Breaking the barrier
Mining is another area where rock breakers find major applications. Though the global mining industry is on the decline, India is witnessing a reverse trend. There is a lot of momentum since last year due to opening up of iron ore mining and the government's plan to double the quantum of coal mining in the coming years. Rock breakers are sure to find increased applications in mining activities in the coming years.
Rock breakers are largely deployed as attachments with excavators, shovels, and backhoe loaders. With infrastructure projects taking off, especially in road and Metro segments, there is huge demand for the above mentioned equipment in the coming years. This will add to the demand for rock breakers as attachments to these equipment.
All these positive sentiments have collectively prompted major players in the rock breakers market to work on meeting the emerging demands from construction and mining segments. EQUIPMENT INDIA, through its Special Focus on Rock Breakers, is trying to bring to our readers the new optimism in the industry and the major developments in terms of products and new technology trends - with special focus on energy efficiency and productivity.
According to leading players of the industry, the market for rock breakers is around 4,000 units currently, which can reach around 4,600 units by the end of this year, and if everything goes well as per estimates, it can reach the range of 7,000-8,000 units in the next five years!
With the Budget 2016-17 around the corner, all the eyes are on the government to see the measures that will be taken. Construction and mining industries are in particular keen on the outcome of the Budget measures and are gearing up with their future course of action.
We surely live in exciting times. Stay with EQUIPMENT INDIA as we bring you the latest developments in this industry.