Pick and Carry (PNC) Crane Market in India 2015-2019
About Pick and Carry Crane
A pick and carry crane is a type of material handling equipment and is meant to lift, shift, and place loads from one point to another. The efficiency of a pick and carry crane lies on the amount of load it can carry. Different technologies such as CAT and ZF determine the quality of a pick and carry crane. It is the most widely used material handling equipment in India.
TechNavio's analysts forecast the Pick and Carry Crane market in India to grow at a CAGR of 18.50 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Pick and Carry Crane market in India for the period 2015-2019. To calculate the market size, the report considers revenue generated by individual companies offering pick and carry crane in India.
TechNavio's report, the Pick and Carry Crane Market in India, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Pick and Carry Crane market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – PNC Crane Market in India 2015-2019
TechNavio recognizes the following companies as the key players in the PNC Crane Market in India: Action Construction Equipment Ltd., Escorts Group, JC Bamford Excavators Ltd. and Voltas Ltd.
Other Prominent Vendors in the market are: Drillcon Private, Hercules Cranes, Indo Farm Equipment, Omega Construction Equipment, Shakti Mining Equipments and Yagyapriyaa Construction
Commenting on the report, an analyst from TechNavio’s team said: “One key trend being witnessed in this market is the rise in public private partnership. The government is easing regulations and developing specialized mechanisms to promote the PPP model to achieve its investment targets. Material handling equipment is delicensed by the government.”
According to the report, the increased demand for high-capacity cranes is one of the major drivers of this market. Currently, the PNC Crane market is dominated by the 15-tons capacity cranes. Sectors such as Infrastructure, Industrial, and Manufacturing are expected to increase the demand for higher capacity cranes primarily at their factory warehouses for stocking and movement of goods.
Further, the report states that potential competition from alternative cranes is one of the key challenges that the market faces. RT cranes are expected to gain a substantial market share in the coming years. The unique selling proposition of RT cranes mainly lies with their lift capacity, which ranges from 20 to 100 tons on the higher side.
ACE, ECEL, JCB, Voltas , Drillcon , Hercules Cranes , Indo Farm Equipment, Omega Construction Equipment , Shakti Mining Equipments, Yagyapriyaa Construction India
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