Dublin, Dec. 15, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/m4n9jx/construction) has announced the addition of the "Construction Equipment Market in India 2014-2018" report to their offering.
Construction equipment in general refers to heavy-duty vehicles that are specially designed for executing construction tasks, mainly earthwork operations. Construction equipment offers an efficient, accurate, easy, and cost-effective method for the construction of complex and high-quality infrastructure.
The analysts forecast the Construction Equipment market in India to grow at a CAGR of 20.85 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Construction Equipment Market in India for the period 2014-2018 in the Construction industry. To calculate the market size the report considers the sales of construction equipment in India only.
It does not consider the sale of used equipment as well as the revenue generated from the contracts and maintenance. It primarily focuses on the sale of equipment in past few years and condition of the global construction industry as a whole. The report also talks about the FDI inflows and export and import of the construction equipment in country.
The performance of the construction market is forecasted with the help of the predicted CAGR after the analysis of the present condition of the market. In addition, it discusses the major drivers that influence the growth, the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
An increase in public private partnership model projects is a major trend emerging in the market. It provides the market an opportunity to combine technology and funds driven by the Private and Public sectors, respectively, thus boosting the overall efficiency of the market.
According to the report, an increase in the inflow of FDI in the country through the construction sector is a major driver for the market. This helps in bringing in new technologies and skills to the country, thus making India a favorable destination for foreign investors.
Further, the report states that time and cost overruns are a major challenge faced by the market. There are high numbers of government approvals required before the commencement of any construction projects. Some of these approvals are taken in a pre-defined sequence due to which they cannot be taken simultaneously which requires more time than anticipated, leading to cost and time overruns.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Industry Overview
07. Construction Equipment Manufactured By Major Vendors
08. Market Landscape
09. Segmentation by Product Type
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Market Summary
20. Other Reports in this Series
- Bharat Earth Movers
- J C Bamford Excavators
- Doosan Group
- Hitachi Construction Machinery
For more information visit http://www.researchandmarkets.com/research/m4n9jx/construction
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Source:Research and Markets