Indian Construction Equipment Market to reach USD 12.4 Bn by 2029, Technological Advancements and Growth Opportunities

Pune 04, May 2023: The Indian Construction Equipment Market was valued at USD 6.66 Bn in 2021, and it is estimated to reach a value of USD 12.4 Bn in 2029, growing at a CAGR of 8.9 percent over the forecast period.

Indian Construction Equipment Market Report Scope and Research Methodology

The report provides an overview of the Indian Construction Equipment Market and explores its segments, including type, end-user, and region. The report includes data provided by market participants and covers regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report offers a thorough analysis of the rapid advances taking place across all industry sectors, with key data analysis for the historical period from 2017 to 2020. The report investigates the India Construction Equipment Market's drivers, limitations, prospects, and barriers.

The research methodology includes using 2021 as a base year to forecast the market from 2022 to 2029. The past five years' trends are considered while forecasting the market through 2029. The report analyzes the impact of the pandemic, especially with the impact of lockdown by region.

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Indian Construction Equipment Market Dynamics

The report highlights the biggest trends in the Indian Construction Equipment Market, such as the major demand for Indian construction equipment driven by the infrastructure sector. Additionally, there is an increasing need for improved infrastructure across Asia Pacific countries, including China, India, and South Asia. The report also shows how the U.S. government's significant investments in the construction of roads, railway tracks, airports, and other infrastructure necessitate the employment of excavators, loaders, and other heavy equipment, with major importing from Indian Construction Equipment.

India is expected to rise as a key player in the CE sector by 2030, supported by the government's ambitious infrastructure development plans like National Bank for Financing Infrastructure and Development, National Monetization Pipeline, and Gatishakti. The rising construction spending across the globe is also expected to be one of the long-term factors driving sales in the market over the forecast period.

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Indian Construction Equipment Market Regional Insights

The Indian construction equipment (CE) industry reported sales growth of 23 percent for the third quarter of 2021-22 on a year-on-year basis, contributing to market growth. The growth in sales is due to the government's continuous push for infrastructure development in the country, aiding in the expansion of government infrastructure development projects and public-private partnerships for the construction of public infrastructure systems in countries such as the U.S., India, and China.

Indian Construction Equipment Market Segmentation

By Type:

• Earthmoving Equipment
• Material Handling Equipment
• Heavy Construction Vehicles

By End-User:

• Infrastructure
• Construction
• Mining
• Oil & Gas
• Manufacturing

By Application:

• Excavation & Demolition
• Heavy Lifting
• Tunneling
• Material Handling
• Recycling & Waste Management

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Indian Construction Equipment Market Key Competitors include:

• Caterpillar
• Komatsu
• Volvo Construction Equipment
• JCB
• XCMG
• SANY
• Hyundai Construction Equipment
• TATA
• Hitachi
• Liebherr
• Kobelco
• Zoomlion Heavy Industry Science & Technology
• L & T Construction & Mining Machinery
• Action Construction LTD

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Table of Content for Indian Construction Equipment Market

Global Indian Construction Equipment Market: Research Methodology

Global Indian Construction Equipment Market: Executive Summary

Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Indian Construction Equipment Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Indian Construction Equipment Market Segmentation

Global Market, by Type (2021-2029)
Global Market, by End-User (2021-2029)
Global Market, by Application (2021-2029)

Regional Indian Construction Equipment Market (2021-2029)

Regional Market, by Type (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Key Types:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, End-User and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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