India Concrete Equipment Market to Grow at CAGR of 13% During 2019-2024
Growing building construction projects and increasing
government expenditure on infrastructure development in India to drive the
country’s concrete equipment market through 2024
According to TechSci Research report, “India Concrete Equipment
Market By Equipment, By Type,
By Capacity, Competition, Forecast & Opportunities, 2014-2024”, India concrete equipment market is projected to grow at a CAGR of 13%
during 2019-2024, owing to high demand for concrete equipment in transit mixer segment.
Moreover, demand for these equipment is expected to grow in newer segments such
as commercial projects, mining, housing and agriculture, etc. Major projects
such as construction of Chenab rail bridge, construction of flyover in length
of 0.8 km at Jawaharlal Nehru Port, four laning of Piska More-Palma section in length of 23.1 km, Laying of
132 kV Likabali-Niglok, Likabali-Niglok, Rilo-Seijosa S/C lines including
implementation of substations, etc., are in the pipeline. These projects would
cumulatively support the demand for concrete equipment in the country during
the forecast period.
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data Tables and 34 Figures spread through 89 Pages and an in-depth TOC on" India Concrete Equipment
Market"
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Schwing Stetter India Pvt. Ltd grabbed the highest satisfaction level
among companies in product quality, technology, spare part availability, and price
of concrete equipment market in India. Schwing
Stetter India Pvt. Ltd dominates India concrete equipment market and it is
expected to lead the market during the forecast period as well, owing to continuing collaborations with
construction and technology companies coupled with the company’s strong sales
network across the country.
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Among equipment, truck mixers account for the largest volume share in India
concrete equipment market, and the segment is expected to lead the market
during forecast period as well, owing to its use across industrial/commercial
set-ups, especially, for high rise building construction in the country. North
is the dominating region in India concrete equipment market as a huge number of
large-scale projects are being undertaken in the region.
“Various
upcoming infrastructure projects coupled with government expenditure towards public
infrastructure and construction sector in the country are anticipated to boost India
concrete equipment market during the forecast period. Moreover, favorable
government policies regarding construction projects along with surging foreign
investments in concrete equipment market, would further steer growth in the
market over the next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Concrete Equipment
Market By Equipment, By Type, By Capacity, Competition, Forecast &
Opportunities, 2014-2024” has analyzed the potential of concrete equipment market
across the country, and provides statistics and information on market sizes,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by India concrete
equipment market.
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