India Concrete Equipment Market is expected to grow at a 11.48% CAGR Through 2029
India
Concrete Equipment Market is expected to grow owing to initiatives like
"Pradhan Mantri Awas Yojana," which focuses on affordable housing for
all, and investments in transportation infrastructure throughout the forecast
period.
According
to TechSci Research report, “India
Concrete Equipment Market – By
Region, Competition, Forecast and Opportunities, 2019-2029”, India
Concrete Equipment Market is expected to register robust growth during the
forecast period. One of the primary drivers of the Indian concrete equipment
market is the ongoing infrastructure development boom in the country. India is
witnessing a surge in infrastructure projects across various sectors, including
transportation, real estate, and industrial development.
India's
ambitious infrastructure development plans, including initiatives like
"Bharatmala," "Sagarmala," and the construction of smart
cities, offer substantial opportunities for the concrete equipment market. The
demand for equipment like concrete pumps, batching plants, and transit mixers
will continue to rise as these projects progress.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Concrete Equipment Market."
Based
on capacity, the 10-20 m³/h segment is expected to dominate the market during the forecast period. In 2023, the 10-20 m³/h capacity segment is anticipated to dominate the India Concrete Equipment Market, driven by a confluence of factors that cater to the unique needs and demands of the construction industry. This segment’s dominance can be attributed to its versatility and suitability for a wide range of construction projects, from small to medium-scale developments, which are prevalent across the country. One of the primary reasons for the preference for 10-20 m³/h capacity concrete equipment is its adaptability to various project scales and types. This capacity range is ideal for urban infrastructure projects, residential construction, and commercial buildings, which require moderate concrete output but still need efficiency and reliability. The versatility of these machines makes them a preferred choice for contractors who handle diverse projects, allowing them to maximize their investment in equipment.
The growth of the 10-20 m³/h segment is further fueled by the increasing number of government initiatives aimed at boosting infrastructure development in India. Programs such as the Smart Cities Mission, Pradhan Mantri Awas Yojana (PMAY), and the expansion of the transportation network, including roads, highways, and metro systems, have significantly increased the demand for concrete equipment. These initiatives often involve projects that fall within the output capacity of 10-20 m³/h equipment, thus driving its market share. Additionally, the ongoing urbanization and rapid population growth in India have led to an upsurge in residential and commercial construction activities. Urban centers and tier-2 and tier-3 cities are witnessing a boom in real estate development, necessitating efficient and cost-effective concrete equipment. The 10-20 m³/h capacity machines offer the perfect balance between performance and cost, making them highly attractive to developers and builders.
Technological advancements in concrete equipment are also contributing to the dominance of the 10-20 m³/h segment. Modern equipment in this category is increasingly incorporating features such as automated controls, improved mixing technology, and enhanced fuel efficiency. These advancements not only boost productivity but also ensure high-quality concrete output, meeting the stringent standards of contemporary construction practices. The availability of financing options and favorable government policies supporting the acquisition of construction equipment also play a crucial role. Small and medium-sized construction firms, which form a significant portion of the market, can now access these machines more easily, further propelling the growth of the 10-20 m³/h capacity segment. The 10-20 m³/h capacity segment’s expected dominance in the India Concrete Equipment Market by region in 2023 is driven by its versatility, alignment with government infrastructure initiatives, urbanization, technological advancements, and favorable financing options. This confluence of factors positions it as the most suitable choice for a wide range of construction projects across the country.
Key
market players in the India Concrete Equipment Market are:
- Schwing Stetter India
- Putzmeister Holding GmbH
- Apollo Inffratech Pvt. Ltd.
- KYB Conmat Pvt. Ltd.
- AJAX Engineering Pvt. Ltd.
- MACONS Equipments Pvt. Ltd.
- Greaves Cotton Limited (‘GCL’)
- Maxmech Equipments Pvt. Ltd.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The
India Concrete Equipment Market in North India is poised to be the dominant
force in the industry. North India has witnessed substantial growth in the real
estate sector, particularly in cities like Gurgaon, Noida, and Chandigarh.
Residential and commercial properties, including high-rise buildings and
residential complexes, are being constructed to accommodate the region's
expanding urban population. This growth in real estate fuels the demand for
concrete equipment, as concrete mixers, batching plants, and concrete pumps are
crucial for building infrastructure and structures.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“India
Concrete Equipment Market Segmented By Equipment (Truck Mixers, Concrete Pumps,
Batching Plant and Others), By Technology (Batching and Placing), By Capacity
(150-300 m³/h, 10-20 m³/h, 60-150 m³/h, 20-60 m³/h and 0-10 m³/h), By Region,
and By Competition, 2019-2029,” has evaluated the future growth
potential of India Concrete Equipment Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Concrete Equipment Market.
Contact Us-
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com