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India Construction Machinery Industry Sector Research Report - 2016
India Construction Machinery Industry Sector Research Report - 2016
The report titled "India Construction Machinery Industry Outlook to 2016 - Future Destination for Foreign Investments" focuses on various segments of the construction machinery
New Delhi,
Delhi,
India
(prbd.net)
15/04/2015
India Construction Machinery Industry Outlook to 2016 - Future Destination for Foreign Investments” focuses on various segments of the construction machinery industry in the Indian region, namely trucks, earthmoving equipments, road machinery and cranes. The report provides a detailed analysis of these segments. These types of machinery are used in a wide range of applications, including building construction, surface mining and infrastructure projects which include transportation and energy infrastructure construction. The Asia-Pacific construction machinery industry has been segmented into four countries of which India has the third highest contribution in the overall industry. The contribution of India was ~ % in FY’2011.
The India construction industry market had grown at a CAGR of 29.8% to reach a market size of USD ~ billion in FY’2011 from USD ~ billion in FY’2006. The earthmoving machinery has the highest contribution of ~ % in the India construction machinery industry. The report looks in the future aspect of the India construction machinery industry, while considering the various growth drivers and restraints in the market. The earth-moving segment, in particular, has been driving the overall construction equipment industry in India with the strong demand emanating from the government backed infrastructure projects.
The report also showcases how the market is fragment among various players and provides company profiles of the major players in the India construction machinery industry. In Indian construction machinery industry, JCB had the highest market share of ~% in FY’2011. Most of the foreign players have presence in India either as joint ventures or have set up their own manufacturing facilities or marketing companies.
The report provides a detailed analysis of imports and exports of construction machinery in the country. In FY’2011, the import value of India’s construction machinery amounted to USD ~ billion, with an increase of ~% from FY’2010.
The Government of India had permitted 100% FDI in construction and development projects to attract more investment in the construction machinery industry. The Government of India had also introduced initiatives to increase power generation and improve the quality of power supply. The custom duties on various equipments have been reduced.
The construction equipment industry in India has evolved with growing domestic demand. The Indian construction and earthmoving equipments industry is likely to grow to USD ~billion by FY’2016 from USD ~billion in FY’2011.
The Indian construction sector experienced strong but fluctuating growth rates from FY’2007 through to FY’2010 and is expected to retain solid growth rates through till the end of the forecasted period by FY’2016. The increase in the construction sector of India will lead to the increase in the construction machinery industry of the country. This is because as more construction will take place, the demand of these machineries will also increase.
Source:https://www.kenresearch.com/mining-construction-infrastructure/construction-industry/india-construction-machinery-industry-research-report/317-97.html
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