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

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.

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.

Click here to download the brochure

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, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of India concrete equipment companies. Subsequently, TechSci 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, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.

TechSci 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. TechSci 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 TechSci Research.

• 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 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, India concrete equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         By Equipment

o    Truck Mixer

o    Concrete Pump

o    Batching Plant

o    Others

·         By Type

o    Batching

o    Placing

·         By Capacity

o    0-10 m³/h

o    10-20 m³/h

o    20-60 m³/h

o    60-150 m³/h

o    150-300 m³/h

·         By Region

o    East

o    West

o    North

o    South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India concrete equipment market.

Available Customizations: With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information: Detailed analysis and profiling of additional market players (up to five).