India Mini Excavator market is anticipated to grow at a CAGR of around 12% during the forecast period 2015-2020 says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 07/10/2015 -- The Indian Mini Excavator Industry is expected to grow as excavating equipments are witnessing a spurt in advanced technology, enabling construction companies to have better margins on their investments. As technology continues to enhance the excavator industry, the manufacturers constantly develop and refine advanced technologies to help make their equipments more productive and efficient, thus simplifying the operators' management of equipment fleets and their operations. From advanced engine technologies to in-cab monitoring; from machine health management to fleet-wide information systems; advanced technologies are reshaping the processes of using and managing excavators. Considering the above factors, the Indian Mini Excavator industry is projected to grow at a CAGR of around 12% during the forecast period 2015-2020.
As per our analysis, the Indian Mini Excavator Market presently although at a emerging stage, is expected to gain momentum considerably well in the coming years, owing to the construction industry, which is the second largest economic activity in the country after agriculture, and has been growing rapidly. Rapid economic development in the country has led to the rise in the production of construction machinery in which earth moving construction equipment hold the excavator sector that occupies a major portion of the pie of the total equipment market since the past few years. Thus the technology therefore, will help users to conveniently utilize the equipments for construction works being done at small buildings, in turn will act as catalyst for the growth of the mini excavator market.
The report "Indian Mini Excavator Market Outlook 2020", by RNCOS provides an in-depth research and rational analysis of the current status and future growth prospects of the Mini Excavator Industry in the country. Our research includes study of the construction industry further bifurcated into real estate and infrastructure which is the major opportunity segment for the excavator market. It also includes, upcoming Infrastructural Projects and PPP in the country which would act as a driving factor for the Mini Excavator Market. Besides that, the report exhibits the emerging trends and drivers in country which are boosting the Mini Excavator industry in the country.
Additionally, our research also includes analysis of major technological developments of the mini excavator industry across the world coupled with their instances to support these advancements. Other than that, to provide a comprehensive view, the research also provides information about favorable government policies in the country.
Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Additionally, we have also covered the product portfolio, dealer's network and recent development of these players in the country. In all, the report presents a comprehensive look at the sector's past, present, and future scenario.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.