According to our latest research report “Booming Construction Equipment Market in India
”, the construction equipments industry has been increasingly benefiting from India’s rapid economic growth over the past years. Fast urbanization and industrialization has paved the way for multi-billion dollars infrastructure construction projects which propelled demand for construction equipments in the country. However, the industry recorded slight slowdown in FY 2009 amidst economic downturn, but our research has revealed that the industry will sustain its positive growth momentum in coming years at a CAGR of 17.6% during FY 2011 – FY 2014.
The report has acknowledged that the industry growth is currently driven by public sector construction projects. The government has taken some notable initiatives to make its basic infrastructural structure more efficient and world-class. Consequently, billions of dollar are being spent on constructing roads, bridges, railway transportation facilities, power infrastructure etc. As construction equipments account for 4%-24% of the total construction costs in various sectors, the industry recorded strong revenue grew. A similar trend is anticipated to prevail during the forecast period owing to various supporting factors discussed and analyzed in the report.
The report has also studied the high growth potential of equipment rental industry. The construction equipment rental market is small, but it has seen impressive growth results over the past few years. Sensing the inorganic demand for rental equipments, OEMs also forayed into renting their equipments to consultants and to independent builders. In coming 3-4 years, the sector is expected to transform in a fully fledged industry providing significant boost to overall industry developments.
“Booming Construction Equipment Market in India
” is an outcome of thorough research and objective evaluation of the Indian construction equipment industry. It facilitates statistics and analysis of past, present and projected market trends of all prominent industry segments, including earth moving equipments, material handling equipments, concrete equipments and road building equipments. The report provides an overview of equipment rental and equipment financing industry developments. In addition, the report has given industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report gives an unbiased market picture that will prove decisive for clients.
For more information visit: http://www.rncos.com/Report/IM277.htm