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Construction and Mining Equipment Market in India Poised to Experience Demand of Over 160 Thousand Units by 2018

Total demand for select construction and mining equipment market in India was found to be 105,811 units in FY2013. The market for new C&ME is likely to grow at a CAGR of 9.6% to 166,876 units in FY2018. Large allocations by government to public projects such as NHDP, Metro, and BRTS in India and strong emphasis on construction and real estate is likely to push demand for the construction and mining equipment. Government projects would account for 80% of the total demand. Mega projects and infrastructure development will fuel the demand for construction machinery and is expected to lead to a general shift towards higher-tonnage segments, e.g. Dumpers to shift from 50-100T to 100-150T segment.

Executive Summary—Key Findings for Construction and Mining Equipment Market
1 Total demand for select construction and mining equipment (C&ME) market in India was found to be units in FY2013. The market for new C&ME is likely to grow at a CAGR of % to units in FY2018
2 Large allocation by government to public projects such as National Highway Development Project (NHDP), Metro and Bus Rapid Transport System (BRTS) in India and strong emphasis on construction and real estate are likely to push the demand for Construction and mining equipment. Government projects to account for % of the total demand
3 Dominance of foreign OEMs is likely to continue in the future as well. The top five OEMs—Caterpillar, L&T Komatsu, JCB, Tata Hitachi and BEML account for % of all units shipped in FY2013
4 Mega projects and infrastructure development will fuel the demand for construction machinery and is expected to lead to a general shift towards higher-tonnage segments, for instance, Dumpers would shift from-T to -T segment
5 With global OEMs setting up local manufacturing facilities, India is expected to become an export hub primarily for Asia and Africa. For instance, JCB is opening up new export market for backhoe loaders and excavators in South East Asia, Middle East and Africa
6 Due to absence of proper fuel emission standards, the region is likely to witness delay in introduction of key vehicle engine technology compared to European and American standards

Executive Summary—SWOT Analysis
Technology for higher-tonnage equipment is not easily available in India, majority of the components need to be imported.
C&ME Market: SWOT Analysis, India, FY2013

OPPORTUNITY
-Large investment in construction, infrastructure (NHDP, BTRS) and mining sectors
-High demand forecast
-Localized products with competitive pricing can penetrate market with ease
-Large number of NHDP projects (~40%) yet to be allocated
-Mechanization of road-maintenance activities will boost demand
-Increasing real estate development and high-rise apartments (>6 floors) in urban areas
THREAT
-Inadequate availability of trained operators
-High dependence on mega projects
-Technologically-superior, truck-mounted cranes are a threat to pick & carry cranes owing to better quality
-Shutting down of mines due to environmental concerns
-No medium/small-level customers for heavy equipment
-Entry of Chinese competitors with low-cost products
WEAKNESS
-Capital-intensive product
-Technology for higher-tonnage equipment not available easily in India, majority of the components need to be imported
-Higher lifecycle of product leading to lesser need for frequent replacement
-Well-established competition with wide service networks leading to high entry barrier
-Pick & Carry cranes by Indian manufacturers are seen as poor in quality by customers
-High dependence on Government financed projects
-Localized and temporary demand for concrete equipment, which fluctuates greatly with need
STRENGTH
-High revenue-generating products
-Must-have for all construction and mining projects
-High resale value for established brands
-Versatile equipment (backhoe loaders, skid steer loaders) generate high demand from different sectors
-Use of specialized equipment (excavators, pipe layers) gaining acceptance among contractors due to higher efficiency and lower turnaround times
-Legal mandate for contractors to have road-laying equipment at hand for bidding on projects
-Need to move concrete over long distances efficiently

Table Of Contents

Strategic Outlook for Construction and Mining Equipment Market in India
1. EXECUTIVE SUMMARY

Executive Summary
Executive Summary—Key Findings for Construction and Mining Equipment Market
Construction and Mining Equipment Segmentation
Executive Summary—Construction and Mining Equipment Market
Construction and Mining Equipment Market—Market Breakdown by Segment
Executive Summary—Construction and Mining Equipment Market
Executive Summary—Construction and Mining Equipment Market (continued)
Total Construction and Mining Equipment Sales across India
Executive Summary—SWOT Analysis
Executive Summary—India Construction and Mining Equipment Market Forecast
Executive Summary—Competitive Positioning of Key Industry Players
Executive Summary—OEM Sales Performance 2013
Executive Summary—Average Power Range
Competitive Landscape—Earth Moving Equipment
Competitive Landscape—Earth Moving Equipment
Competitive Landscape—Construction Equipment
Competitive Landscape—Road Construction and Concrete Equipment
Key Insights on Competition
Executive Summary—Best-Selling Backhoe Loader Case Study
Executive Summary—JCB
Executive Summary—Best-Selling Dumper Case Study
Executive Summary—BEML
Executive Summary—Key Conclusions and Future Outlook

2. RESEARCH SCOPE, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Key Questions This Study Will Answer
Research Background
Research Methodology
Key OEMs Compared in this Study

3. DEFINITIONS AND SEGMENTATION

Definitions and Segmentation
Construction and Mining Equipment Segmentation
Segment Definitions

4. MARKET OVERVIEW

Market Overview
Market and Technology Trend

5. INFRASTRUCTURE DEVELOPMENT

Infrastructure Development
India Infrastructure Investment Trends (2007-2017)
Mega Connection: India to See 8 Mega Corridors by 2021
Satellite Towns: India to Have 70 Satellite Towns by 2020
Construction Industry Investment of $340 Billion during the 12th Five Year Plan (2012-2017)
Heavy Investment in Public Transportation Facilities by 2020

6. ROAD DEVELOPMENT

Road Development
Road Infrastructure in India
Road Infrastructure Development Plan
Bus Rapid Transport System Infrastructure Development

7. RAILWAYS DEVELOPMENT

Railways Development
Major Investment
Metro Rail Planned in Various Cities

8. PORT DEVELOPMENT

Port Development
Traffic and Capacity Growth at Major Ports
Increase in Port Traffic

9. MINING DEVELOPMENT

Mining Development
Mining Industry India: Overview

10. EXTERNAL CHALLENGES: DRIVERS AND RESTRAINTS—CandME MARKET

External Challenges: Drivers and Restraints—CandME Market
Drivers and Restraints : Construction and Mining Vehicles Market in India
Construction and Mining Equipment Market Drivers
Drivers Explained
Construction and Mining Equipment Market Restraints
Restraints Explained

11. FORECASTS AND TRENDS—CandME MARKET

Forecasts and Trends—CandME Market
Market Engineering Measurements
Construction and Mining Equipment Market—Unit ShipmentScenario Analysis
Forecast Scenario Assumptions up to FY2018
Construction and Mining Equipment Market—Total Market Forecast
Unit Shipment Forecast Discussion
Construction and Mining Equipment Market—Market Breakdown by OEMs
Market Breakdown by OEMs Discussion
Total Construction and Mining Equipment Market—Market Breakdown by Segment
Market Breakdown by Vehicle Segments Discussion

12. MARKET SHARE AND COMPETITIVE ANALYSIS—CandME MARKET

Market Share and Competitive Analysis—CandME Market
Competitive Environment
Competitive Analysis—Market Share

13. EARTH MOVING EQUIPMENT SEGMENT BREAKDOWN

Earth Moving Equipment Segment Breakdown
Earth Moving Equipment—Unit Shipment Forecast
Unit Shipment Forecast Discussion
Earth Moving Equipment Competitive Analysis: Supplier Market Share
Key Conclusions and Future Outlook

14. CONSTRUCTION EQUIPMENT SEGMENT BREAKDOWN

Construction Equipment Segment Breakdown
Construction Equipment Segment—Unit Shipment Forecast
Unit Shipment Forecast Discussion
Construction Equipment Competitive Analysis: Supplier Market Share
Key Conclusions and Future Outlook

15. ROAD CONSTRUCTION EQUIPMENT SEGMENT BREAKDOWN

Road Construction Equipment Segment Breakdown
Road Construction Equipment Segment—Unit Shipment Forecast
Unit Shipment Forecast Discussion
Road Construction Equipment Competitive Analysis: Supplier Market Share
Key Conclusions and Future Outlook

16. CONCRETE EQUIPMENT SEGMENT BREAKDOWN

Concrete Equipment Segment Breakdown
Concrete Equipment Segment—Unit Shipment Forecast
Unit Shipment Forecast Discussion
Concrete Equipment Competitive Analysis: Supplier Market Share
Key Conclusions and Future Outlook

17. CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
Construction and Mining Equipment— Future Outlook
Key Conclusions and Future Outlook
The Last Word—Three Big Predictions
Legal Disclaimer

18. APPENDIX

Appendix
Table of Acronyms Used
Market Engineering Methodology

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