In India, the construction equipment industry witnessed a consistent growth in the past few years despite the global economic crisis. Supported by the government's favorable policies, the infrastructure and construction projects in the country are increasing. RNCOS in its latest research report “Booming Construction Equipment Market in India” says that most of the global original equipment manufacturers (OEMs) are expected to strengthen their presence in the Indian construction equipment market through joint ventures and collaborations with domestic companies. With similar dynamic changes, the industry is expected to witness a CAGR of 20% during FY 2011-2015.
Research Analysis and Highlights
The report, spread over 45 pages, provides a comprehensive research and rational analysis of the current status and expected position of the construction equipment market in India. It meticulously examines the prominent emerging trends and drivers, which are fueling growth in the industry. Highlighting major segments, such as earth moving, and material handling, the report also facilitates the future outlook for rental and equipment financing in India.
Some of the key findings of the report are:
- India’s earth moving sector to register an impressive growth over the next few years.
- Construction equipment rental business in India is all set to enter a crucial growth phase.
- Market for after sale services to capture the untapped space in India.
- Construction equipment financing market has huge potential.
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