Indian Off-highway Equipment (OHE) Growth Opportunities

Indian Off-highway Equipment (OHE) Growth Opportunities

Assessment of Demand Potential and New Business Models

RELEASE DATE
19-Oct-2022
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: PD76-01-00-00-00
SKU: AU02399-SA-MR_26879
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Indian Off-highway Equipment (OHE) Growth Opportunities
Published on: 19-Oct-2022 | SKU: AU02399-SA-MR_26879

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The growth of online models will increase product-based or bundled cross selling across distributor Web stores, equipment dealer networks, B2B and B2C eCommerce Web pages, and mobile apps.
The increasing sale of aftermarket spares and lubricants through online marketplaces will also lead to the seamless sale of used equipment, with a win-win model for both buyers and sellers.

The evolving and competitive online business platform space has reduced gaps between buyers and sellers. B2B eCommerce and marketplace sites allow stakeholders to buy, rent, sell, auction, and perform various activities related to equipment sourcing. B2B online platforms are also used to buy, sell, and auction used construction equipment.

About 9% of machines are currently fitted with telematics on site to ascertain fuel efficiency, engine health, transmission, and machine performance and access information online.

Market participants are beginning to understand telematics' advantages, and the technology is set to capture the Indian market over the next 10 years. With the younger population looking for profitable earning options in urban India, the agriculture sector is experiencing a labor shortage, and farmers are trying to compensate with increased mechanization.

In addition, the increased productivity of machine-based processes is increasing the demand for off-highway equipment and agricultural tractors.

Author: Turab Ali Khan

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Off-highway Equipment Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Overview of the Indian OHE Market

Key Competitors

Scope of Analysis

Market Segmentation

GDP Growth Outlook

Urbanization and Mega Cities

Real Estate

Growth Drivers

Growth Restraints

Major Projects in Focus to Boost the Indian Economy

Enabling India’s Manufacturing Competitiveness through Logistics

Mining Market Overview

Mining Market Overview (continued)

Mining Market Overview (continued)

Road Construction Market Overview

Government Initiatives under NIP by 2025

Agriculture Sector Overview

Investment Projects in the Agriculture Sector

Off-highway Equipment Unit Sales

Earthmoving Equipment—Market Overview

Road Construction Equipment —Market Overview

Material-handling Equipment—Market Overview

Agricultural Tractors—Market Overview

OHE Alternate Fuel Powertrain—Working Principle

Electrification—Technology Roadmap

Hybrid and Electric Equipment Unit Sales and Equipment in Operation

Electric Tractors—Leading Manufacturers’ Product Development Trends

Connected Off-highway Equipment—Definitions

Telematics in Construction and Mining Equipment

Connected Off-highway Equipment—Features in Demand

Snapshot of Features OEMs are Offering

Snapshot of Features TSPs are Offering

Installed Base Forecast by Segment

Connected Off-highway Equipment Revenue Forecast

Business Models—Renting and Leasing

Rental Equipment Market Overview

Shift in End-user Perspectives Leading to New Business Models (Rental and Leasing of Machinery, for example)

Top Trend Area —Omnichannel: Online Channels to Market

Growth Metrics

Forecast Assumptions

Forecast Methodology

Off-highway Equipment Unit Sales Forecast

Earthmoving Equipment Unit Sales Forecast

Road Construction Equipment Unit Sales Forecast

Material-handling Equipment Unit Sales Forecast

Agriculture Tractor Unit Sales Forecast

Growth Opportunity 1—Surge in the Mechanization of Processes

Growth Opportunity 1—Surge in the Mechanization of Processes

Growth Opportunity 2—Demand for Rental and Leasing Models

Growth Opportunity 2—Demand for Rental and Leasing Models (continued)

Growth Opportunity 3—Proliferation of Telematics

Growth Opportunity 3—Proliferation of Telematics (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

The growth of online models will increase product-based or bundled cross selling across distributor Web stores, equipment dealer networks, B2B and B2C eCommerce Web pages, and mobile apps. The increasing sale of aftermarket spares and lubricants through online marketplaces will also lead to the seamless sale of used equipment, with a win-win model for both buyers and sellers. The evolving and competitive online business platform space has reduced gaps between buyers and sellers. B2B eCommerce and marketplace sites allow stakeholders to buy, rent, sell, auction, and perform various activities related to equipment sourcing. B2B online platforms are also used to buy, sell, and auction used construction equipment. About 9% of machines are currently fitted with telematics on site to ascertain fuel efficiency, engine health, transmission, and machine performance and access information online. Market participants are beginning to understand telematics' advantages, and the technology is set to capture the Indian market over the next 10 years. With the younger population looking for profitable earning options in urban India, the agriculture sector is experiencing a labor shortage, and farmers are trying to compensate with increased mechanization. In addition, the increased productivity of machine-based processes is increasing the demand for off-highway equipment and agricultural tractors. Author: Turab Ali Khan
More Information
Deliverable Type Market Research
Author Turab Ali Khan
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PD76-01-00-00-00