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(Construction.IndustryNews247.Com, January 12, 2018 ) 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.
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.
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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
Get a broad understanding of the construction equipment sector in India, the major segments and current state of the sector
Understand major competitors' business, market dynamics, and respond accordingly
Be informed regarding the key areas of opportunity in the construction equipment sector
Make more informed business decisions with the help of insightful recommendations provided to succeed in the construction equipment sector
Get complete access of this report@ http://www.reportsweb.com/construction-equipment-market-in-india-2017
Construction Equipment Market Company Profiling
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.
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