Press Release

India Concrete Equipment Market to Grow at CAGR of 13% During 2019-2024

Growing building construction projects and increasing government expenditure on infrastructure development in India to drive the country’s concrete equipment market through 2024

According to TechSci Research report, India Concrete Equipment Market By Equipment, By Type, By Capacity, Competition, Forecast & Opportunities, 2014-2024”, India concrete equipment market is projected to grow at a CAGR of 13% during 2019-2024, owing to high demand for concrete equipment in transit mixer segment. Moreover, demand for these equipment is expected to grow in newer segments such as commercial projects, mining, housing and agriculture, etc. Major projects such as construction of Chenab rail bridge, construction of flyover in length of 0.8 km at Jawaharlal Nehru Port, four laning of Piska More-Palma section in length of 23.1 km, Laying of 132 kV Likabali-Niglok, Likabali-Niglok, Rilo-Seijosa S/C lines including implementation of substations, etc., are in the pipeline. These projects would cumulatively support the demand for concrete equipment in the country during the forecast period.

Browse 2 market data Tables and 34 Figures spread through 89 Pages and an in-depth TOC on" India Concrete Equipment Market"

Schwing Stetter India Pvt. Ltd grabbed the highest satisfaction level among companies in product quality, technology, spare part availability, and price of concrete equipment market in India.  Schwing Stetter India Pvt. Ltd dominates India concrete equipment market and it is expected to lead the market during the forecast period as well, owing to continuing collaborations with construction and technology companies coupled with the company’s strong sales network across the country.

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Among equipment, truck mixers account for the largest volume share in India concrete equipment market, and the segment is expected to lead the market during forecast period as well, owing to its use across industrial/commercial set-ups, especially, for high rise building construction in the country. North is the dominating region in India concrete equipment market as a huge number of large-scale projects are being undertaken in the region.

 “Various upcoming infrastructure projects coupled with government expenditure towards public infrastructure and construction sector in the country are anticipated to boost India concrete equipment market during the forecast period. Moreover, favorable government policies regarding construction projects along with surging foreign investments in concrete equipment market, would further steer growth in the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Concrete Equipment Market By Equipment, By Type, By Capacity, Competition, Forecast & Opportunities, 2014-2024 has analyzed the potential of concrete equipment market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India concrete equipment market.

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