Indian Earth Moving Equipments Industry To Boom In Near Future
Increasing infrastructure spending coupled with market entry of cost competitive, technically superior equipments will lead earth moving equipments market to grow at a CAGR of 18.3% during FY 2010 - FY 2014, says RNCOS.
- (1888PressRelease) October 21, 2010 - According to our latest research offering, "Booming Construction Equipment Market in India", the country with its high potential largely untapped market attributes, has become a favorite destination for global construction equipments giants. The government has taken some notable initiatives to make its basic infrastructural structure more efficient and somewhat world-class. Consequently, billion's of dollar were spent on constructing roads, bridges, railway transportation facilities, power infrastructure etc. Construction equipments especially earth moving equipment sector has benefited the most from these developments and is poised to grow at double digit CAGR by FY 2014.
The research inferred that, during 2007-2015, the potential infrastructure investment will be around US$ 750 Billion. This huge sum has been reached even after discounting for delays and discontinued projects. The majority of this investment is anticipated to be in the areas, which are the largest consumers of construction equipments industry, such as road building, irrigation, etc. It is anticipated that such a huge investment will speed up construction equipments demand in the country and will attract foreign majors to compensate their subdued global revenue performance by investing in the Indian market.
Our report, "Booming Construction Equipment Market in India", is an outcome of extensive research and objective analysis of the Indian construction equipment industry potentials. It provides information/statistics of all prominent market segments including earth moving, material handling, concrete equipments, and road building equipments. Analysis of past, present and future 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 given the segment wise industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report gives an unbiased market picture that will prove decisive for clients.
For FREE SAMPLE of this report visit: http://rncos.com/Report/IM277.htm
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About RNCOS:
RNCOS 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.
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