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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.
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What’s driving the demand?
Increasing demand for novel construction equipment is expected to drive the global undercarriage components market in the upcoming years.
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Opportunities galore
The construction industry across the globe is anticipated to present significant opportunities for construction equipment.
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Tech Drives Backhoes
Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.
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New Avenues to Growth
The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.
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Steering Growth
Growing urbanisation and mechanisation of manual jobs are driving the demand for compact equipment such as skid-steer loaders in India.
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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.
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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.
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Operator Training: Need of the Hour
These are good times for construction equipment industry. Orders have gone up, thanks to a revival in the economy fuelled by government's affirmative actions to nurse the infra development sector back to health.