Clearance of mining and construction (road building and real estate) projects in recent years have led the earth moving segment to occupy a major share of the construction equipment market, followed by concrete equipment, and material handling equipment. Insights on segments based on equipment type: Backhoe loaders, crawler excavators, mobile compressors, mobile cranes, compaction equipment, wheeled loaders, and crawler dozers are the most common construction equipment used in India. Among these, backhoe loaders had the highest market share in 2018, mainly due to its versatile applications.
Market trends: The Ministry of Road Transport and Highways has implemented its âValue Engineering Programâ, which directs constructors to use innovative technologies, materials, and equipment that can reduce the overall project cost and adverse effect on the environment. Market drivers: The Indian government has recently invested in the infrastructure sector. Substantial investment in the development of infrastructure in India is supposed to increase the demand for different kinds of construction equipment.
The real estate market in India is expected to expand at a CAGR of 11.54%, to reach a value of INR 12,0104.2 Bn by 2020, from INR 7004.34 Bn in 2015. The demand for construction equipment is increasing considerably in India due to the growth of the real estate market. Market challenges: Stringent regulations, along with increasing environmental concerns delay approvals for real estate projects in India.
This, in turn, increases the overall budget of projects while slowing down the processes. Heavy equipment is rented and lie unused for months. As a result, in India, the revenue of the construction equipment market is limited.
The secondary market for used construction equipment is yet to develop. This prevents the resale of equipment, which in turn reduces the overall revenue of the secondary construction equipment market. Companies covered: 1. Action Construction Equipment Ltd. 2. Bharat Earth Movers Ltd. 3. Escorts Ltd. 4. Gujarat Apollo Industries Ltd. 5. Hercules Hoists Ltd. 6. JCB India Pvt. Ltd. 7. L&T Construction & Mining Machinery 8. Triton Valves Ltd. 9. Universal Construction Machinery and Equipment 10.
Volvo Construction Equipment IndiaCategory: Industrial Goods and MachineryContact Details:Aarkstore Enterprise 24/7 Online Support: 91 9987295242 | contact@aarkstore.com
·RELATED QUESTION
What is a construction hoist?
A Construction hoist is usually a Crane that you can vice and bolt to the scaffolding or the building. It is used usually to pass materials from one man to the next or from the ground to a higher floor. I'm sure you've seen persons on Scaffolds pushing along something that looks heavy. Lumberjacks have similar with Claws that grab the logs. It makes the weight move easier On Site. That's the purpose of the construction hoist. Some can even suspend over a ton of materials. They make the day go easier because rather than bust a groin moving 25 tons of materials over 12 hours or less, you hoist it up, and it is right there at your arm's reach. âYeah! No more Pianos getting stuck in the Elevatorâ, said the piano deliveryman. In fact last year, they were changing a Rooftop Mounted Logo at Bank of America in center city Tampa. They were mounting a 3 ton (or heavier) brass eagle. They attached the hoist, hit a button, and voila it was scaling the side of the building. I did not watch the entire as I had other tasks to do, but it was fun to watch it while I could. Though I adore Eagles, I admit I was mostly really only watching to see if a dumbass might have tried to make away with this Huge Brass Eagle, so I could take a picture, and add a caption: Only in Florida. ð
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