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Navigating the Road Ahead
The market for sensor pavers is expected to grow at 7-8 per cent CAGR over five years.
No Bumps in the Road
India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.
Smooth road ahead!
Roads and highways sector is considered to be the most vibrant infrastructure segment where a lot of activities ongoing consistently for a long time.
Paving the way
The Indian market has a presence of technologically-advanced pavers with the presence of many national and international manufacturers.
Demand on the rise
The market is moving from mechanical to sensor pavers and the industry estimates the total market for sensor pavers to be more than 300 units per annum.
Paving to Perfection
The projects planned in roads, highways and expressways under the National Infrastructure Pipeline for the next five years will drive the demand for pavers during the period.
New paving technologies
Paver market in India is picking up with the growing road construction projects. Both asphalt and concrete paver markets see positive growth in the coming years.
Paving to perfection
Asphalt paver market is likely to flourish in the coming years as more rural roads and highways are in the offing. The Budget 2018-19 has major focus on extension of 3.17 lakh km of rural roads which are largely asphalt roads.
Paving a Growth Path
While the paver market is gearing up for phenomenal growth, sensor pavers are expected to have a smooth ride due to the demand for quality roads in the future.
The new norms
Lok Sabha has passed the GST Bill, clearing the deck for its smooth rollout from this July. Termed as independent India?s biggest reform initiative, the GST Bill is expected to bring together the entire nation on a single platform of taxation.
Paving on a High
Asphalt paver was developed by Barbar Green Co that originally manufactured material handling systems. In 1929, the Chicago Testing Laboratory approached them to use their material loaders to construct asphalt roads.
Road 2 recovery
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
Hot Mix Technology: On Solid Ground
The current challenges in hot mix asphalt pavement-making in India is to manage sustainability, conserve energy and natural resources, eliminate waste yet achieve a pavement quality with competitive cost per unit length.
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