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The Indian Infrastructure Sector is Currently Going through a Vast Transformation with the Total Investment of the Road and Highway Construction Projects Estimated at $40bn over the Next 15 years.

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c24438) has announced the addition of Construction Machinery Industry in India to their offering.

The Indian infrastructure sector is currently going through a vast transformation. Even with the third-largest road network of 3 million kilometers crisscrossing the country, the automobile revolution has meant that the vehicle fleet on Indian roads has more than doubled from 21.3 million at the beginning of the 1990s to 48.4 million by the end of the decade.

The government has already embarked upon massive road construction projects, with the National Highway Development Program building the North-South and East-West Corridors and the Golden Quadrangle Project connecting major cities. Besides, the government's decision to throw open the construction of roads, bridges, airports and ports to the private sector and allowing 100% foreign investment in real estate projects has provided a boost to the construction industry as well as generate demand for construction machinery. Housing and infrastructure projects like roads, bridges and ports are expected to grow about 20% per annum for the next 15 years.

The total investment of the road and highway construction projects is estimated at $40bn over the next 15 years, of which 20% is expected to be in construction machinery. Simultaneously, the housing and real estate construction business is expected to involve another $40bn over the next 15 years, of which 5% will be in construction machinery. Hence, a total demand of $10bn of construction machinery is anticipated through 2020.

The present market for construction machinery is estimated at $1312.17mn, of which about 1% is imported. Both imports and domestic production is expected to grow at 20% and 30% respectively. The Indian construction machinery industry is undergoing a rapid transformation by moving from a low volume, intensive use of equipment structure to high volume, specific use one. The major segments of construction machinery that are expected to grow are excavators, loaders, dozers, dumpers and cranes.

The new and expanding housing and infrastructure construction ventures have generated substantial demand for construction machinery manufacturing and servicing, including erection, commissioning and maintenance. Several multinational firms are already present in the country. While the previous trend was to forge joint venture associations with Indian companies, more and more multinational companies are now entering the Indian market on their own strength.

The report is a detailed study of the segments of the construction machinery industry - equipment used for earthmoving, road and building construction and material handling. It profiles all the major manufacturers and importers of the estimated $1312.17 industry and discusses the competitive trends and patterns.

Companies included in the report:

-- Ashok Leyland

-- Atlas Copco (India)

-- B G Shirke Construction Equipment

-- Bharat Earthmovers

-- Caterpillar India

-- Escorts Construction Equipment

-- Ingersoll Rand India

-- JCB India

-- Larsen & Toubro

-- Metso Minerals

-- Punjab Tractors

-- Salgaocar Engineers

-- Schwing-Stetter India

-- Telco Construction Equipment

-- Terex Vectra Equipment

-- Voltas

-- Volvo Construction Equipment India

For more information visit http://www.researchandmarkets.com/reports/c24438
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Publication:Business Wire
Date:Sep 19, 2005
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