Earth Moving Equipment Market in India 2012-2016: Order report by calling ReportsnReports.com at +1 888 391 5441 OR send an email on [email protected] with (Earth Moving Equipment Market) / report name in subject line and your contact details.
Analysts forecast the Earth Moving Equipment market in India to grow at a CAGR of 20.9 percent over the period 2012-2016. 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.
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According to the report, 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).
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.
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The report recognizes the following companies as the key players in the Earth Moving Equipment Market in India: BEML Ltd., JCB India Ltd., L&T Construction Equipment Ltd., and Tata Hitachi Construction Machinery Company Ltd.
Other vendors mentioned in the report are Caterpillar Inc., Ingersoll-Rand plc, Terex Corp., and Volvo Construction Equipment.
Key questions answered in this report:
– What will the market size be in 2016 and what will be the growth rate?
– What are key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by key vendors?
– What are the strengths and weaknesses of each of these key vendors?
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