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Indian Construction Equipment Market Outlook 2022

Indian Construction Equipment Market Outlook 2022

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Publish Date : Dec, 2018| No. of Pages : 120

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In India, there is a potential ground of opportunities for the construction sector. The country is in a crucial phase of development where numerous projects are being undertaken in different regions, propelling the demand for construction equipments. Analyzing the developments taking place over the past decade, a significant advancement in the sector is observed. On the supply front, the market has evolved on technology, product utility, variants and price fronts.
Almost all major construction equipment companies across the globe have established presence in India either as joint ventures with Indian companies or as independent entities. Similarly, on the demand side, the Indian consumer has realized the importance of value proposition rather than money, therefore the demand curve is seen shifting towards value driven products, more importantly quality services. The Indian construction equipment industry is projected to exhibit growth with a double digit CAGR during 2016-2022.
The latest RNCOS study titled “Indian Construction Equipment Market Outlook 2022” is a comprehensive analysis of the industry, reflecting a holistic market performance of major equipments. Our report provides an in-depth analysis of top-selling construction equipments in India namely backhoe loaders, excavators, mobile cranes, transit mixers and forklifts. Their individual market performances over the next five years, current sales across regions and key states in each region that have been assessed shall help the reader analyze the market potential. The report also studies the future demand for each of the mentioned equipments across regions and reflects the top states in each region that are preparing for upcoming construction projects in the key application verticals of the equipments.
Keeping tab on the upcoming construction projects in each application industry such as power, roads, ports, mining etc. is important to assess the demand for construction equipments. Our research describes in detail, the number of upcoming construction projects in each application industry in each state. It describes the latest industry trends, challenges, government policies and initiatives which need to be considered while devising business strategies. A descriptive profiling of key competitors has been done to reflect their businesses, product offerings, dealer network, and strength-weakness analyses.
Our present careful analysis of the Indian construction equipments industry shall provide a decisive and informative guide to the industry’s players, entrants, policy makers and other stakeholders.
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