London, 05 February 2015 –The PNC Crane Market in India is expected to grow at a CAGR of 18.50 percent from 2014-2019, as demand for high-capacity cranes increases, says research firm TechNavio.
About the Report
According to the latest report by TechNavio, the PNC Crane Market in India is dominated by cranes that have a 15 ton capacity. However, higher capacity cranes are expected to becoming increasingly prominent in the market because of the rise in requirements like handling heavy loads, longer reaches and tough ground conditions.
“Sectors like infrastructure, industrial and manufacturing are expected to increase the demand for higher capacity cranes primarily at their factory warehouses for stocking and moving goods,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio also emphasizes the increased exposure to modern manufacturing technologies and evolution of production processes that have helped manufacturers develop equipment for specific sectors with strong emphasis on automation, productivity and safety.
“Established crane manufacturers are expected to reduce the use of older technology and embrace modern, contemporary crane technology through the projected period,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Demand for High-capacity Cranes
- For a full detailed list, view our report.
Market Challenges:
- Potential Competition from Alternative Cranes
- For a full detailed list, view our report.
Market Trends:
- Rise in PPP
- For a full detailed list, view our report.
Key Vendors:
- Action Construction Equipment Ltd.
- Escorts Group
- JC Bamford Excavators Ltd.
- Voltas Ltd.
Other Prominent Vendors:
- Drillcon Private
- Hercules Cranes
- Indo Farm Equipment
- Omega Construction Equipment
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
