Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Outlook of Global Heavy Engineering Sector

By Keshav Dussal Subscribe to RSS | March 24th 2012 | Views:
loading
 
  



The Engineering market is one of the largest emerging markets in the global Engineering industrial sector. The sector accounts for 12% of the GDP and provides direct employment to more than 5 million people. It produces machinery and capital goods for various industries as well as components and parts. It is out of order into heavy engineering and light engineering. Wide variety of production processes like casting, forging, welding, pressing, stamping etc. are used in the sector. It is also one of the leading sectors of exports.

In the recent past, many engineering MNCs have set up business in India taking advantage of the huge pool of skilled labor in the country. It is assorted with different number of segments which are categorized into two types respectively, Heavy engineering and light engineering. The competence requirements are high but it is highly disjointed at lower level and is conquered with small players. In developing countries manufactures a wide range of products, with heavy engineering goods by using mass production system. Most of the leading players are always try to engage in the production of high value products by using high technology in Heavy Engineering industrial sector. High investment capital is one of the major entry barriers in this particular set of business area. As a result unorganized small firms have a tiny market existence.

On the other hand the light engineering industry market is occupied with low end technology. Barriers are less as compared to heavy engineering in case of capital as well as technology. This segment is cover by small and unorganized players with less value products. If we look towards the global development in various countries, the engineering sector in world has been growing on the reverse of expansion in the user industries and several new projects being undertaken in various core industries such as railways, power, infrastructure, etc. Capacity creation in sectors such as infrastructure, oil & gas, power, mining, automobiles, auto components, steel, refinery, consumer durables, etc, is driving growth of the engineering industry.

The heavy engineering sector shows two types segment one is capital goods or machinery segment and second one is equipment segment. The capital goods market cover up by power generation, transmission and distribution equipments such as generators and motors, transformers and switchgears. Non capital goods or machinery includes machines or equipments used in various sectors such as material handling equipments boilers. The industry has also managed to successfully develop advanced manufacturing technology over the years. India is one of the major exporters of heavy and light engineering goods, producing a wide range of items. The bulk of capital goods required for power projects, fertilizer, cement, steel and petrochemical plants and mining equipment are made in India.

Almost all players are always expect demand in this sector to remain healthy primarily on the account of all country government constantly trust on infrastructure development. The continuous enlargement of the mechanized sector and encouraging regulatory policies would make available further boost up to the sector’s growth. Every year every government allot near about 60% to 70% amount to infrastructure sector. This result shows the every year fresh and bulky investment for this particular sector.

Now days the developing countries are showing a positive results in case of engineering sector. The major contribution have made in the world development which reflects future overall outlook and growth of engineering industry sector.

Keshav Dussal - About Author:
Keshav Dussal is the author of this article. He has been demonstrating his writing skills by writing the articles for B2B marketplace reports from last two years. He also has a keen interest in writing stuff for Company profile related topics. He has written various articles on

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/outlook-of-global-heavy-engineering-sector.htm

Related Business Articles Subscribe to RSS

The market is flooded with varieties of eye glasses
Published by Tom Hag on January 5th 2012 | Business
Looking for something which will revamp your style? Then you should check out designer eyeglasses in...
 
As the UKs leading surfacing business playground markings are a doddle for Riggotts
Published by Mary Porter on June 15th 2012 | Business
Whether you commission Riggotts to complete a playground markings project or all manner of sports co...
 
Could using Commercial Catering Equipment be the right choice for your business?
Published by Mary Porter on July 19th 2012 | Business
We’ve been providing commercial catering equipment for more than20 years, and this means we unders...
 
Strategies for small business marketing
Published by Marketingspace on July 12th 2012 | Business
What do you understand by the term small business corporation? Generally the most common answer to t...
 
Web promotion through online business directories
Published by Bizy Globe on December 1st 2011 | Business
BizyGlobe, is a business directories which can give you information about any type of business or bu...
 
Having free classifieds websites to promote the business
Published by Ashish Pandey on March 22nd 2012 | Business
The free classifieds are the ones which can become one of the effective ways to promote a business, ...
 
Promotional products that will work wonders for your business
Published by Drothy on July 21st 2012 | Business
Are you looking for the right kind of advertisement for your business? Then the one stop solution fo...
 
Business News in Hindi- Making business easier
Published by Poojarajput on June 1st 2012 | Business
Every individual today, is keen on knowing what is happening around them and across the globe. It ha...
 
Yuba City self storage: Founding resource in self storage business
Published by Bestchoice on November 30th 2011 | Business
Yuba City self storage amenities offer services to business enterprise and to domestic customers as ...
 
Growth of the business depends upon the technology it adopts
Published by Oaktan Solution on April 18th 2012 | Business
Business Intelligence basically has various applications and also the technologies which are respons...
 
Importance of document legalization for smooth business transaction abroad
Published by Petesampras on November 25th 2011 | Business
Document legalization is mandatory for a range of documents like power of attorney, articles of inco...
 
Business Law gives smooth flow to every business
Published by Wills Loren on March 7th 2012 | Business
feedbackhere.com: We provide Law services most event planners have something directly to them, in ma...
 
The reason why a business needs an online mortgage loan processor
Published by Amitaabh Saboo on December 1st 2011 | Business
The housing market is one that has a lot of competition, and therefore, a small or medium sized comp...
 
Stay away from the Alliance Group Scam comments made by unethical business opponents
Published by James Blee on December 27th 2011 | Business
The Alliance Group Inc is actually a major organization that makes a speciality of customizing its c...
 
Three valuable guidelines for flower business
Published by Loo821ql on January 10th 2012 | Business
Do you love seeing flowers in a well and beautifully arranged manner?...
 
Are you looking for Spray Booths for Sale for your business?
Published by Mary Porter on June 20th 2012 | Business
Spray booths are a useful tool for many firms in a range of different sectors, and there are a numbe...
 
Outsource your business to get more profit
Published by Diego Hall on April 3rd 2012 | Business
Improve your business performance by outsourcing your work load to order fulfillment UK. UK fulfillm...
 
Management by Objectives for the growth of business
Published by Annphilip on February 27th 2012 | Business
It was Peter Drucker who introduced and popularized the concept of MBO. The concept gains more popul...
 
Corporate Media is a premier promotional merchandise business
Published by James Blee on June 16th 2012 | Business
Are you looking for creative ways to market your business and offer you an excellent return on your ...
 
Starting a mobile car wash Tampa business
Published by James Blee on April 25th 2012 | Business
The current recession is one of the worst, with people losing jobs in huge numbers. Individuals are ...