexes will further benefit the construction equipment market growth over the next few years.
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Construction Equipment Market in India-Threats and Key Players Project bottlenecks slowdown the execution of projects and prevent the demand for construction equipment from reaching full potential. Challenges such as regulatory issues, environmental concerns and delays in project approval hamper construction projects, and limits sales of construction equipment in India.
Major construction equipment companies operating in India include Caterpillar India Pvt. Ltd., Escorts Ltd., Brady & Morris Engineering Company Ltd., BEML Ltd., and JCB India Pvt. Ltd.
What's covered in the report- Overview of the Construction Equipment Sector in India and past and forecasted construction equipment market size over FY 2010 to FY 2020e Overview of Market Segmentation Based on Equipment Type Product-Wise Segmentation and Market Size Qualitative Analysis of the Major Drivers and Challenges Affecting the Market Analysis of the Competitive Landscape and Detailed Profiles of Major Public and Private Players
Complete report is available at http://www.reportsweb.com/construction-equipment-market-in-india-2017
Company Profile:
Public Companies 1. Action Construction Equipment Ltd. 2. Bharat Earth Movers Ltd. 3. Brady & Morris Engineering Company Ltd. 4. Escorts Ltd. 5. Greaves Cotton Ltd. 6. Gujarat Apollo Industries Ltd. 7. Hercules Hoists Ltd. 8. Mukand Ltd.
Market Influencers Slide 23-24: Market Drivers Slide 25: Market Challenges
Competitive Landscape Slide 26: List of Major Players Slide 27-52: Profiles of Major Players
Recent Developments Slide 53: Key Recent Developments
Appendix Slide 54: Research Methodology
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