DUBLIN--(BUSINESS WIRE)--The "India Construction Equipment, Market By Segment (Earth Moving Equipment, Material Handling Equipment, etc.), By Product Type (Backhoe Loaders, Hydraulic Excavators, Pick & Carry Cranes, etc.), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Indian Construction Equipment Market is projected to cross $ 4.7 billion by 2025, on account of anticipated growth in the construction industry, increasing foreign investments, and rising number of smart city projects in the country.
The Indian Construction Equipment Market is broadly segmented into Earth Moving, Material Handling, Concrete Mixing, and Road Construction Equipment. Earth Moving segment is expected to continue its dominance during the forecast period, however, the Concrete Mixing segment is anticipated to witnessed fastest growth over the next five years. Based on specific product type segmentation, the market is dominated by backhoe Loaders, followed by Crawler Excavators, Forklifts, and Pick & Carry Cranes. The demand for such products is expected to continue growing in the coming years owing to the factors such as increasing project sizes, shorter completion time, and demand for customized and multipurpose equipment by end-users.
Government initiatives focused on infrastructure development are further boosting demand for construction equipment in India. Some of the largest projects include Smart City Mission, AMRUT (Atal Mission for Rejuvenation of Urban Transformation), Metro Rail in urban areas, Bharatmala, and Sagarmala, among others. In addition, government is also supporting the construction equipment market by liberalizing taxation policies for construction industry such as GST and custom duty. In 2018, the government of India reduced the GST on construction equipment from 28% to 18%, which will help the construction equipment manufacturers to reduce the overall cost of equipment and other operational losses. However, the global economic slowdown and spread of COVID-19 pandemic pose a huge imminent challenge for the Indian Construction Equipment Market.
Objective of the Study:
- To study the Indian Construction Equipment Market scenario, which covers earth moving equipment, material handling equipment, concrete equipment, and road construction equipment.
- To analyze and forecast the market size of the Indian Construction Equipment Market.
- To classify and forecast the Indian Construction Equipment Market on the basis of segment, product type, region and company.
- To identify drivers and challenges for the Indian Construction Equipment Market.
- To identify market trends & developments for the Indian Construction Equipment Market.
Key Topics Covered:
1. Market Segment Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Satisfaction Level
5. India Construction Industry Overview
6. India Construction Equipment Production Scenario
7. India Construction Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Segment (Earth Moving, Material Handling, Concrete Mixing, Road Construction Equipment and Others)
7.2.2. By Product Type (Backhoe Loaders, Hydraulic Excavators, Pick & Carry Cranes, Transit Mixer, Forklifts, Batching Plants, Concrete Pump, Wheel Loader, Road Roller Machine, Asphalt Mixing Plant, Truck Crane, Wheel Asphalt Pavers, Compaction Equipment, Crawler Excavators, Mobile, Compressors, Mobile Cranes, Motor Graders, Rigid Dump Trucks)
7.2.3. By Region
7.2.4. By Company
7.3. Product Market Map (By Segment & By Region)
8. India Earth Moving Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. 8.3 Product Market Map (By Product Type)
9. India Material Handling Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. 9.3 Product Market Map (By Product Type)
10. India Concrete Equipment Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. 10.3 Product Market Map (By Product Type)
11. India Road Construction Equipment Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. 11.3 Product Market Map (By Product Type)
12. Market Dynamics
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. India Economic Profile
16. Competitive Landscape
16.1. JCB India Limited
16.2. Action Construction Equipment Limited
16.3. BEML Limited
16.4. L&T Construction Equipment Limited
16.5. Greaves Cotton Limited
16.6. Mahindra Construction Co. Ltd.
16.7. McNally Sayaji Engineering Company Limited
16.8. Kobelco Construction Equipment India Pvt. Ltd
16.9. Apollo Infratech Pvt. Ltd
16.10. Putzmeister Concrete Machines Pvt. Ltd
17. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/yoxi8l.