India Concrete Equipment Market Is Projected To Cross $ 1,300 Million By 2024

Market Reports on India Provides the Trending Market Research Report on “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” under Business Services category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

India 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 India 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 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 India concrete equipment market by liberalizing taxation policies for 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.

Request a free sample copy of Concrete Equipment Market Report @ http://www.marketreportsonindia.com/marketreports/sample/reports/1779442

India Concrete Equipment Market

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 India concrete equipment market scenario, which covers truck mixers, batching plants, concrete pumps, and others.
  • To analyze and forecast the market size of India concrete equipment market.
  • To classify and forecast India concrete equipment market on the basis equipment type, equipment, capacity, region and company.
  • To identify drivers and challenges for India concrete equipment market.
  • To identify market trends & developments for India concrete equipment market.
Some of the major players operating in India 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, Our Research conducted primary as well as exhaustive secondary research. Initially, Our Research prepared an exhaustive list of India concrete equipment companies. Subsequently, Our Research 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, Our Research was able to include companies which could not be identified due to the limitations of secondary research.

Our Research calculated the market size for India concrete equipment market by using a bottom-up and top-down approach, wherein India 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. Our Research sourced these values from 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 by Our Research.


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