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MYCRANE signs MOU with Equip9 at Excon

Equip9 is an AI-enabled start-up that has developed an app for everything related to heavy equipment.

Mycrane and Equip9 Join Forces to Drive Innovation in Crane Rental

Mycrane and Equip9 signed a Memorandum of Understanding at Excon

Mycrane and Equip9 Join Forces to Drive Innovation in Crane Rental

Mycrane and Equip9 signed a Memorandum of Understanding at Excon

The Rise of Equipment Rental

The equipment rental market in India is expected to continue its growth trajectory in the coming years, driven by factors such as increasing infrastructure development, rising construction activities, and growing demand for advanced equipment and machinery.

Rental industry preparing for a bright future

India has nearly $2300 million worth of construction equipment sold every year, out of which 7 to 8 per cent is sold to rental companies, writes Mukesh Sharma of Atlas Copco.

Towards a “Greener Future” together

Developing businesses are treating “sustainability” as the crucial goal of their method and operations to escalate growth and to compete in the global market.

Up-grading roads!

The road construction industry in India is undergoing a paradigm shift. Robust demand, higher investment and significant policy support in the road construction industry are driving the demand for motor graders in India.

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

What’s driving the demand?

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

Lifting up!

The hoist market is expected to grow at a CAGR of up to 7.3 per cent till 2025.

There is a surge in rental demand for AWP and MHE

Vishal Sharma, Business Partner, Reach International, speaks on the scenario of the rental market in the construction equipment segment

V Sharma of Reach: It is time to make the shift towards battery-operated machines

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

Eyeing new heights

The year 2021 gave numerous ups and downs for the construction equipment and equipment financing industries. When the year comes to an end, the sectors look forth towards infrastructure as the ‘Growth Puller’ for the period ahead.

Towering Ahead!

The rapid expansion of the real-estate sector and the emergence of high-end infrastructure projects are driving the demand for tower cranes.

infra demand boosts rental market

Rental is the future. Infrastructure stimulus measures and pent-up demand in the Indian market suggest growth ahead for equipment rental firms.

Major challenge is lack of standardisation of safety norms

Indiabulls Store One is leading rental equipment provide working on PAN India basis.

New Avenues to Growth

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

Tower Cranes in Tough Times

: The slowdown in real estate market has impacted the growth prospects of tower cranes this year. However, going ahead, demands from industrial infrastructure segment can drive the growth. Karan Chechi writes on the trend.

Hy-Brid Lifts expands sales network in US

Hy-Brid Lifts has partnered with three regional sales groups to better serve customers across the US. The three new partnering entities include CMT Equipment, HK Sales and MLA Construction Sales.

Hy-Brid Lifts expands sales network for better customer service across US

Hy-Brid Lifts, the industry leader in high-quality, low-level access equipment, has partnered with three regional sales groups to better serve customers across the US.

Global loader crane market to have steady growth in next 8 years

During 2018-2026, the global revenue of loader crane market is anticipated to expand at a steady CAGR of 4.6 per cent and reach a valuation of $2,083.6 million by the end of 2026, according to a report by Persistence Market Research.

We offer much more than just the live auctions

Ritchie Bros is one of the largest equipment platforms worldwide, transacting hundreds of thousands of items each year. Eduard Faig, Regional Sales Manager, Middle East, Africa and Asia Subcontinent, Ritchie Bros elaborates on the company's presence in the global market and its future plans for India.

UAE construction equipment rental market to grow in 2018-24

According to a 6Wresearch report, the UAE construction equipment (CE) rental market has registered substantial growth as a result of increasing construction activities as well as strengthening commercial, hospitality and residential sectors.

The big movers

Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

Mobile App for Equipment Rentals

An important truth of life is that it is constantly changing and evolving, and is difficult to keep a hold on it. But a right decision at the right time can turn your 'work in progress' to 'good to go'.

Mtandt Group plans to invest $100 million

The Mtandt Group announced investment of $100 million into setting up manufacturing facility and enhancing rental equipment inventory.

Mtandt Group plans to invest $100 mn

The Mtandt Group, pioneer in bringing aerial work platforms and portable roads in India, announced investment of $100 million into setting up manufacturing facility and enhancing rental equipment inventory.

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.

New Preventive Maintenance Protocol

Streamlined scissor lift care reduces, or even eliminates, procedures - saving time and money. Maintenance time and costs are reduced up to 20 per cent with a new consolidated maintenance protocol for Genie? GS?scissor lift models worldwide.

Essential for Road Building

Commitment towards infrastructural development and faster implementation of road projects to desired specifications are driving the growth of the motor grader market in India.

The GST Blockade

The Narendra Modi government?s several attempts to get the most sought-after tax reform are being thwarted by the Congress majority in the Rajya Sabha, under one guise or the other.

A One-stop-shop for Rentals

Want equipment on rent and are faced with limited, non-trustworthy options; Unhappy with the limited offline sources or non-curated online sources; Want to save capital, operator and maintenance cost by renting an equipment

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

Rental equipment will not find application in safe mining conditions.

Because of the Central government's ambitious coal mining target, we foresee good potential in the next few years in coal mining. Also, this ambitious coal production

Availability and utilisation achieved are key performance indicators for large mining equipment.

We have seen increase in enquires for large mining equipment segment in India in the last six months. Public Sector Units (PSUs) contribute to most of the increase in enquiry. From private miners, contractors or mine developer-operators (MDOs)

Concrete Paving to Flourish

Renewed thrust on building new concrete roads by Indian government spells a boom for concrete paving equipment industry in India. Most of the highway network in USA was built with concrete roads and some

Procurement Trend

The Indian construction equipment market is expected to grow at 12 per cent CAGR to $ 4 billion by 2017 P V Ramdev,. Along with this, the material handling and access equipment markets are also expecting some exponential growth.

Rolling On and On

The used roller market is expected for a demand pick up that structures itself majorly on a kickstart to the road construction projects, writes Samir Malhotra. The Indian used construction equipment market is largely populated

Saudi Arabia contributing rental market in GCC region

Growth in construction activities has emerged as the major driver for the demand for construction equipment in the GCC region.

Hiring sector to regain top position in rental equipment purchase

Many infrastructure projects were announced in 2013 and 2014 which got awarded to several Infra companies and contractors after competitive bidding. Quite a few of these however got stalled due to land acquisition issues, environmental clearances and ability to arrange funds.

Adding Momentum to Growth

A lot has changed for Gaurav Enterprises since the company started purchasing and renting Volvo construction equipment because of the superior technology Volvo machines provide.

Light at the End of the Tunnel

The slowdown in infrastructure development, a major driver for the construction equipment industry, had resulted in reduced demand in recent years. However, with a new stable government in place, infrastructure development is expected to be back on the fast track soon.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India

Toro enters CE sector

Toro Co, a leader in lawn mowers and golf course maintenance equipment, is moving full-bore into the construction segment, with a new line of machines in Toro's classic red, and bearing its name.

Toro enters CE sector

Toro Co, a leader in lawn mowers and golf course maintenance equipment, is moving full-bore into the construction segment, with a new line of machines in Toro's classic red, and bearing its name.

Toro forays into construction equipment sector

Bloomington-based (US) Toro Company, the king of lawn mowers and golf-course maintenance equipment, is moving full-bore into the construction segment with a new line of machines dipped in Toro?s classic red and bearing its household name.

Innovative turnkey rental packages

Bardai provides turnkey rental packages that help develop, engineer, provide solutions and offers almost immediate parts availability to minimise downtime and maintain maximum productivity.

Steadily chugging ahead

Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.

TIPL offers products from the Caterpillar global mining stable

MARC contracts are a great value differentiator and TIPL was perhaps one of the first service providers in the Indian mining industry to pioneer this concept with one of its esteemed clients Tata Steel

We provide turnkey rental package for our clients

Our wide range of super long reach excavators, of which there are no equal in terms of reach and digging depth, are highly valued and in great demand, says Murad Jetha, Director, Bardai Group. In an exclusive chat with EQUIPMENT INDIA, Jetha speaks about the rental industry.

Equipment Rental: Rentals Moving Up

Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.

RSS in top 25 innovative companies

Rental Solutions & Services (RSS), a global provider of rental power, temporary cooling and mobile water solutions, has been chosen as one of the Top 25 Most Innovative Companies in the Gulf.

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