DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/x5ks76/analysis_of_the) has announced the addition of the "Analysis of the Indian Mechanical Electrical Plumbing (MEP) Services Market" report to their offering.
The private market insight talks about the MEP industry in India; estimates the market size, opportunity areas, drivers and restraints, key challenges, and success factors.
Key Industry Challenges
The market faces many challenges such as the ‘perfect competition’ business environment that exists in the Indian market for MEP services. Moreover, the economic instability in the country and the world further compounds the crisis. The key challenges being faced by the market participants are:
Price undercutting by category-B contractors: The market has hundreds of contractors who tend to shift sectors to compete on prices; the one with the lowest quote price is usually handed the contract. This is true for all the categories of contractors (A, B, C, D). Therefore customer relationship plays a significant role.
Customers tactics of playing one-against-the-other: Since most services offered by a contractor are indistinguishable from its competitor, customers find it easy to play one against the other in order to extract the best price possible. This also means that contractors need to communicate better with prospective clients to convey their value proposition rather than only focusing on the price.
Payment delays: The economic crisis has upset the normal growth trajectory of most sectors and real estate development is no exception. The payment cycles have been affected as they are deferred to a later date. This make is difficult for contractors to grow business, hire professionals, pay for material equipment and so on.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Drivers and Restraints Impacting MEP Services Market
4. Forecasts and Trends in Indian MEP Services Market
5. Value Chain and Role of Key Entities
8. The Company Story
For more information visit http://www.researchandmarkets.com/research/x5ks76/analysis_of_the
Source: Research and Markets