Indian Equipment Analysis: Mini Excavators (March 2019)
Off-Highway Research's Equipment Analyses are a rigorous evaluation of the structure and development of demand for one product in the UK, France, Germany and Italy in the European Service, and in China and India.
Typical coverage includes:
|Construction activity||Market Shares||Market Size and Trends|
|Marketing and Distribution||Domestic Production||Population and End Users|
|Component Supply||Forecasts||Foreign Trade|
This report examines in detail the Indian market for mini excavators and is an update of the last Off-Highway Research study that was published in May 2017. Extraordinarily popular in the more established equipment markets, to date the mini excavator has found little favour in India. Demand has remained very limited but there are signs that sales will grow significantly as the market grows in maturity.
Mini excavators are compact hydraulic excavators with a maximum operating capacity of 6 tonnes, capable of being turned through 360 degrees. The machines may be mounted on tracks or wheels, but most of them are on rubber or steel tracks.
The findings presented are based on Off-Highway Research’s database, and information collected through a series of in-depth personal interviews conducted with the industry’s leading manufacturers and importers in January and February 2019.