DUBLIN--(BUSINESS WIRE)--The "Construction Equipment Market in India (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
Construction equipment includes all kinds of machines, derricks, hoists, material handling equipment, platforms, runways, safeguards, protective devices, cranes, and equipment used for other constructions.
Owing to a surge in investments in the infrastructure sector, and growth of the real estate sector, the construction equipment market in India is expected to expand at a compound annual growth rate (CAGR) of ~7% till 2023, up from its 2017 value of INR 210 Bn.
Insights on Segments based on Equipment Category
Based on the category of equipment, the market is segmented into earth moving equipment, concrete equipment, material handling equipment, road construction equipment, and material processing equipment.
Clearance of mining and construction (road building and real estate) projects in recent years have led the earth moving segment to occupy a major share of the construction equipment market, followed by concrete equipment, and material handling equipment.
Insights on Segments based on Equipment Type
Backhoe loaders, crawler excavators, mobile compressors, mobile cranes, compaction equipment, wheeled loaders, and crawler dozers are the most common construction equipment used in India. Among these, backhoe loaders had the highest market share in 2018, mainly due to its versatile applications.
Market Trends
The Ministry of Road Transport and Highways has implemented its Value Engineering Program', which directs constructors to use innovative technologies, materials, and equipment that can reduce the overall project cost and adverse effect on the environment.
Market Drivers
The Indian government has recently invested in the infrastructure sector. Substantial investment in the development of infrastructure in India is supposed to increase the demand for different kinds of construction equipment.
The real estate market in India is expected to expand at a CAGR of ~11.54%, to reach a value of ~INR 12,0104.2 Bn by 2020, from ~INR 7004.34 Bn in 2015. The demand for construction equipment is increasing considerably in India due to the growth of the real estate market.
Market Challenges
Stringent regulations, along with increasing environmental concerns delay approvals for real estate projects in India. This, in turn, increases the overall budget of projects while slowing down the processes. Heavy equipment is rented and lie unused for months. As a result, in India, the revenue of the construction equipment market is limited.
The secondary market for used construction equipment is yet to develop. This prevents the resale of equipment, which in turn reduces the overall revenue of the secondary construction equipment market.
Topics Covered
1. Executive summary
2. Socio-economic indicators
3. Introduction
3.1. Construction equipment market in India - definition and structure
3.2. Construction equipment market in India - evolution
3.3. Construction equipment market in India - key manufacturing hubs
4. Construction equipment market in India
4.1. Market overview
4.2. Market size and growth forecast - value-wise (2018-2023e)
4.3. Market size and growth forecast - volume-wise (2018-2023e)
5. India construction equipment market - segmentation
5.1. Based on category of equipment (2018)
5.1.1. Material processing equipment
5.1.2. Material handling equipment
5.1.3. Concrete equipment
5.1.4. Earth moving equipment
5.1.5. Road construction equipment
5.2. Based on type of equipment (2018)
5.2.1. Backhoe loaders
5.2.2. Crawler excavators
5.2.3. Mobile cranes
5.2.4. Mobile compressors
5.2.5. Compaction equipment
5.2.6. Wheeled loaders
5.2.7. Crawler dozers
6. Construction equipment market in India - segments' overview based on category
6.1. Material processing equipment
6.2. Material handling equipment
6.3. Concrete equipment
6.4. Earth moving equipment
6.5. Road construction equipment
7. Trade analysis
7.1. Export of construction equipment
7.2. Import of construction equipment
8. Key growth drivers of the market
9. Key deterrents to the growth of the market
10. Competitive landscape
10.1. Action Construction Equipment Ltd.
10.1.1. Corporate information
10.1.2. Business description
10.1.3. Products and services
10.1.4. Key people
10.1.5. Financial snapshot (total income, net profit/loss)
10.1.6. Key ratios
10.1.7. Key financial performance indicators
10.1.8. Business segments, geographical segments
10.2. Bharat Earth Movers Ltd.
10.3. Escorts Ltd.
10.4. Gujarat Apollo Industries Ltd.
10.5. Hercules Hoists Ltd.
10.6. JCB India Pvt. Ltd.
10.7. L&T Construction & Mining Machinery
10.8. Triton Valves Ltd.
10.9. Universal Construction Machinery and Equipment
10.10. Volvo Construction Equipment India
For more information about this report visit https://www.researchandmarkets.com/research/hntcct/the_construction?w=4
