India Concrete Equipment Market By Equipment (Truck Mixers, Concrete Pumps, Batching Plant & Others), By Type (Batching & Placing), By Capacity (150-300 m³/h, 10-20 m³/h, 60-150 m³/h, 20-60 m³/h & 0-10 m³/h), Competition, Forecast & Opportunities, 2014-2024

The Indian concrete equipment market is projected to cross $ 1,300 million by 2024, exhibiting a CAGR of 13% on account of anticipated growth in construction industry, increasing foreign investments, and rising number of smart city projects in the country. On the basis of value, batching plant segment is the largest segment in the Indian concrete equipment market. The growth of the segment is led by growing customer preference for high capacity and technologically advanced batching plant. Moreover, factors such as increasing number of construction projects, shorter completion time, and the demand for customized solutions by end-users are further fuelling growth of this segment.

Government initiatives towards infrastructure development is further boosting the demand for concrete equipment in India. Some of the construction projects in the country include Smart City Mission, AMRUT, the Atal Mission for Rejuvenation of Urban Transformation, Metro Rail in urban areas, Bharatmala, and Sagarmala, among others. In addition, government is also supporting the Indian concrete equipment market by liberalizing taxation policies for the construction industry such as GST and custom duty. In 2018, the government of India reduced the GST on concrete equipment from 28% to 18%, which will help the concrete equipment manufacturers to reduce the overall cost of equipment and other operational losses.

Years considered for this report:

• Historical Years: 2014 – 2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020 – 2024

Objective of the Study:

• To study the Indian concrete equipment market scenario, which covers truck mixers, batching plants, concrete pumps, and others.
• To analyze and forecast the market size of the Indian concrete equipment market.
• To classify and forecast the Indian concrete equipment market on the basis equipment type, equipment, capacity, region and company.
• To identify drivers and challenges for the Indian concrete equipment market.
• To identify the market trends & developments for the Indian concrete equipment market.

Some of the major players operating in the Indian concrete equipment market are: Schwing Stetter (India) Ltd., Putzmeister India Pvt. Ltd., Universal Construction Machinery & Equipment Ltd, KYB Conmat Pvt. Ltd. and many more.

In order to perform the study, conducted primary as well as exhaustive secondary research. Initially, the author prepared an exhaustive list of the Indian concrete equipment companies. Subsequently, conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, the author was able to include companies which could not be identified due to the limitations of secondary research.

The author calculated the market size for the Indian concrete equipment market by using a bottom-up and top-down approach, wherein the Indian concrete equipment companies’ revenue for different equipment (Transit Mixer, Batching Plants, Concrete Pump and Others) was recorded as well as forecast for the future years. they sourced these values from the industry experts and company representatives, and externally validated by analyzing historical data of respective concrete equipment companies to arrive at the overall market size. Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed.

Key Target Audience:

• Concrete equipment companies, manufacturers and dealers
• End-users of concrete equipment market
• Government and financial institutions
• Technology investors and research Institutes
• Associations, organizations, forums and alliances related to concrete equipment market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as concrete equipment companies, distributors and policy makers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, the Indian concrete equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

By Equipment

• Truck Mixer
• Concrete Pump
• Batching Plant
• Others

By Type

• Batching
• Placing

By Capacity

• 0-10 m3/h
• 10-20 m3/h
• 20-60 m3/h
• 60-150 m3/h
• 150-300 m3/h

By Region

• East
• West
• North
• South

Competitive Landscape
Company Profiles: Detailed analysis of the major companies operating in the Indian concrete equipment market.

Available Customizations:
With the given market data, the author offers customizations according to the client's specific needs.