MRO Magazine

Research and Markets: India Construction Equipment Market (2015-2021) – Projected to Reach 131 Thousand Units by 2022


January 7, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/2xklgb/india) has announced the addition of the “India Construction Equipment Market (2015-2021)” report to their offering.

Growing public & private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge of construction equipment market in India.

In comparison with the procurement market of construction equipment, the rental market in India is at nascent stage but shows a higher growth rate. Compared to other developed countries, India’s rental market penetration of the construction equipment is lower and is limited to Tier-I & II cities.

Construction equipment for the procurement market is mostly dominated by the construction vehicle segment which is comprised of dumper, tanker and tipper trucks, followed by earth-moving equipment segment such as excavators and loaders.

The market declined between 2012 to 2014, owing to factors such as delay in project clearance issues and land acquisition delays. However, in the coming years, owing to several construction projects in pipeline, the market for construction equipment is expected to witness growth led by a surge in the construction vehicle segment, followed by the earth-moving segment.

The report thoroughly covers the construction equipment market by types, verticals and regions. The report provides detailed analysis of the on-going trends, market drivers and competitive landscape.

Companies Mentioned:

  • Action Construction Equipment Ltd
  • BEML Ltd
  • Caterpillar Inc.
  • Escort Group
  • JCB Ltd
  • Komatsu Ltd.
  • L&T
  • Tata Hitachi Construction Machinery
  • Tata Motors Ltd
  • Terex Corporation
  • Voltas Ltd
  • Volvo AB

For more information visit http://www.researchandmarkets.com/research/2xklgb/india

Research and Markets
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