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Unleashing the hidden potential

The undercarriage parts market in India is expected to continue growing due to ongoing infrastructure projects, and the demand for reliable heavy machinery.

What’s driving the demand?

Increasing demand for novel construction equipment is expected to drive the global undercarriage components market in the upcoming years.

Opportunities galore

The construction industry across the globe is anticipated to present significant opportunities for construction equipment.

OTR tyre market has bright prospect

India OTR tyre market stood at 11.2 million units in 2021 and forecasted to reach 15 million units by 2023. The market is likely to grow at a CAGR of 9.05 per cent in volume terms.

New Avenues to Growth

The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.

FAST-TRACKING PERFORMANCE

The construction equipment market in India has become a front-runner in the global market space in the past few years.

Undercarriage Parts

Undercarriages and parts in crawler- or track-mounted equipment play important role in the mobility of the whole equipment and its uptime. Undercarriage parts are small and simple, but when all put together, support the entire track system.

Lubricants market in India is getting more lucrative

The expected robust demand for construction equipment and machinery is going to generate a concomitant demand for industrial and construction machinery lubricants in India. Akhil Jha, Chief Technology Officer, Shell Lubricants India, explains more on the new trends and product innovations in lubricants.

India is a key growth market for Valmova.

At Danfoss, we have the top technology for valves. With this bottomline, the business unit named Valmova which is fully owned by Danfoss, intends to promote technology at more affordable prices and that is why Valmova is specialised in the emerging markets, says Sanjay Bakle, General Manager, Danfoss India. Excerpts from the interview.

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