According to the report by RNCOS titled "Booming Construction Equipment Market in India", the potential for concrete equipment market in India is anticipated to witness a rapid growth on the back of rising investments and support from the public and private sectors. The main focus of the concrete equipment market in India is on urban development, infrastructure projects power, road, ports, and irrigation projects. Moreover, the emergence of infrastructural developmental activities in the Tier-II and -III cities are sure to pave the way for the sector. These multibillion dollar projects will require large construction equipments volume be it in earth moving, material handling, concrete equipments or road building segments.
Huge investment by international majors to gear up the unmet demand is also a substantial matter of concern fuelling the growth of the market. In this context, investment by Batching Plant, Transit Mixer, and Concrete Pump, which ought to double up the current growth, is a glorious example.
According to our research, heavy investments and expenditure in industrial and infrastructure sectors is anticipated to boost the production capacities of various essential commodities and make services more efficient. The country has formulated major investment programs for revamping its electricity production and transmission.
Our report "Booming Construction Equipment Market in India", provides profound research and rational analysis of the Indian construction equipment industry. It provides information/statistics of all prominent market segments including earth moving, material handling, concrete equipments, and road building equipments. The report also provides an overview of equipment rental and equipment financing industry developments. In addition, we have covered key industry players and their business description to examine industry's competitiveness and growth potentials. In this way, our report suffices to present an unbiased market picture that may prove decisive for intending clients
Source:cmbol.