India Construction Equipment Demand to See Upswing, according to Topical Report by Infra Insights Recently Published at MarketPublishers.com
06 Sep 2017 • by Natalie Aster
LONDON – India's GDP has begun following a recovery trajectory growing from 7.2% in the December 2015 quarter to 7.9% in the March 2016 quarter. Government expenditures on the infrastructure sector have begun demonstrating results and the GDP numbers signify that the economy is on the way to positive changes. Softer prices for crude oil has aided the government in saving dollars that have been later used to build infrastructure across roads, highways, ports, among others.
Due to a prolonged decline in the domestic construction activity, the demand for construction equipment has seen a sharp downfall during 2011-2015. Whilst the recovery to maximum demand remains few notches away, but it is expected that a more rapid recovery than anticipated could surprise us all. Recent numbers of Larsen & Toubro Limited seem to be suggesting that the Government’s incentive is bearing fruit, and the outlook appears quite shiny. Some of the marquee investment programs as announced by the country’s Government and that promises a hike in the demand for construction equipment.
Even though 50-60% of the upcoming investment fructifies, it is likely to result in the doubling of local demand for construction equipment.
Topical report “Evaluating the Emerging Demand for Construction Equipment in India by 2024-25: Demand Growth to Surprise all?” elaborated by Infra Insights presents an all-round analysis of the market on a national level.
The study delves deep into the construction equipment market and application landscape, covering the competition landscape, business models, and imports versus exports. It sheds light on the key trends in the domestic construction activity. The research report limelights key market trends, gives an assessment of the demand for construction equipment in India, identifies key growth drivers and challenges pertaining to the Indian construction market. The report examines the market for construction equipment in FY2016-2017, provides detailed segmentation by equipment type, OEMs, domestic versus imports, region, direct versus channel, leaser versus own, and by end use segment. It offers an assessment of the construction equipment usage norms for various industries and procurement norms, limelights key demand growth drivers, projects the demand for construction equipment. The report offers a competitive analysis of OEMs, uncovers the users’ preference for make and type of construction equipment, gives information on the national construction sector financing, M&A opportunities in the market. Detailed profiles of the leading OEMs in India are available, too.
More topical research reports by the publisher can be found at Infra Insights page.