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Expected Growth in the Infrastructure Segment Augurs Well for Hydraulic Equipment Market in India Finds Frost & Sullivan - Need for Improved Mechanization Spurs Demand for Hydraulic Equipment in India - Motors.Frost.com
Expected Growth in the Infrastructure Segment Augurs Well for Hydraulic Equipment Market in India Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mumbai, India, 2013/07/04 - Need for Improved Mechanization Spurs Demand for Hydraulic Equipment in India - Motors.Frost.com.

   
 
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The urgent need for widespread infrastructure development across India in the coming years will aid the growth of its hydraulic equipment market despite the current slowdown in key end-user segments such as, construction equipment and industrial machinery. Mechanization requirements to boost process and machine efficiency in various end-user sectors will add to market demand.

New analysis from Frost & Sullivan (motors.frost.com), Analysis of the Hydraulic Equipment Market in India, finds that the market earned revenues of INR 29,942.0 million in 2012 and estimates this to reach INR 40,822.2 million in 2017, growing by a compound annual growth rate (CAGR) of more than 6 percent.

The urgent need to carry out infrastructure development at rapid pace will be a major boost to the construction equipment, material handling, industrial machinery and thereby driving the demand for hydraulic equipment, said the analyst, Frost & Sullivan. "The major infrastructure projects planned such as construction of industrial corridors, namely Delhi-Mumbai, Mumbai-Bangalore and Chennai-Bangalore along with national highways, and public transport infrastructure including the city metros will serve as major boost to construction equipment market."

The emergence of India as a manufacturing hub has also widened the scope of the hydraulic equipment market in the country. The focus on increasing the level of mechanization to enhance safety and reduce the time to market has contributed to their popularity. In fact, these devices will remain one of the most cost-effective methods to optimize productivity, and hence, will continue to gain acceptance. However, limited understanding among customers about these benefits has curbed hydraulic equipment installations across industries. Small and medium enterprises, in particular, still view investments in mechanization as a capital expenditure rather than an operational expense.

Therefore, equipment suppliers need to educate end users on the advantages of mechanization. "Energy Efficiency is expected to be one of the key product differentiators. Moreover, vendors with end to end capability, comprising of products and services are expected to have an edge over competition," explained the analyst.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Priya George / Akshata Mhatre, Corporate Communications, at priyag[.]frost.com / akshatam[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Analysis of the Hydraulic Equipment Market in India is part of the Power Transmission Growth Partnership Service program. Frost & Sullivan’s related research services include: PD Compressors Market in India, and Bulk Material Handling Equipment Market in India. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Analysis of the Hydraulic Equipment Market in India / P72D-17

Media Contact:
Nimisha Iyer - Corporate Communications South Asia, Middle East & North Africa
M: +91 98200 50519 / P: +91 22 6607 2004 - E: E: niyer[.]frost.com.

 
 
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Expected Growth in the Infrastructure Segment Augurs Well for Hydraulic Equipment Market in India Finds Frost & Sullivan

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Frost & Sullivan | Hydraulic Equipment
Contact: Priya George / Akshata Mhatre 
+91 4466814456 / +91 2266072020 priyag[.]frost.com / akshatam[.]frost.com
 
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