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.
Its so nice to see everyone working together for the greater good of the world. I'm glad these construction equipment rental companies are doing their part to help out.
ReplyDeleteA very informative and nicely written article indeed. I am working on excavating my lawn do give it a new look and need to rent an excavator, this has given me good insight on what to look for when I go to rent the excavator from the tool rental.
ReplyDeleteThanks :)
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ReplyDeleteOne of the leading advantages most likely, is that leasing does not require a lot of money to be put in because you only need to spend on the equipment as it's needed. By renting equipment, you even don't have to worry with regards to preservation that much that is why equipment rental is an efficient preference.
ReplyDeleteYou might find projects and jobs that can merely be accomplished by making use of certain heavy equipment. In the event wherein you only need an equipment once, then you need to lease it as opposed to purchasing a unit.
ReplyDelete