Research and Markets (http://www.researchandmarkets.com/research/dl9wf9/earth_moving) has announced the addition of the "India Earth Moving Equipment Market Forecast Report, 2016" report to their offering.
One of the major growth drivers in the market is the increasing investment in infrastructure projects by the Government of India. During the 11th five-year plan (2007-2011), the investment on infrastructure projects accounted for US$ 436 billion. Moreover, the Planning Commission has estimated that a total investment of around US$1 trillion on infrastructure projects will be spent during the 12th five-year plan (2012-2017).
The construction companies in India prefer Chinese earth moving equipment when compared to the earth moving equipment manufactured in India. This is because the Chinese earth moving equipment is priced at least 5-10 percent lower than India's equipment. China uses high technological advancements in the field of earth moving equipment when compared to India. Moreover, it has a strong global presence of around 14 percent in the Global Dozer and 13 percent in the Global Loader market. Thus, the availability of a large number of equipment from China at a lower cost has led to the increase in imports of the earth moving equipment from China.
Further, the report states that one of the major challenges in the market is the delay by the government in approving the infrastructure projects. The delays are made in terms of land acquisition approval, process approval, financing, and environmental clearance which hampers the project's commencement.
The key vendors dominating this market space are:
- JCB India Ltd.
- Bharat Earth Movers Limited.
- Tata Hitachi Construction Machinery Company
- L&T Construction Equipment Ltd.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
05. Introduction
06. Market Landscape
07. Market Segmentation by Product
07.1 Backhoe Loader
07.2 Crawler Excavator
07.3 Mobile Cranes
07.4 Compaction Equipment
07.5 Wheeled Loaders
08. Market Segmentation by End-users
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/dl9wf9/earth_moving.
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Sector: Construction