After-sales Services Boosting Construction Equipment Industry In India

Global mining and construction equipment companies receive above 15% of its revenue from spares and services, which strongly support their profitability and smoothens revenue volatility. As a result, manufacturers are enabled to competitively price their offerings and efficiently manage their product life cycles. However, in the Indian scenario, the situation is nowhere near the global trends. At present, spares and services contracts contribution to revenue is very low and its growth is also not very encouraging, which can largely be attributed to relatively small size of equipment and the availability of non-OEM spares.

However, as the economy is recovering, the Indian construction equipment industry is showing positive growth potential. Further, according to a recent research by RNCOS, Booming Construction Equipment Market in India, after-sales services associated with the construction equipment industry are showing stupendous growth ahead with various global and domestic companies already planning to acquire this untapped market.

Our research also approved high growth possibility in the equipment rental industry and financing market. Over the past few years, a comparatively, impressive growth results in small construction equipment rental market have been noticed. Various states in the country adopted initiatives to smoothen inter-state movement of equipments, which benefited rental companies the most. A number of rental companies collaborated with equipment suppliers for equipment maintenance.

Our report provides a profound research and rational analysis of the Indian construction equipment industry. It not only presents information and statistics related to all prominent market segments like earth moving and material handling, but also analyzes the historic, current, and upcoming trends in the market to provide balanced market intelligence of the industry. The report also shed light on the Indian rental equipment and the equipment financing markets.

Besides, the report provides industry forecast, based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, it depicts an unbiased picture of the Indian construction equipment industry which will prove decisive for the clients and help them devise sound investment strategy.

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