Tractors and earthmoving equipment are the major demand drivers of OTR tyres,” says Prasanta Ganguly, Head – OTR Marketing (Domestic Sales), Balkrishna Industries (BKT).
India has done a marvelous job in road building and irrigation, opening new doors for infra equipment. Ashok Chhajer, Senior General Manager, OE Sales, Balkrishna Industries, shares how these initiatives have boosted sales.
BKT showcased its finest tyres for construction and earthmoving equipment namely the E4 EARTHMAX SR468 TL and L5 EARTHMAX SR53 TL. Along with the newly introduced rubber tracks for the compact track loaders.
As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.
On the back of slowdown in the construction activity, the Indian CE industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the ICEMA report.
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.
The corporate stamp was unveiled by Sharada Sampath, Chief-Postmaster-General, Karnataka Circle in the presence of SN Subrahmanyan, CEO & MD, Larsen & Toubro, Arvind K. Garg, Executive Vice-President, Construction & Mining Machinery Business, L&T and LK Dash, Postmaster-General, Bangalore HQ.
According to the report’s findings, Trimble’s solutions contribute to fuel savings around the world that are equivalent to an estimated reduction of 7 million metric tons in greenhouse gas emissions.
Alok Kumar Verma, Director – Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.
ACE is India’s leading material handling and construction equipment manufacturing company with a majority market share in mobile cranes and tower cranes segment. In addition to mobile cranes, ACE also offers mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, vibratory rollers, piling rigs, forklifts, warehousing equipment, tractors, harvesters and other agri machinery.
In our exclusive, Deepak Shetty, Deputy CEO & Managing Director, JCB India Limited, tells us how the construction equipment industry in general and JCB in particular have been emerging through the year of the pandemic.
After the most unusual year that we experienced in our lifetime, the calendar year unfolding is expected to be challenging but promising for the Indian construction equipment industry.
Alok Kumar Verma, Director - Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.
The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.
The Infrastructure Equipment Skill Council is partnering with the key stakeholders in the construction equipment industry and state governments to strengthen the skill development initiatives in the construction equipment sector.
Ashok Leyland is the market leader in agricultural harvester combine segment and has significant presence in industrial equipment market across applications.
In spite of the short-term ups and downs in the market volumes, the construction equipment (CE) industry is expected to touch close to the volume of 140,000 units by 2024-25.
The OTR tyre industry in India is anticipated to exhibit significant growth by 2025, if the government targets to complete all the planned projects within the desired time frame, writes Karan Chechi.
The long term market outlook of hydraulic motors remains positive with forward looking measures from the government on infrastructure creation offering new opportunities for equipment players.
The Central Government's latest announcement on investment in infrastructure has revalidated the mood that was set by Union Minister Nitin Gadkari at EXCON this December.
In spite of the current slowdown, tyre market for off-highway applications is going to revive in the coming years due to an anticipated pick up in infrastructure developments in future.
A JV between Tata Motors (40 per cent) and Hitachi Construction Machinery Company (60 per cent), Tata Hitachi provides world-class construction equipment to address India's infrastructure and mining needs.
This year, Bonfiglioli Transmissions celebrates two decades of its presence in India. Over the years, the company has developed a broad range of drives catering to a vast array of applications in the construction, mining and other industries.
Zoomlion Heavy Industry Science & Technology Co (Zoomlion) will be exhibiting at the 15th China Beijing International Construction Machinery, Building Material Machines and Mining Machines Exhibition
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.
By delivering high-precision bearing solutions and systems for a large number of industrial applications, the Schaeffler Group is shaping "Mobility for tomorrow" to a significant degree.
Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.
The manifesto of the NDA points towards building 12,000 km of roads per annum! In 2018-19, even though contracts awarded were to the tune of 15,000 km (against 17,055 km in 2017-18), the figure for roads constructed up to November 2018 has been 5,759 km (against 9,829 km in 2017-18).
SKF launched its high-load extreme-pressure bearing grease, LNEP 2IN. This grease is specially formulated to increase the service life of bearings operating in demanding environments and will carry forward the SKF commitment for global quality and reliability across all geographies.
Premium Transmission provides high quality, precision-engineered power transmission products and solutions to the global engineering industry, catering to the needs of customers across the globe.
SKF India announced the launch of its new and indigenous grease LNEP2IN. This is specially formulated to increase the service life of bearings operating in demanding environments.
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.
Worldwide construction equipment sales are expected to increase 12 per cent this year, according to Off-Highway Research. This will take total sales to almost one million units in 2018. The total retail value of sales is expected to approach $99 billion
One of India's leading IIoT companies, Kloudq is a software organisation that offers a wide array of innovative Industrial IoT solutions with the potential to empower and transform your business.
SANY India achieved another milestone of rolling out 6,000 plus machines from its Chakan plant this month. This comes on the backdrop of a strong demand for its offerings across the product lines.
We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.
At present, the construction equipment (CE) sector is mainly dominated by heavy earthmoving equipment. Within this segment, it is the backhoe loaders (BHLs) which constitute more than 65 per cent of heavy earthmoving equipment sales.
Sales of construction equipment in the UK grew by about 8 per cent in 2017, the latest figures show. In the fourth quarter of 2017, retail sales of construction and earthmoving equipment in the UK market grew by 7.4 per cent compared with the same period in 2016. This took total growth for the year to 7.6 per cent, compared with 2016, reaching approximately 30,000 units for the year, according to industry reports.
Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).
OTR tyre market is divided majorly into three segments: mining, construction and industrial equipment, agriculture vehicles and others. Mining, construction and industrial equipment such as loaders, bulldozers, tractors, forklifts, backhoe loaders, cranes, excavators, wheeled loaders, industrial trucks, skid steer loaders, etc
The CE market is on a role with a lot of actions in the infrastructure development underway while many are in the pipeline. The new year is definitely a year of opportunity for CE industry in India considering the new life the infrastructure has gained after the corrective actions of the government on the bottlenecks in various projects.
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.
Escorts Construction Equipment (ECE) launched India?s safest pick-n-carry crane (as the company claims), CT Smart 15, at the Excon 2017 in Bengaluru, along with best-in-class (performance, productivity and reliability) soil compactor 3212 in 12-tonne class and upgraded Hydra series pick and carry crane.
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
Investment in infrastructure is nowadays the key for India's economic growth sustainability and a guideline behind many policy initiatives by the Government of India.
Crushing on site provides lower cost and greater efficiency. In fact, crusher and screening buckets attached to excavators and other earthmoving equipment allow materials to be processed for reuse, right where they are being extracted.
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.
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.
MAN Trucks India inaugurated its 64th dealership at Chennai. Set up by its new partner Vijai Earthmoving Equipment Pvt Ltd, this is the fourth dealership inaugurated since January 2017, besides Solapur, Pune and Vijayawada.
Recently, the Supreme Court heard an application by the Indian Construction Equipment Manufacturers' Association (ICEMA) and the Tractor Manufacturers' Association (TMA) as they sought a clarification on the ban on the registration of BS-III vehicles after March 31, 2017.
In the earthmoving equipment segment, we have a range of equipment - from wheel loaders to excavators, tunnelling excavators, bulldozers, and material handlers. Our wheel loaders are offered from 5 tonne payload and above capacity.
Customers in India have always been divided between the ones who chose traditional, proven, 'will work for sure' products and the ones who want products that are forward-looking, path-breaking, or simply ahead of its time.
Skid steer loader (SSL) is a highly versatile utility machine used in general construction. They are used for material handling and movement in heavy construction like construction of bridges, elevated roads, metro rail infrastructure, tunnels to name a few where the space is restricted and SSL is an ideal option.
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.
BKT has shaped an entire product range for OTR loaders. A tyre lineup conceived to face the challenges on the most differing terrains ? from snowy and icy surfaces to muddy and rocky ones at quarries and mines. A comprehensive range of products featuring extraordinary traction performance, strength, resistance and safety to safeguard operators at work and to significantly enhance driving comfort.
CASE India has maintained a leadership position in the Indian subcontinent riding on extraordinary customer connect and support. With the existing products like skid steer loaders, motor grader, compactor, loader backhoes etc, CASE India develops products to suit the evolving requirements of the Indian customers.
Material and earth movements are the major work content of all infrastructure developments and mining activities. Front-end loaders, backhoe loaders, dozers and application-centric equipment as options for the users to choose from to suit individual requirements.
We mainly focus on brand building. This is an opportunity for our customers to come and meet us and see the products on display. This year, we launched a crane at the event in two variations: 6 tonne and 9 tonne. It is completely localised, positioning us well in the market.
According to 6Wresearch, GCC construction equipment (CE) market is forecast to grow at a CAGR of 1.6 per cent during 2016-22. The GCC construction equipment market is highly consolidated, wherein few international players have acquired majority of the market share.
A multi-utility equipment helps in achieving maximum result with minimum investment.Use of such equipment is gaining traction among the users. For decades, a backhoe loader was considered as the most versatile utility equipment by Indian customers.
According to 6Wresearch, Indian construction equipment (CE) market volume sales to record 1,31,000 units by 2022. In India?s CE market, international players have collaborated with several Indian companies to offer their products in the Indian market.
A new ?best-in-class? seal for hydraulic cylinders with the ability to ?thrive in unforgiving conditions? has been launched by Trelleborg Sealing Solutions. The Zurcon? Glyd Ring? D comes with a combination of performance and service
Bearings are an integral part of equipment which increase efficiency by reducing friction, while maintaining the operational requirements. In this fast moving age of industrialisation, efficiency is the key to success. Construction equipment operates in very demanding environments
The Indian mining and material processing industry, along with other bulk material handling operations like coal loading or bulk handling at ports, and aggregate processing in roads, is already on a fast track growth trajectory in India, thereby driving the demand.
Neeraj Bhatia, Strategic Business Unit Head at Eimco Elecon (I) Ltd, is an alumnus of Punjab Engineering College, Chandigarh, with a Post Graduation Degree in Management from Punjabi University, Patiala.
As a consequence of the excavation activity gaining momentum, earthmovers like front-end loaders, crawler dozers, traxcavators and other earthmoving equipment are registering a CAGR of 15-18 per cent. Since the Indian economy is reviving, these equipment are also finding emerging markets in other sectors as well.
Developmental work in the North-East and far-flung rural areas will drive a robust growth of road building equipment, with a twist - the market for smaller-sized equipment to suit applications and delivery logistics requirements will be the gainer.
Based on revenues, earth moving holds the largest share in the construction equipment industry (62.1 per cent). Major market Players in excavator market are CAT, L&T Komatsu and Tata Hitachi.