Today: September 30, 2016, 3:33 pm

India engineering goods market: 15.4% CAGR growth forecast between 2012-55
Engineering Goods Market In India 2012-2016 - a new market research report on 2014-03-31 00:10:01
The India engineering goods market is to grow at a CAGR of 15.42 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth of end-user industries. The Engineering Goods market in India has also been witnessing recent technological advancements. However, the lack of skilled workforce could pose a challenge to the growth of this market.

One of the major trends in the Engineering Goods market in India is the increase in technological advancements. Many vendors have come up with advanced technologies in the course of producing engineering goods. The increased productivity and the reduced cost of production have made this trend popular among many of the vendors across the country. Even though this trend is in its nascent stage, it is expected to gain popularity and acceptance among the vendors within a few years.

One of the major drivers in the market is the growth of the end-user industries. The growth of end-user industries such as Power, Infrastructure, and Manufacturing has increased the demand for engineering goods in India.

One of the major challenges in the market is the lack of a skilled workforce, as this is an integral part of the Engineering Goods market in India.

The key vendors dominating this market space are ABB Ltd., Caterpillar Inc., Gildemeister AG, Komatsu Ltd., L&T Ltd., Kirloskar Brothers Ltd. And, Siemens AG. Other vendors are Alstom T&D India Ltd., BEML Ltd., BHEL, Crompton Greaves Ltd., Deere and Co., EMCO Ltd., Godrej Group, Ingersoll Rand Inc., L&T Ltd., Powerica Ltd., Tata Hitachi Construction Machinery Co. Ltd and, Vijai Electricals Ltd.

Click for report details: ..

Browse all Industrial Market Research Reports ..

Browse all Industrial Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 471 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.