Research and Markets: Material Handling Equipment Market in India 2011-2015: Challenges Faced is High Cost of Material Handling Equipment
Research and Markets (http://www.researchandmarkets.com/research/tdhn2w/material_handling) has announced the addition of the "Material Handling Equipment Market in India 2011-2015" report to their offering.
TechNavio's analysts forecast the Material Handling Equipment market in India to grow at a CAGR of 15.62 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increased industrialization across the states in India. The Material Handling Equipment market in India has also been witnessing the incorporation of electronic intelligence. However, the lack of restrictions on imports of used equipment could pose a challenge to the growth of this market.
The key vendors dominating this market space are Action Construction Equipment Ltd, Godrej and Boyce Mfg. Co. Ltd, and Mcnally Bharat Energy Co.
The other vendors mentioned in the report are Mukand Ltd., Escorts Ltd., Ahluwalia Contracts [India] Ltd., Saico Engineers and Fabricators Ltd., Elecon Engineering Co, ElectroMech Material Handling Systems (India) Pvt. Ltd., Voltas Ltd., TELCON Construction Solutions, Tractors India Ltd., Escorts Construction Equipment Ltd., and Potain India Pvt. Ltd.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''One of the major trends in this market is the incorporation of electronic intelligence in material handling equipment. Therefore, the future of the Material Handling Equipment market in India looks promising, with many innovative and efficient products being introduced by material handling equipment vendors.''
According to the report, one of the main drivers is the increase in industrialization across the states in India. There is an increase in investments in industries across India by both domestic and international companies, driving the demand for material handling equipment.
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