Financial management a challenge in rental industry

Premier Heavy Lift (PHL) stands as a leading force in the heavy lifts and transportation sector, marked by excellence in quality, safety, and innovative practices under the leadership of Anil Chaudhary, Som Dutt Sharma and Capt Sandeep Anand. Since its inception with merely two cranes, PHL has evolved dramatically, boasting a fleet of over 360 equipment units valued at more than Rs 900 crore. Siddharth Sharma, Director, Premier Heavy Lift, speaks on the current landscape of the construction equipment rental market in India.

There’s high demand for rental equipment across CEQ categories

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

Earthmovers Surge Ahead

Earthmoving equipment sales soar 21 per cent in FY24, dominating the Indian construction equipment market.

All our equipment sales crossed all previous benchmarks

Rohit Punjabi, Vice President (Excavator Business), LiuGong India, speaks on the company’s sales pattern for earthmoving equipment.

Tackling Supply and Quality Concerns in CE Rentals

As demand surges, particularly driven by infrastructure developments in regions like Asia-Pacific, stakeholders face pressing issues ranging from availability mismatches to concerns over maintenance standards.

Limited market awareness hinders rental service penetration

Mukesh Sharma, Country Manager, Atlas Copco Specialty Rental Division in India, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.

Indian rental companies are increasingly embracing digitisation

Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.

CASE India inaugurates new dealership in Jaipur

CASE Construction Equipment, a brand of CNH, has broadened its presence in Rajasthan by appointing a new dealer partner, RDR Techsol in Jaipur.

Renting equipment: What to do and what not to

CW identifies common pain-points associated with renting construction equipment, and asks industry leaders for ways around them.

Safety at New Heights

Mobile cranes are relatively easier to operate, manoeuvre, and optimise. However, they are highly prone to accidents.

Grading the Future

As the demand for advanced road networks and improved connectivity continues to surge, the clamor for motor graders in the construction industry is reaching unprecedented heights.

Pushing new boundaries

As the market for excavators experiences increased demand, OEMs are innovating by introducing new features aimed at enhancing both the efficiency and productivity of these machines.

Building the Future

The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

Our solutions increase efficiency reduce carbon footprint

Manojit Acharya, Managing Director, Jungheinrich India, speaks on the company’s approach towards environmental sustainability.

Eyeing New Heights

The construction equipment and equipment financing industries experienced a series of highs and lows throughout 2022. As the new financial year starts, both sectors turned their attention to infrastructure as the driving force for future growth.

New Holland Construction announced a renewed focus on the brand

Company unveils C330 compact track loader with two other products

The demand trend for earthmoving equipment is expected to remain positive

Nischal Mehrotra, Vice President (Sales & Marketing), Liugong India, speaks on the emerging technology trends in the earthmoving equipment industry in India.

Powering up the Earth

The need for earthmoving equipment is expected to increase due to the nation's fast urbanisation and infrastructure development requirements

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.

How to make construction S.Af.E.R?

The theme S.Af.E.R. stands for -- S: Sustainability; Af: Alternative Fuels; E: Electrification; and R: Rentals. The underlying premise of the theme is that integrating energy-efficient equipment and energy-saving technology in sustainable development initiatives can drastically cut energy use and harmful emissions.

Improving Construction Productivity

LiuGong is committed to offering sustainable solutions to its customers, and the company is actively working to reduce emissions, conserve resources, and improve efficiency in the construction and material handling industries

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.

Paving the Way for Safer Future

Our R&D team puts a lot of effort into applying telematics to machines to make them smarter and help protect our environment, writes Dheeraj Panda.

Reduce, Reuse, and Recycle!

In addition to reducing waste in construction, the Ministry is also working to decrease emissions from road transport and reduce the country’s dependence on oil imports through the use of alternative fuels.

Infra demand boosting rental market

The equipment rental market provides construction companies with access to the latest equipment and technology.

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.

Sustainability at the Forefront

Going forward, product innovations will be at the core of Ammann’s sustainability efforts

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

MYCRANE adds new crane types to enter short-term rental market

MYCRANE, the Dubai-based digital disruptor for the cranes and construction space, has added four new types of lifting device to its innovative online crane rental platform.

Komatsu India launches new water sprinkler WT 80KL

MYCRANE’s new crane types to enter short-term rental market

Heading towards a new high!

After two years of lull, the excavator market should grow again and reach 25,000 units in 2022.

MYCRANE adds new crane types to enter short-term rental market

The company has added four new types of lifting device to its innovative online crane rental platform.

Infra push for mini equipment

According to Arizton’s latest research report, India’s construction equipment market will grow at a CAGR of 8.9 per cent during 2022-2028. Mini excavators hold a decent share in the overall construction equipment industry.

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

JCB’s thrust on digital technologies

Excon 2021 is indeed going to be the first major exhibition for the construction equipment industry, post-pandemic, hence, expectations are high. There is likely to be an even greater active participation by the industry than what we have seen in the past editions.

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.

On the Move!

The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.

Towering up

Crawler cranes are expected to see a surge in demand with the spurt in infrastructure development projects.

Upgrading Technology

Commonly used to construct and maintain gravel and dirt roads, motor graders have also prepared building foundations and drainage ditches, making them popular with government agencies and contractors.

Paving the way ahead

While recent times may have been tough on construction equipment manufacturers, the compactor market is still brimming with optimism.

Sachdeva of CERA: Earthmoving equipment is staple of construction industry

Satin Sachdeva, Secretary General, Construction Equipment Rental Association (CERA) and member of Global Rental Alliance (GRA), speaks on rental market scenario in earthmoving equipment industry.

Counting on diggers

Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.

Earthmoving equipment is a staple of the construction industry

Satin Sachdeva, Secretary General, Construction Equipment Rental Association (CERA) and member Global Rental Alliance (GRA)

Craning Forward

Despite uncertainty, the overall market for mobile cranes is expected to grow between 10 to 15 per cent for the next two to three years.

Demand for pick n carry cranes has strong correlation with industrial growth

The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India.

Riwal and JLG celebrate 25 years distributorship

JLG Industries, Inc is celebrating its 25th anniversary this year with Riwal as its official JLG distributor

We will be introducing more models in near future

The market size of the foundation equipment is estimated to see a drop this year. However, from the second half of 2021 till next 3-4 years, it is likely to grow substantially.

Grading the Future

The current market conditions are tough for motor graders since the projects are not active due to the coronavirus impact.

Banking on Policy Support

Crawler cranes market is looking for a revival after a sluggish performance over the last few years. The market will rely on the budget proposals for the National Infrastructure Pipeline for the coming years.

Accessing New Heights

The use of aerial work platforms in India is still to gather momentum, in spite of the growing construction and urban infrastructure development. Increased awareness on safety among the end-users and a growing rental market are expected to drive the market in future.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

Backing Infra Growth

Cautiously Optimistic

The government's various initiatives on revival of infrastructure sector and favourable policies have driven the growth of Indian construction equipment market in the past 2-3 years.

Mobilising Growth

From Recovery to Growth

In the past few months, the mobile cranes business has been improving quietly. The market is recovering and moving towards growth.

Rentals Imperative for Growth

Satin Sachdeva, Founder and Secretary General, Construction Equipment Rental Association (CERA) elaborates on the importance of rental market in the growth of construction equipment industry.

REJIG for the big

Need for better infrastructure is always the top priority of any country. India is no different as the quest for superior infrastructure continues with many large-scale projects coming up.

The Eleventh Hour Is Here!

By 2025, the construction market in India is expected to emerge as the third-largest globally.

Pushing Growth

Motor grader market has seen growing in the past couple of years with applications spreading into rural road projects as well as in highways.

The year of construction technology

Prime Minister Narendra Modi on March 2, 2019 declared April 2019-March 2020 as the Construction-Technology year and stressed on the use of advanced technology to meet the increasing demand of affordable housing and provision of Housing for All by 2022.

Looking for new growth avenues

The growth of crawler cranes market is stagnant with lagging demand from heavy lift applications. However, the market is expected to bounce back with the demand for medium capacity lift applications from the upcoming infrastructure development projects.

Steps to Safety

Being the safest means of working at heights, Aerial Work Platforms (AWPs) are naturally the option to work at height safely. However, use of AWPs in India is still limited and is picking up slowly.

Manitowoc to showcase latest Shuttlelift crane at The Rental Show

Manitowoc Cranes will exhibit its Shuttlelift SCD15 crane at The Rental Show 2019, which will take place from February 17-20 at the Anaheim Convention Center in Anaheim, California

Reaching out to infra needs

Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.

"Motor grader market in India is growing at 40 per cent"

Roads sector remains the biggest growth driver of motor graders in India. VG Sakthikumar, Managing Director, Schwing Stetter Sales and Services, elaborates more on the market and technology trends in motor graders.

"Rental companies are backbone of Indian CE market"

For the next two years, at least the construction equipment rental companies will have to work both in an environment of uncertainty as well as promise of strong market.

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.

CHALLENGES and NEW Opportunities

The construction equipment rental market in India is still small as compared to the other equipment markets worldwide. Satin Sachdeva sheds light on the realities of the rental market in India and the steps needed for the development of the market.

Customer benefit is our focus area

Liebherr is a major player in the crawler cranes market in India. Ghananeel Molankar, Divisional Head - Construction Machinery, Liebherr India, elaborates on the current market scenario in India and the products and services offered bythe company in India.

Capacities huffing and puffing

It's one year since the unified tax system of Goods and Services Tax (GST) came into force. GST has been a game changer in its vast sense considering the difficulties faced by the industry in terms of multiple tax structure.

Lifting up Expectations

Gone are the days of slowdown and stagnation for mobile cranes market. Many equipment were seen idle with projects not taking off as expected.

Showcasing innovations

The 2018 edition of INTERMAT, the international exhibition for construction and infrastructure, was a lively and vibrant event, confirming the growth perspectives of a sector driven by innovation, which has set its sights firmly on the future.

Pushing Boundaries

With the demand for excavators growing in the market, OEMs are introducing new features to further improve the efficiency and productivity of the machines, helping in quick and qualitative project execution.

Rental Market for Diesel Gensets

The growing construction market coupled with development of industrial and commercial applications including manufacturing, service sector and events have buoyed the growth of diesel generator rental market in India.

AWPs: Safe working at heights

There is always risk involved in working at heights. Introduction of aerial work platforms has made it easy for workers perform well without any risk of falling, leading to timely completion of the work with higher productivity.

Manitowoc to showcase Shuttlelift SCD15 at The Rental Show 2018

Manitowoc Cranes will showcase the Shuttlelift SCD15 at the 2018 edition of ARA?s The Rental Show, which will take place in New Orleans from February 18-21. Manitowoc debuted the 15 USt carrydeck crane at last year?s The Rental Show, and in 2018, the company aims to once again show customers how the SCD15 was designed with the rental market in mind.

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.

An opportunity to see how technology is shaping for Indian customers

We are seeing most activities in the road building sector with numerous projects progressing. Understandably, we are seeing the highest levels of demand for excavators, compactors and pavers for this application and its associated industries.

A great forum to showcase technology advancements

Growing public and private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge of construction equipment market in India

We are launching new products at Excon

Government of India has given impetus in fast tracking various infrastructure projects, especially in road, railways, ports and airports sectors. There are also large irrigation projects under construction in Andhra Pradesh and Telangana states.

India still to mature oN productivity parameters

L&T Construction is executing several important infrastructure projects across the country and overseas. In the roads, runways and elevated corridors sector, we are presently executing more than 30 projects.

Warehousing Equipment Aiming New Heights

Driven by the growth of various industry segments such as FMCG, pharmaceuticals, food and beverages and e-tailing, logistics distribution hubs and clusters are mushrooming in all major parts of the country.

FROM RECOVERY TO GROWTH

The construction market in India is the second largest in Asia-Pacific Countries (APAC) region and is expected to become the fastest growing market in the region by 2025.

Excavators Excel

Driven by the infrastructure development activities in the country, hydraulic excavators recorded a sharp growth in 2016 compared to the previous year. The positive trend is continuing this year also with a 26 per cent growth in the first four months.

Telehandlers can gather a steady momentum in future

Telehandlers are versatile machines and have a wide range of applications across sectors. They are used in infrastructure, construction, mining, metals and minerals, logistics, ports and shipyards etc.

Back on Growth Path

Given its versatility and mobility, backhoe loader finds great use at almost every construction site, both urban and rural India. This multi-purpose machine continues to perform a variety of tasks at sites and is used for digging, dosing, levelling and lifting activities.

New Gensets for Rental Sector

HIMOINSA is returning to IRE, the International Rental Exhibition, being held in Amsterdam during May 2-4, 2017, to showcase its lighting towers and generator sets designed specifically for the rental market. Having recently won the ?Growth Excellence Leadership Award' in the European market, the company will exhibit generator sets with low noise emissions that are ideal for events or work in urban areas with tighter noise restrictions.

Less OPEX, reduced noise emissions

The power generation market in the Middle East calls for better levels of performance optimisation without limiting the performance of the machine. HIMOINSA generator sets have become an interesting option for companies looking for profitable equipment

Equipment Selection | INFORMED DECISIONS

Modern construction and mining activities in India need to be expedited with utmost focus on the highest possible productivity, operational excellence, emission compliance, safety and best-of-class economy. Over the past decade, the market for such equipment has substantially matured resulting in the equipment selectors mooting innovative and prudent ideas while selecting the most suitable equipment fleets commensurate to their company objectives and philosophies.

Manitowoc Cranes exhibits breakthroughs at JDL Med 2016

Manitowoc Cranes had a strong showing at the JDL Med 2016, featuring a range of Grove cranes and the Potain Hup 32-27. The event was held October 12-14 in Marseille, France, and saw more than 15,000 visitors to view the latest advancements from across the lifting, handling, elevation, transportation and packaging industries.

Soaring SkyWARDS

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

Backhoe Loaders Get a Rural Boost

Gone were the days when the backhoe loader market was exploding in all facets of India?s infrastructure development. All recognised suppliers were registering negative to flat trajectory growth since FY 2011.

Safe and Productive

The developed market saw the use of AWPs decades ago. Such machines were in demand by users, for two reasons: safety and speed of work.

Rental market can grow by at least 20 per cent in the next 3-4 years

Ajashy Engineering Sales launched Maquina, first of its kind equipment management portal in Asia at the recently concluded Excon 2015. Amit Nagpal, Director, Ajashy Engineering Sales, elaborates on the benefits of this platform for equipment

Gaining Traction

With a major thrust on infrastructure development by the government, coupled with the ?Make in India? programme, the Indian telehandler industry is poised for an unprecedented and exponential growth.