DUBLIN, April 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/x2lz3p/construction) has announced the addition of the "Construction Equipment Market in India" report to their offering.
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The analysts forecast the Construction Equipment market in India to grow at a CAGR of 18.52 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing investment in infrastructure development. The Construction Equipment market in India has also been witnessing an increasing focus on R&D. However, the fluctuation in raw material prices could pose a challenge to the growth of this market.
The report, the Construction Equipment Market in India, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Construction Equipment market in India and its growth prospects in the coming years in India. The report also includes a discussion of the key vendors operating in this market.
The Construction industry in India includes a large number of small construction companies, which prefer low-cost products from China. These Chinese products are priced competitively about 5-10 percent cheaper than the Indian construction equipment products. Chinese equipment manufacturers have a strong presence in some segments such as Wheel Loaders and Dozers, where they hold a market share of more than 10 percent. Therefore, due to the availability of low-cost products from Chinese vendors, the Construction Equipment market in India is witnessing an increase in imports of construction equipment from China.
According to the report, one of the major growth drivers in the market is increasing investment in infrastructure development. The Government of India is increasing its investment in infrastructure development to provide better roads and bridges across the country; this has led to an increase in the demand for construction equipment in the country.
Further, the report states that one of the major challenges in the market is fluctuations in raw material prices. The prices of the major raw materials used for manufacturing construction equipment are volatile and tend to increase year-on-year, posing a negative impact on the profit margin of vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Caterpillar Inc., Elecon Engineering Co. Ltd, Greaves Cotton Ltd., JCB India Ltd., and Terex Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. Scope of the Report
3. Market Research Methodology
4. List of Abbreviations
6. Market Landscape
7. Market Segmentation by Product
8. Earth Moving Equipment Market in India
9. Material handling Equipment Market in India
10. Concrete Equipment Market in India
11. Road Construction Equipment Market in India
12. Market Segmentation by End-users
13. Buying Criteria
14. Market Growth Drivers
15. Drivers and their Impact
16. Market Challenges
17. Impact of Drivers and Challenges
18. Market Trends
19. Trends and their Impact
20. Vendor Landscape
21. Key Vendor Analysis
22. Other Reports in this Series
- BEML Ltd.
- J C Bamford Excavators Ltd.
- Larsen & Tourbo Ltd.
- McNally Bharat Engineering Co. Ltd.
- Caterpillar Inc.
- Elecon Engineering Co. Ltd.
- Greaves Cotton Ltd.
- Terex Corp.
For more information visit http://www.researchandmarkets.com/research/x2lz3p/construction
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets