Today: November 30, 2015, 7:54 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
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

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.