The Indian construction equipment sector had an estimated market size of approximately US$ 3.8 billion, as of year 2011. This industry has been growing due to large scale investments made by the government and the private sector in infrastructure development. Though the Indian construction equipment sector is a fraction of the global market, which has a size of about US$ 75 billion, it has been registering an impressive average growth of 18% annually since 2006-2010, compared to the global sector growth of 5%. With India as one of the top ten markets for construction equipment, firms are strengthening their existing operations to cater to the growing domestic demand.
In terms of size, the earth moving equipment segment constitutes the largest, accounting for nearly 57% of the sector. The material-handling sector is the next largest accounting for close to 25%. The construction equipment and vehicle sector accounts for the balance. As the engineering units in and around Trichy already have the skill set and machinery for manufacturing components and the assembly of such construction machinery, diversifying into this area would ensure greater sustainability of business. Moreover proximity to a Port improves the chances of attracting export-oriented units to Trichy
FABRICATION @ TRICHY
The Fabrication and Heavy Engineering industry are a major success stories that Trichy can reckon with ...