| Product Code: ETC298824 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India mortar mixing equipment market import shipment experienced robust growth with a CAGR of 15.0% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, dropping by 19.9%. This indicates a slowdown in market expansion towards the end of the period, suggesting a potential stabilization or retraction in the market.
The India mortar mixing equipment market is expected to witness steady growth in the forecast period. Mortar mixing equipment is used in construction applications for efficiently mixing mortar and cementitious materials. The market`s growth is driven by the increasing demand for construction and infrastructure development in the country. The focus on quality and consistent construction practices is propelling the adoption of advanced and automated mortar mixing equipment. Moreover, the government`s initiatives to promote affordable housing and infrastructure projects are driving market growth. However, challenges related to the availability of skilled labor and the need for training and support services may impact market growth.
The India mortar mixing equipment market is poised for substantial growth, driven by several key drivers. One of the primary drivers is the increasing construction activities in the country, leading to a rising demand for mortar mixing equipment for construction projects. Moreover, the adoption of advanced and automated mortar mixing equipment is driving market growth. These machines offer higher efficiency, consistent mixing, and reduced labor requirements, contributing to improved construction productivity. Additionally, the increasing focus on construction quality and efficiency is driving the demand for specialized mortar mixing equipment that can handle various types of mortar mixes and deliver precise results.
The India mortar mixing equipment market is experiencing growth as the construction industry seeks efficient and automated solutions for mortar preparation and mixing. This market`s outlook is driven by factors such as the increasing demand for ready-mix mortars and construction chemicals, the growth of infrastructure and real estate projects, and the adoption of mortar mixing equipment for consistent and high-quality mortar production. Additionally, the development of mobile and portable mortar mixers and the rising focus on low dust and low noise mixing solutions are further contributing to market growth.
The India mortar mixing equipment market is experiencing growth as the construction industry adopts mechanized and efficient solutions for mortar preparation and application. This market`s outlook is driven by factors such as the increasing demand for mortar mixing equipment in residential and commercial construction, the growth of infrastructure and real estate projects, and the adoption of automated and mobile mortar mixing machines. Additionally, the rising focus on quality and consistency in construction materials and the development of mortar mixing equipment with improved mixing performance and reduced labor requirements are further contributing to market growth. The COVID-19 pandemic impacted the construction sector, leading to disruptions in construction activities and reduced investments in new equipment. However, as construction projects resume and the demand for construction materials rebounds, the market for mortar mixing equipment is expected to witness a rebound in demand.
The India mortar mixing equipment market is characterized by the presence of both international and domestic players. Major international companies like MAPEI India Pvt. Ltd., Putzmeister Concrete Machines Pvt. Ltd., and Larsen & Toubro Limited (L&T) are among the leading suppliers of mortar mixing equipment, offering a wide range of products for various construction and masonry applications. These companies have a strong global presence and are known for their innovative and efficient mortar mixing solutions. Moreover, domestic manufacturers like Akona Engineering Private Limited and SPEEDCRAFTS LIMITED also play a significant role in the market, providing cost-effective and localized mortar mixing equipment. These players often focus on customization and after-sales support to meet the specific needs of India customers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Mortar Mixing Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mortar Mixing Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Mortar Mixing Equipment Market - Industry Life Cycle |
3.4 India Mortar Mixing Equipment Market - Porter's Five Forces |
3.5 India Mortar Mixing Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Mortar Mixing Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Mortar Mixing Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in India |
4.2.2 Growing urbanization and industrialization leading to demand for construction activities |
4.2.3 Government initiatives promoting affordable housing and infrastructure development |
4.3 Market Restraints |
4.3.1 High initial investment cost for mortar mixing equipment |
4.3.2 Availability of low-cost manual labor impacting the adoption of automated equipment |
4.3.3 Fluctuating raw material prices affecting equipment manufacturing costs |
5 India Mortar Mixing Equipment Market Trends |
6 India Mortar Mixing Equipment Market, By Types |
6.1 India Mortar Mixing Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Mortar Mixing Equipment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Mortar Mixing Equipment Market Revenues & Volume, By Volume (2 Tons), 2021-2031F |
6.1.4 India Mortar Mixing Equipment Market Revenues & Volume, By Volume (3 Tons), 2021-2031F |
6.1.5 India Mortar Mixing Equipment Market Revenues & Volume, By Other, 2021-2031F |
6.2 India Mortar Mixing Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Mortar Mixing Equipment Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 India Mortar Mixing Equipment Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 India Mortar Mixing Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
7 India Mortar Mixing Equipment Market Import-Export Trade Statistics |
7.1 India Mortar Mixing Equipment Market Export to Major Countries |
7.2 India Mortar Mixing Equipment Market Imports from Major Countries |
8 India Mortar Mixing Equipment Market Key Performance Indicators |
8.1 Average utilization rate of mortar mixing equipment |
8.2 Rate of adoption of advanced mortar mixing technologies |
8.3 Number of infrastructure projects awarded or in progress in India |
8.4 Efficiency and productivity improvements achieved with the use of mortar mixing equipment |
8.5 Environmental impact reduction achieved through the use of modern mortar mixing equipment |
9 India Mortar Mixing Equipment Market - Opportunity Assessment |
9.1 India Mortar Mixing Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Mortar Mixing Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Mortar Mixing Equipment Market - Competitive Landscape |
10.1 India Mortar Mixing Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Mortar Mixing Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |