Excavator
In 2022, the market for hydraulic excavators may touch 25,000 units
Last year, the excavator market touched 18,000 units. The start of last year was good. Later on the numbers dipped due to Covid-19 pandemic. However from September onwards, the market picked up.
We expect the demand to grow for hydraulic excavators
Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro
With infra plans in place, there will be continuous growth for hydraulic excavators
Initially during first quarter of FY2021 there was decline in sales of hydraulic excavators due to pandemic. During second quarter the sales have improved and subsequently, during third and fourth quarter the sales of crawler excavators has picked up and ended with a total sales growth of 8 per cent compared to previous FY2020.
We expect the market for hydraulic excavators to grow by 20%
The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.
Digging deeper
The government’s various initiatives on revival of the infrastructure sector and favourable policies have driven the growth of Indian hydraulic excavator market.
We are well placed to take advantage of opportunities that India offers
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SKF designs BPH30 pump for lubrication systems
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