PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2010/12/15 - Dynamic developments in housing sector and increasing demand from road building sector will drive market to grow at 18.8% CAGR by FY 2014, says RNCOS.
According to our recent research report “Booming Construction Equipment Market in India”, Indian construction equipment industry has witnessed consistent double digit CAGR growth during the past few years. The global economic slowdown had its moderate effects on the industry, but it regained growth momentum in FY 2010 and showed positive year-on-year growth. Segment such as concrete equipments have witnessed notable market growth and housing sector developments will further enable it to register 18.8% CAGR growth during FY 2011 – FY 2014.
The study inferred that, despite a fall in 2009, the concrete equipments market is recovering strongly. Various real estate projects along with focus on affordable housing will create huge demand for concrete equipments in the country. Besides, various government and private housing developments projects have been already launched and are currently in development phase. It is anticipated that the trend will prevail in coming years also, which will boost the demand for concrete equipments in the country.
Apart from concrete equipments, several other segments such as, earth moving equipments, material handling equipments and road building has been also showing tremendous market growth for the past few years. Based on various market drivers and trends as discussed and analyzed in report, these segments are all set to witness rapid market expansion during our forecast period (FY 2011-FY 2014).
Our report “Booming Construction Equipment Market in India” is an outcome of extensive research and objective analysis of the construction equipment industry potentials in India. It provides statistics and analysis on all prominent market segments including earth moving, material handling, concrete equipments, and road building equipments. Analysis of past, present and upcoming industry trends provide balanced market intelligence on the concerned industry. In addition, we have covered key industry players and their business description to examine industry’s competitiveness and growth potentials.
In addition, the report has provided the industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents an unbiased market picture that will prove decisive for clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.