Tracking Solution for Construction Equipment Fleet Owners
Press Release • Jul 10, 2014 16:30 IST
The Indian construction industry was estimated to be worth INR 30 Trillion in 2013, and is likely to touch the mark of INR 56 Trillion by the end of 2018, registering a CAGR of nearly 14% over the period cited. Many construction and infrastructure projects such as road and bridge building are located in remote regions where only satellite communication equipped GPS tracking systems are useful. It is the same scenario for mining operations in remote areas. Through GPS monitoring of construction equipment, fleet owners can track where and how the equipment is being used, giving better control of the equipment usage and productivity. One can immediately determine if equipment moves outside of a pre-defined area through a digital “geo- fence”. Location information also helps deploy equipment and workforce resources more efficiently.
With increasing fleet sizes, asset management becoming an issue, major contractors in India have started looking at tracking solutions in order to have maximum utilization of their construction fleet. Though it is still in nascent stage, the awareness is gradually increasing among large fleet owners.
The latest RNCOS study titled “Indian Construction Equipment Market Outlook 2018” is a comprehensive analysis of the industry reflecting the holistic market performance of top selling construction equipments in India, their individual market performance, current sales across regions and key states. The report studies the future demand of each of these equipments across the regions and states on the basis of upcoming construction projects in the key application verticals. Other highlights of the report include latest industry trends, challenges, Government policies and initiatives which need to be considered while devising business strategies. Descriptive profiling of key competitors reflects their business, product offerings, dealer -network and strength-weakness analysis.