Construction Equipment Market in India (2018–2023)
- NET3246124
- 60 Pages
- December 2019
- Construction & Manufacturing
Construction equipment includes all kinds of machines, derricks, hoists, material handling equipment, platforms, runways, safeguards, protective devices, cranes, and equipment used for other constructions. Owing to a surge in investments in the infrastructure sector, and growth of the real estate sector, the construction equipment market in India is expected to expand at a compound annual growth rate (CAGR) of ~7% till 2023, up from its 2017 value of INR 210 Bn.
Insights on segments based on equipment category:
Based on the category of equipment, the market is segmented into earth moving equipment, concrete equipment, material handling equipment, road construction equipment, and material processing equipment. Clearance of mining and construction (road building and real estate) projects in recent years have led the earth moving segment to occupy a major share of the construction equipment market, followed by concrete equipment, and material handling equipment.
Insights on segments based on equipment type:
Backhoe loaders, crawler excavators, mobile compressors, mobile cranes, compaction equipment, wheeled loaders, and crawler dozers are the most common construction equipment used in India. Among these, backhoe loaders had the highest market share in 2018, mainly due to its versatile applications.
Market trends:
The Ministry of Road Transport and Highways has implemented its ‘Value Engineering Program’, which directs constructors to use innovative technologies, materials, and equipment that can reduce the overall project cost and adverse effect on the environment.
Market drivers:
The Indian government has recently invested in the infrastructure sector. Substantial investment in the development of infrastructure in India is supposed to increase the demand for different kinds of construction equipment.
The real estate market in India is expected to expand at a CAGR of ~11.54%, to reach a value of
~INR 12,0104.2 Bn by 2020, from ~INR 7004.34 Bn in 2015. The demand for construction equipment is increasing considerably in India due to the growth of the real estate market.
Market challenges:
Stringent regulations, along with increasing environmental concerns delay approvals for real estate projects in India. This, in turn, increases the overall budget of projects while slowing down the processes. Heavy equipment is rented and lie unused for months. As a result, in India, the revenue of the construction equipment market is limited. The secondary market for used construction equipment is yet to develop. This prevents the resale of equipment, which in turn reduces the overall revenue of the secondary construction equipment market.
Companies covered:
1. Action Construction Equipment Ltd.
2. Bharat Earth Movers Ltd.
3. Escorts Ltd.
4. Gujarat Apollo Industries Ltd.
5. Hercules Hoists Ltd.
6. JCB India Pvt. Ltd.
7. L&T Construction & Mining Machinery
8. Triton Valves Ltd.
9. Universal Construction Machinery and Equipment
10. Volvo Construction Equipment India
Customization available
With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Construction equipment market in India - definition and structure
3.2. Construction equipment market in India - evolution
3.3. Construction equipment market in India - key manufacturing hubs
Chapter 4: Construction equipment market in India
4.1. Market overview
4.2. Market size and growth forecast – value-wise (2018-2023e)
4.3. Market size and growth forecast – volume-wise (2018-2023e)
Chapter 5: India construction equipment market - segmentation
5.1. Based on category of equipment (2018)
5.1.1. Material processing equipment
5.1.2. Material handling equipment
5.1.3. Concrete equipment
5.1.4. Earth moving equipment
5.1.5. Road construction equipment
5.2. Based on type of equipment (2018)
5.2.1. Backhoe loaders
5.2.2. Crawler excavators
5.2.3. Mobile cranes
5.2.4. Mobile compressors
5.2.5. Compaction equipment
5.2.6. Wheeled loaders
5.2.7. Crawler dozers
Chapter 6: Construction equipment market in India – segments’ overview – based on category
6.1. Material processing equipment
6.1.1. Definition
6.1.2. Segment structure
6.1.3. Market size (2018-2023e)
6.1.3.1. Based on value
6.1.3.2. Based on volume
6.2. Material handling equipment
6.2.1. Definition
6.2.2. Segment structure
6.2.3. Market size (2018-2023e)
6.2.3.1. Based on value
6.2.3.2. Based on volume
6.3. Concrete equipment
6.3.1. Definition
6.3.2. Segment structure
6.3.3. Market size (2018-2023e)
6.3.3.1. Based on value
6.3.3.2. Based on volume
6.4. Earth moving equipment
6.4.1. Definition
6.4.2. Segment structure
6.4.3. Market size (2018-2023e)
6.4.3.1. Based on value
6.4.3.2. Based on volume
6.5. Road construction equipment
6.5.1. Definition
6.5.2. Segment structure
6.5.3. Market size (2018-2023e)
6.5.3.1. Based on value
6.5.3.2. Based on volume
Chapter 7: Trade analysis
7.1. Export of construction equipment
7.1.1 Value-wise
7.1.2 Country-wise
7.2. Import of construction equipment
7.2.1. Value-wise
7.2.2. Country-wise
Chapter 8: Key growth drivers of the market
Chapter 9: Key deterrents to the growth of the market
Chapter 10: Competitive landscape
10.1. Action Construction Equipment Ltd.
10.1.1. Corporate information
10.1.2. Business description
10.1.3. Products and services
10.1.4. Key people
10.1.5. Financial snapshot (total income, net profit/loss)
10.1.6. Key ratios
10.1.7. Key financial performance indicators
10.1.8. Business segments, geographical segments
10.2. Bharat Earth Movers Ltd.
10.2.1. Corporate information
10.2.2. Business description
10.2.3. Products and services
10.2.4. Key people
10.2.5. Financial snapshot (total income, net profit/loss)
10.2.6. Key ratios
10.2.7. Key financial performance indicators
10.2.8. Business segments, geographical segments
10.3. Escorts Ltd.
10.3.1. Corporate information
10.3.2. Business description
10.3.3. Products and services
10.3.4. Key people
10.3.5. Financial snapshot (total income, net profit/loss)
10.3.6. Key ratios
10.3.7. Key financial performance indicators
10.3.8. Business segments, geographical segments
10.4. Gujarat Apollo Industries Ltd.
10.4.1. Corporate information
10.4.2. Business description
10.4.3. Products and services
10.4.4. Key people
10.4.5. Financial snapshot (total income, net profit/loss)
10.4.6. Key ratios
10.4.7. Key financial performance indicators
10.4.8. Business segments, geographical segments
10.5. Hercules Hoists Ltd.
10.5.1. Corporate information
10.5.2. Business description
10.5.3. Products and services
10.5.4. Key people
10.5.5. Financial snapshot (total income, net profit/loss)
10.5.6. Key ratios
10.5.7. Key financial performance indicators
10.5.8. Business segments, geographical segments
10.6. JCB India Pvt. Ltd.
10.6.1. Corporate information
10.6.2. Business description
10.6.3. Products and services
10.6.4. Key people
10.6.5. Financial snapshot (total income, net profit/loss)
10.6.6. Key ratios
10.6.7. Key financial performance indicators
10.6.8. Business segments, geographical segments
10.7. L&T Construction & Mining Machinery
10.7.1. Corporate information
10.7.2. Business description
10.7.3. Products and services
10.7.4. Key people
10.7.5. Financial snapshot (total income, net profit/loss)
10.7.6. Key ratios
10.7.7. Key financial performance indicators
10.7.8. Business segments, geographical segments
10.8. Triton Valves Ltd.
10.8.1. Corporate information
10.8.2. Business description
10.8.3. Products and services
10.8.4. Key people
10.8.5. Financial snapshot (total income, net profit/loss)
10.8.6. Key ratios
10.8.7. Key financial performance indicators
10.8.8. Business segments, geographical segments
10.9. Universal Construction Machinery and Equipment
10.9.1. Corporate information
10.9.2. Business description
10.9.3. Products and services
10.9.4. Key people
10.9.5. Financial snapshot (total income, net profit/loss)
10.9.6. Key ratios
10.9.7. Key financial performance indicators
10.9.8. Business segments, geographical segments
10.10. Volvo Construction Equipment India
10.10.1. Corporate information
10.10.2. Business description
10.10.3. Products and services
10.10.4. Key people
10.10.5. Financial snapshot (total income, net profit/loss)
10.10.6. Key ratios
10.10.7. Key financial performance indicators
10.10.8. Business segments, geographical segments
Appendix
1. Research methodology
2. About Research on Global Markets
Similar Reports
The global industrial production output has plummeted in the recent years. The industrial robots have witnessed sluggish demand in conventional industries such as automobiles and heavy engineering. However, increased need for automation in non-conventiona...
- Publish Date: September 13, 2017
- $5370
Micro irrigation systems are useful to supply water at frequent intervals above and below the soil’s surface. It is also known as low-volume irrigation and delivers water to the roots of the plants. Micro irrigati...
- Publish Date: September 1, 2016
- $5370
The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023. Waste management is collection, transportation, and disposable of garbage, sewage, and ...
- Publish Date: February 23, 2018
- $5370
