Indian Construction Machinery Sales Are Too Small Theoretically Larger Market Space
According to the International Competitiveness Report 2009-2010 released by the International Management Institute in Lausanne, Switzerland, India, infrastructure.
Chengdu (I-Newswire) January 31, 2013 - According to the International Competitiveness Report 2009-2010 released by the International Management Institute in Lausanne, Switzerland, India, infrastructure and ranked 76th in the world. Indian highway a long period of time, only the equivalent of China's provincial highway, the average speed is generally not more than 60 km / h, and truly closed the highway total length of just over two hundred kilometers. The Chinese reporter group once put into use in 2010, the Delhi Indira Gandhi International Airport suffered up to 3 hours of power outages, the instability of the power system in India is evident.
Fortunately, the Indian government has been aware of and committed to change this situation. According to India's "12th Five-Year Economic Plan (2012-2016), the next five years, India will focus on infrastructure construction, and the definition of" building "the power to drive the economic transformation. In India 12 years planning, just the next five years, the amount of investment in infrastructure construction in India is expected to reach $ 1 trillion, investment areas, including roads, railways, urban infrastructure, commercial and residential buildings, ports, electricity , water conservancy facilities, mining, petroleum, natural gas, and the airport.
Between 2012-2030 years, India has at least 10% of GDP into infrastructure construction. In addition, according to statistics, from 2007 to 2015, India put into the construction machinery market funds totaled $ 40 billion. This means that the next eight years, an annual increase of about 17% of the investment amount. Indian real estate sector is booming, and the improvement of household incomes and rapid urbanization, making India expand the middle class, the urbanization rate is expected to rise from 28% in 2001 to 40% in 2030.
The message on the construction machinery industry is a huge positive. Compared to the sluggish domestic market, the Indian market, but then the demand for construction machinery. And the weakness of the Indian construction machinery industry undoubtedly provides a tremendous opportunity for Chinese enterprises. It is understood that, in the present, although the rapid economic development of India, India domestic manufacturing engineering and construction equipment businesses, however, are unable to meet the requirements of emerging projects.
The new project requires equipment with advanced technology and higher load capacity, these devices India is mainly dependent on imports. It is understood that local India only 28% of the machinery to adapt to the domestic market and the Indian engineering and construction companies in the local purchase construction machinery needs at least two years to put into use, but only need six months to buy China's construction machinery to the site will be able to immediately put into use . Compared to products from other countries, another major competitive advantage in China's construction machinery products prices. India local practitioners so to speak "India's engineering and construction enterprises gradually abandon the purchase of engineering machinery in Germany, Japan, the United States and other major powers, China's construction machinery cheaper, can be put to use more quickly."
Although the data can be drawn India's vast demand for space construction machinery products. However, India's annual construction machinery and equipment sales 1.5 billion to $ 2 billion in sales allows Chinese companies to India market demand question. However, industry experts said that the Indian market is far compared to 10 years ago, however, and China has a lot of similarity India absolutely degrees can not be discounted, the same vast land area, is also a country with a large population, with BRIC. From the law of economic development, economic development, the Indian market immediately after with China in the next five to ten years will usher in the period of the outbreak of the construction machinery market demand. With the growth of the Indian economy, increased infrastructure investment, India will become the construction machinery market after China.
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Published On:January 31, 2013
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