Following the outbreak of the Coronavirus (COVID-19) pandemic and subsequent lockdown restrictions weighed on the industry’s output last year, it experienced a contraction of 12.4% in 2020. Construction was among the significantly impacted industries due to it and sales of construction equipment also fell globally. But since June 2021, the employment-intensive construction industry has witnessed resumption in operations, albeit at a curtailed level.

Private sector is emerging as a key player across various infrastructure segments, ranging from roads and communications to power and airports.

In the Union Budget 2021, the government allocated Rs. 60,241 crore ($8.28 billion) for road works and Rs 57,350 crore ($7.88 billion) for the National Highways. It plans to construct 8,500-km road by March 2022. Add to this, rapid urbanisation leading to increased demand for housing projects. The increasing number of infrastructure projects and mega construction projects are anticipated to further fuel the demand for construction equipment, which is touted to be the backbone of this industry. In keeping with this projected demand, the global construction equipment market size is projected to reach $205.0 billion by 2025, from an estimated value of $169.3 billion in 2020, at a 3.9% CAGR.

Light a nd portable construction equipment’s “Powered by Honda” 4 Stroke GX engines, manufactured and marketed by Honda India Power Products (HIPP) are contributing significantly to the current industry need and powering the dreams of over five million customers, with a legacy of over 35 years of serving in India. Honda has been a market leader in successfully introducing its 4-Stroke technology powered GX Engines for construction equipment across the world. USP’s of Honda GX Engines are its portability, light weight construction, durability, and unmatched fuel efficiency so important for continuous and heavy-duty work requirements at any construction site. Honda GX Engine powered construction equipment like concrete mixer, concrete cutter, vibrator, soil compactor, surface leveller, etc. bring about a remarkable improvement in productivity as compared to the prevailing conventional machinery.

Our construction product portfolio includes:

Honda 4-Stroke Over Head Valve (OHV) Engine powered construction machines are very well accepted worldwide for various construction related activities. We have always been at the forefront of introducing latest technology in the Indian market and are ably supported by HRID (Honda Research and Industrial development) in identifying customer requirements and potential applications by regular market research on emerging trends and changing customer needs with rapidly changing business and work requirements.

It is an undisputed fact that infrastructure and construction hold the key to country’s fast-paced development. HIPP has been and will continue to stay committed to steer the country’s growth in the right direction and do our best to realise the vision of the Prime Minister for building an ‘Atmanirbhar Bharat’ by successfully ‘Making in India’ for our customers.

The article is authored by Gagan Pal, Vice President- Sales & Marketing, Honda India Power Produ