TechNavio recognizes the following companies as the key players in the Engineering Goods Market in India: ABB Ltd., Caterpillar Inc., Gildemeister AG, Komatsu Ltd., Kirloskar Brothers Ltd., Larsen & ToubroL&T Ltd., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the Engineering Goods market in India is the increase in technological advancements. Many vendors have come up with advanced technologies in the course of producing engineering goods. The increased productivity and the reduced cost of production have made this trend popular among many of the vendors across the country. Even though this trend is in its nascent stage, it is expected to gain popularity and acceptance among the vendors within a few years.”
According to the report, one of the major drivers in the market is the growth of the end-user industries. The growth of end-user industries such as Power, Infrastructure, and Manufacturing has increased the demand for engineering goods in India.
Further, the report states that one of the major challenges in the market is the lack of a skilled workforce, as this is an integral part of the Engineering Goods market in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/engineering-goods-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Engineering Goods Market in India 2012-2016
