Evaluating the Emerging Demand for Construction Equipment in India by 2024-2025

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Construction Equipment Market in India
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Summary
India's GDP has started showing signs of
recovery, the government recently announced that
India's Gross Domestic Product has grown from
7.2 in the December 2015 quarter to 7.9 in the
March 2016 quarter. Public spending in
Infrastructure sector has started showing results
and the GDP numbers indicates that the economy is
beginning to turn for good. Softer crude oil
prices has helped the government to save precious
dollars and the same been utilized in creating
infrastructure across roads, highways, ports etc.
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Due prolonged period of slump in the construction
sector, demand for construction equipment has
witnessed complete collapse between 2011 till
2015. While the recovery to peak demand is still
few notches away, but sees that a faster
recovery than anticipated could surprise on an
all. Recent number of LT, the construction
conglomerate, seems to be suggesting that the
intent announced by Government is getting
fructified and the outlook seems quite robust.
Some of the marquee investment plans as announced
by the Government of India and that promises
upswing in demand for construction equipment are
as below Total budgetary provision made for
FY17 Rs. 97,000 crore Target to build 41 km of
highways a day
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Indian Railways Vision 2020 proposes to add
2025,000 kms of New Lines by 2020 at an estimated
cost of investment of roughly Rs.14,00,000 crore
Total budgetary provision made for FY17
Rs.121000.00 Crores India plans to increase its
capacity of ports to 1.6 billion tons over the
next five years Budgetary allocation for FY17
Rs. 4183.14 cr. for development of Indian
Shipping, Ports, Inland Waterway Sector and
Sagarmala Project. Need to build 50 new airports
at an investment of 40 bn in the next 10-15
years Long-term Irrigation Fund will be created
in NABARD with an initial corpus of about Rs.
20,000 crore
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Table of content

• Executive Summary
• Research Approach Methodology
• Construction Equipment market application
  landscape
• Construction Activity in India - Key Trends
• Key market trends
• Market for construction equipment market in
  FY2016-17
• Assessing construction equipment usage norms for
  different industries
• Assessing procurement norms - lease vs own
• Key demand growth drivers Mapping different
  announced, planned upcoming Infrastructure
  projects

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Full Report
Construction Equipment Market in India
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