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Steering the market

Skid-steer loaders segment is one of the only few segments that has shown an increase in sales in 2022 as compared to 2021. The enormous growth in the market value of the construction sector will further fuel the nation's high demand for skid steer loaders.

$5.13 Bn Opportunity!

Growing at a CAGR of 9.4 per cent, the Indian backhoe loader market is likely to touch $5.13 billion from $1.77 billion in 2021.

Sakthi Kumar of Schwing Stetter: I expect this to be our best year

Schwing Stetter is the name synonymous in the concrete equipment segment. Over the years, the company has introduced several path-breaking products in the Indian concrete pumping industry such as SP8800 concrete pumps, CP 30 batching plants and the 10 cu m truck mixers, which became synonymous within the RMC industry.

Narrowing of price levels between excavators & backhoes is expected to have an impact on volumes

The Indian backhoe loader market had been growing year-on-year for four straight years till 2018-19. It grew with a CAGR of more than 20 per cent per year, peaking in 2018-19. In 2019-20 the market shrunk by 20 per cent due to factors such as elections and constrained liquidity post the ILFS crisis.

MHE in India: What drives the sector

There is high growth potential in material handling industry in India considering the pipeline of opportunities in construction and infrastructures sectors.

YoY demand for concrete equipment will be at 20-25% in today’s scenario

Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100 per cent subsidiary of Schwing GmbH, a $1.30 billion German concreting machinery manufacturer and a part of XCMG group.

Mechanised scavenging to be made mandatory

Government will amend the Manual Scavenging Act to make mechanised cleaning mandatory.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

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.

Growth ahead, no skidding!

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.

L&T is leading in Skill India Mission

Skill improvement can never be over-emphasised. On one hand, the complexity of the job requirement is increasing and on the other, equipment are becoming more and more complex with the introduction of many operating modes, advent of mechatronics and Information and Communication Technology (ICT) tools.

MTU Gas Engine Successfully Tested

The successfully completed 3,000 hours on the test bench demonstrate reliability of a proven MTU Series 4000 diesel engine. The new MTU gas marine engine has already successfully completed 3,000 hours on the test bench.

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