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The market growth will definitely continue
As infrastructure and agriculture market continue to grow, demand for hydraulic motors is here to stay. Marc-Oliver Nagel, Sales Subsidiary Manager India, Poclain Hydraulics, shares more on the market and technology trends.
Craning for Opportunities
From a global perspective, the equipment rental industry in India is in its nascent stage. Currently, the average off take for rental is 7-8 per cent of the annual equipment production in India as against up to 80 per cent in developed countries like UK, South Korea and others.
Craning for Opportunities
Despite a prolonged dip in demand for the last three years the power sector, especially wind mills and renewed focus on infrastructure, and core sectors like cement and steel are expected to drive the demand for heavy duty cranes.