London, 05 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Construction Equipment Market in India 2014-2018, which is expected to post a CAGR of 20.85 percent during 2013-2018.
“India is a favorable destination for foreign investors mainly because of the availability of cheap labor and diversified culture and climatic conditions,” says Faisal Ghaus, Vice President of TechNavio.
“The FDI inflow in the country increased by 50 percent in 2012 and contributed approximately 7 percent to the overall FDI inflow in the country inclusive of all the sectors.”
Key Market Drivers
- FDI Inflow in Construction Industry
- VGF Scheme
- Robust Infrastructural Growth
- Increase in Mining Activities
Key Market Trends
- Increase in PPP Model Projects
- Growth of OEMs
- Increase in Renting of Construction Equipment
- Increase in R&D Investment
- Increase in Equipment Incentives
- Financing of Equipment
Key Market Vendors
- Bharat Earth Movers Ltd.
- Caterpillar Inc.
- J C Bamford Excavators Ltd.
- Komatsu Ltd
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
