Indian Construction Equipment Market – In-depth analysis and insights into Concrete and Road Construction Equipment Industries

  • ID: 2255389
  • Report
  • Region: India
  • GrowthPraxis
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Indian construction industry is one of the most important sectors of the economy as it stimulates infrastructure-building and create growth opportunities for other industries in the economy. It is the second largest industry in India after agriculture. Indian construction industry has been contributing 7.5-8.0% of National GDP for past many years. Construction industry in India is highly labour-intensive and provides direct and indirect employment to estimated ~ 35 million people in the country. It is expected to grow at a rapid pace owing to the government efforts to bridge infrastructure deficit in next five year plan (2013-2017) and rapid urbanization leading to high demand for real estate construction. As a result, construction equipment sector in India, which has been witnessing robust demand in the recent years, stands to gain maximum due to the rapid rise in the construction activity in the future.

Construction equipment industry is one of the core service areas for Knowledgefaber and it has worked on several engagements in this segment with a special focus on road construction and concrete equipment market in India. Knowledgefaber report on Indian construction equipment industry focuses on these two high growth product segments – concrete and road construction equipment because of:

a) Knowledgefaber expertise: Knowledgefaber has worked with multiple players across construction equipment segments with special focus on concreting and compaction equipments in past 4 years. As a result, it has developed granular market insights in these two sectors along with a rich repository of data and statistics about the industry gleaned from multiple interactions with various players across the value chain and more than 300+ primary and secondary interactions

b) Lack of key data and insights: Earth moving equipment product segment accounts for more than 50% of the total size of the Indian construction equipment industry. Hence, most of the information and data available currently is earth moving equipment product segment centric and there is lack of quality data and insights for concrete and road construction equipment in Indian construction equipment market.

c) High growth in recent years: Extensive road-building, increasing labour shortage, strict project deadlines, emergence of Build-Operate-Transfer (BOT) model in road projects (resulting in need to construct highly durable roads), emergence of “value-focussed” customers ready to invest in construction machinery and real estate demand due to rapid urbanization in recent years has led to high demand for greater level of mechanization and quality in road construction and concrete segments. As a result of that, demand for sophisticated construction equipment in these segments has increased substantially and the trend is likely to continue over the coming years as well.

The report focuses upon the macro growth drivers fuelling the demand for construction equipment in India (with a special focus on factors affecting road construction and concrete equipment segment). It highlights the historical and future market size (by volume) for each of the product segments and segmentation of the market size technology-wise. It also details out key technological trends, success factors and competitive intensity in concrete and road construction equipment industry. Recent developments and the profile of key players (both domestic and foreign) in concrete and road construction space are also covered.

It will be immensely beneficial for both new and entrenched players in the following ways:

a) Benchmarking and performance monitoring: Market size numbers in the report have been collected through exhaustive primary and secondary research and can serve as benchmark to assess the sales performance and devise business plans for both new and entrenched players.

b) Devising market-entry strategy: Knowledgefaber report provides detailed information about the concrete and road construction equipment industry landscape and can serve as an input for devising effective market entry strategy for any new player

c) Planning business expansion and diversification: Knowledgefaber report provides a clear indication of the attractiveness of various product lines and technologies and can serve as an input for identification of diversification opportunities.

Brief synopsis of the report:

Current market size of construction equipment sector in India is $4.8 billion (FY2012) and it is expected to grow to $17.3 billion by 2020 at a CAGR of 17.6%.

Key product segments in Indian construction equipment industry are:

- Concrete equipment
- Road construction equipment
- Construction vehicles
- Material preparation equipment
- Material handling equipment
- Tunnelling & drilling
- Earth moving equipment

Concrete Equipment Industry

Indian concrete equipment industry has been growing at a rapid pace in recent years owing to high demand for sophisticated equipment. Entry of various foreign players in Indian market provides an indication of the potential of the Indian concrete equipment market, which is expected to grow at a CAGR of ~20.0% over the next five years. Concrete equipment market in India consists of following product segments:

concrete equipment

Road Construction Equipment Industry

Indian road construction equipment market has witnessed rapid growth in recent years, mainly owing to accelerated road development programmes undertaken by central and state governments. NHAI has an ambitious plan of building 20KM of national highways daily in coming years. To meet this target, superior project execution capabilities will be needed which will result in greater demand for sophisticated road construction equipment. Road construction equipment market is expected to grow at a CAGR of ~20.0% over the next five years.
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Executive Summary

Overview of Indian Construction Industry in India
- Market Size (USD billion – 2005 to 2011)
- Segmentation
- Growth Drivers

Overview of Indian Construction Equipment Industry
- Market size and future growth (USD billion – 2004 to 2020E)
- Market structure by revenue stream (domestic product sales, spare part sales, services and exports)
- Product Segmentation
- Revenue by product segments

Overview of Concrete Equipment Industry
- Market Size and future growth of concrete equipment industry in India (USD million – 2007 to 2017)
- Product Segmentation
- Concrete Pump market in India
- - Historical and future market size (Units – 2010 to 2017)
- - Technology segmentation – S-Valve, Rock valve and Boom pumps
- Concrete mixers market in India
- - Historical and future market size (Units – 2007 to 2017)
- - Technology segmentation – Standard and reversible
- Batching plants market in India
- - Historical and future market size (Units – 2009 to 2017)
- - Technology segmentation – Mini and large batching plants
- Material handling equipment market in India
- - Historical and future market size (Units – 2009 to 2017)
- - Technology segmentation – Transit mixers, builder hoist and mini dumpers
- Technological trends
- Competitive intensity
- Key success factors

Overview of Road Construction Equipment Industry
- Market size and future growth of road construction equipment industry in India (USD million – 2009 to 2017)
- Product Segmentation
- Compaction equipment market in India
- - Historical and future market size (Units – 2009 to 2017)
- - Technology segmentation – Soil compactors, Vibratory rollers and needle rollers
- Bitumen Sprayer market in India
- - Historical and future market size (Units – 2009 to 2017)
- - Technology segmentation – Truck and trolley mounted
- Other Road Construction Equipment:
- - Motor Graders (Units – 2009 to 2017)
- - Asphalt Pavers (Units – 2009 to 2017)
- - Asphalt Mix plant
- Technological trends in Indian road construction equipment industry
- Growth drivers and competitive intensity
- Key success factors and challenges

M&A activity and recent development in Indian concrete and road construction equipment industry

Appendix – company profiles
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