Construction Equipment Market in India 2010
The construction equipment market in India is pegged at INR 169.8 bn in 2009 and is growing at a CAGR of 22%. Rapid infrastructure development along with investment planned by government of India will drive the market in India.
The report begins with an introduction to the construction market in India, which is considered to have a direct link with the development of construction equipment market, indicating investment planned for infrastructure development and India’s share of construction equipment globally. It provides an overview of the construction equipment market in India indicating its market size and growth as well as the market segmentation. It also explains the construction equipment renting and financing markets indicating their market size and growth.
An analysis of drivers explain factors contributing to the growth of construction equipment market including increasing investment in infrastructure, export opportunity, growing presence of OEM in India and emerging business opportunities. Key challenge identified is import from low cost countries.
It further explains the different sectors where construction equipment is required which includes investment planned by 11th five year plan and share of investment used for construction equipment. Indicated sectors are power, road, railways, irrigation, port, airport and real estate.
Competition section provides brief profiles of major domestic and foreign players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.Market Analysis
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