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Gaining traction

Growing construction industry supported by global megatrend of urbanisation is expected to drive growth of the global aerial work platform market.

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.

Concrete proof

Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.

Icra slashes growth forecast for auto components industry to 17-20 pc for FY22

According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.

Volvo CE introduces 3 new construction BEVs

Roads and highways sector is considered to be the most vibrant infrastructure segment where a lot of activities ongoing consistently for a long time.

We are a market leader in surface mining

Wirtgen is global market leader in the manufacturing of machines for cutting rock in open cast mining operations. Wirtgen surface miners cut primary resources such as coal, gypsum, iron ore, salt, phosphate, bauxite, limestone or granite, achieving high degrees of purity in the process.

Construction sector: A huge contributor to country's development initiatives

Construction was among the significantly impacted industries due to Covi-19 and sales of construction equipment also fell globally, writes Gagan Pal.

Demand for higher tonnage cranes is likely to grow

With the government’s heavy investment on infrastructure development, the mobile crane market in India is showing gradual signs of improvement, which was impacted by the pandemic.

Construction sector: A huge contributor to country's fast-paced development initiatives

Authored by Gagan Pal, Vice President- Sales & Marketing, Honda India Power Products Ltd.

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.

There is upsurge in demand for medium & high-capacity cranes”

The medium and heavy-duty mobile cranes market is progressing largely in India due to the growth in the construction industry of the country.

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.

Achieve efficiency & profitability with right lubrication solution

The Indian steel industry had been expanding till March 2020 with its Purchasing Manager’s Index (PMI) over 50. However, the pandemic, subsequent lockdowns and supply-side constraints have deeply affected operations.

Goodyear India income up 131% in Q1FY2022

The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter ended 30 June 2021, registering a y-o-y growth of 38 per cent, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.

Market to bounce back

The Covid-19 pandemic has hugely impacted the global air compressor market in a negative way. However, the market is expected to recover by Q1/Q2 of 2023.

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.

Tech Drives Backhoes

Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter

BEML starts manufacturing oxygen generating units

BEML has always been at the forefront when it comes to dealing with national 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.

The recent MHE market demand is on the uptrend”

Pre-Covid Indian MHE market has shown double digit CAGR since 2014. In-spite of Covid-19 pandemic and business being at standstill for almost four months in 2020, we saw a fast-paced recovery since August 2020, and witnessed the highest ever MHE market in March 2021 and in Q1 2021 which was fuelled by growth in economic activities.

Crushing it!

With an increase in mining activities and infrastructure development in India, the demand for crushing and screening equipment will also rise.

Arvind Garg of L&T: I foresee huge demand for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro, speaks on the various product offerings from your company in the HEX segment.

BEML records highest ever turnover

Defence public sector undertaking, BEML recorded its highest ever turnover of Rs 3,557 crore for the FY 2020-21 against the previous year turnover of Rs 3,029 crore, a growth of 17%.

Despite second Covid wave, highway construction at 28 km per day in April

Despite the Covid-19 pandemic, lockdowns, and limitations on movement in most parts of the country, highway construction in April quadrupled this year to 853 km compared to the same month last year, which saw an entire nationwide lockdown.

Second wave of pandemic has hit the production

Incorporated in 2002, SANY India was and offers the widest range of construction machinery in India and South Asia. Presently, SANY India offers products like excavators, truck mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators and many more. The company has already established a strong network of around 28 dealers and 135+ outlets across India to cater to the growing demand and provide sales and service support to all its customers and associates.

Towering over

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

We have 200 cranes working only in South India alone

Almost 200 cranes working only in the South India overall. We can say more than 500 cranes in the last couple of years in South India. There is a good growth rate we have seen amidst this pandemic.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

We expect the market for hydraulic excavators to grow by 20%

The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.

BEML starts manufacturing oxygen generating units

In the wake of this 2ndwave of Covid pandemic and to mitigate the oxygen shortages in the country for Covid patients, BEML has successfully started manufacturing960 LPM Medical Oxygen Plants at its KGF complex in record time under a ToT agreement with M/s.Defence Bio-Engineering & Electro Medical Laboratory, Bengaluru under DRDO.

Digging deeper

The government’s various initiatives on revival of the infrastructure sector and favourable policies have driven the growth of Indian hydraulic excavator market.

A powerful transmission

Transmission, a key component in a construction equipment vehicle, plays a major role to the functionality of the vehicle, especially in the high frequency and heavy application.

We are well placed to take advantage of opportunities that India offers

Bonfiglioli India’s solutions are based on a wide range of products, including gearmotors, drive systems, planetary gearboxes and inverters. The company’s Country Manager, Kennady V Kaippally, speaks on the present size of transmission systems in India, and the segments that are driving the demand for these products.

VECV launches Covid support package for dealer network and customers

VE Commercial Vehicle has announced a comprehensive package to support Eicher truck and bus customers, dealers, and dealer employees as they continue to operate in this difficult time.

CASE announces 60-day extension of warranty on all CE

CASE Construction Equipment announced a 60-day warranty extension on all construction equipment in light of the second wave of the COVID 19 pandemic in the country. This extension is applicable on all such units whose warranty is expiring between May 1, 2021 and June 30, 2021.

Rahul Shorey of Tata Hitachi: We are working on excavators meeting next-gen emission norms

Rahul Shorey, National Head (Construction), Tata Hitachi Construction Machinery Company, speaks on the opportunities and major challenges faced in the hydraulic excavator segment.

Escorts' standalone profit up by 80.0% to Rs 874.1 cr

Escorts reported standalone profit of Rs 874.1 crore for the year ended March 31, 2021, up by 80.0%, as against a profit of Rs 485.5 crore in the previous year.

Beating Covid-19

The second wave of Covid-19 pandemic brought us to a complete standstill. However, several companies have rose to the occasion and have come forward to help hospitals treating Covid-19 patients by supplying medical oxygen.

One year of lockdown: Real estate sector beating pandemic blues

For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.

We believe that it will take at least a year for the market to stabilise

Incorporated in 1990, Suretech Infrastructure offers specialised infrastructure construction and foundation engineering equipment and materials to the building and construction industry, throughout the Indian Sub-Continent.

Laying a strong foundation

The demand for foundation equipment in India has been growing at the rate of 25 to 30 per cent year on year basis.

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.

India continues to be an important market for us

Since 1958, Putzmeister has been global leaders in the world of construction and mining. The company develops, produces, sells and serves its customers with high quality and high reliability machines for pumping, distributing and placing concrete, mortar and high-density solids, and for preparing, temporarily storing, processing and transporting these materials.

Putzmeister India MD: India continues to be an important market for us

In an exclusive interview, Wilfried Theissen, Managing Director of Putzmeister India, speaks on the current scenario of concrete equipment market in India.

Demand diversity in CE sector

Infrastructure is a silver lining in the pandemic for many States. With the lockdowns in place in most States during 2020 and reduced vehicle traffic, crews continued their road work and were getting more work done than usual.

Rural economy driving demand

Boosting economic growth is currently a major challenge for the government to achieve its dream of making India a $5-trillion economy by 2024, writes Samir Bansal of Off-Highway Research.

bauma CONEXPO India Cancelled!

bauma CONEXPO India is a melting pot of knowledge, deals and networking. We explores what the cancellation of this year’s edition means for the industry.

Rising Tide

Financial year (FY) 2020-2021 was a year of transition for the auto components industry.

Operational visibility & automation central to maritime logistics of future

Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

AJAX ARGO model’s mantra is ‘maximum productivity for your investment’

“AJAX ARGO Self-Loading Concrete Mixer (SLCM) delivers ‘Maximum Productivity for Your Investment’ says Ajay Aneja, Chief Marketing Officer, AJAX Engineering

Stainless steel production declines by 19% to 3.17 MT in CY2020: ISSDA

India remains second-largest producer globally despite a challenging year.

Domestic road transportation sector rebounds

The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes

Power your profits

Tata Motors’ extensive range of 28-tonne tippers helps you maximise profits and have complete peace of mind.

Operational visibility & automation central to maritime logistics of future

Sustainability within logistics is expected to be taken up on a larger scale, with digitalisation and automation being prime movers of such operations, writes Huseni Vohra of Ocean Insights.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Italian CE market remains stable in 2020

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2 per cent). More in detail, earth-moving machines sold were 16,251 (0 per cent), and 711 were road machines (+15 per cent).

Prioritising ports

The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.

Innovation has been cornerstone of JCB’s operations

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.

L&T compactors are very well established in the Indian market

L&T’s Construction and Mining Equipment business manufactures, distributes and provides after-sales support for construction and mining equipment for diverse industries and applications.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

CE market to pick up in long term

After a 15 per cent drop in construction equipment demand to 83,470 units in 2019, some signs of recovery were visible at the beginning of 2020.

Indian CE market to regain growth

Samir Bansal of Off-Highway Research writes on the market and sales scenario of Indian construction equipment market.

2021 will be a year of challenges and consolidations

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

There is clear room for the market to grow

Rajaram Krishnamurthy, Vice President - Marketing & Sales and Customer Services, DICV, shares his thoughts on the market scenario and the company’s strategy going forward.

AWPs for safe and reliable operations

The post-pandemic conditions demand for safer and secure means of operations where AWPs will play a major role and will gain prominence in future.

We provide more focus to training

Manoj Rawat, Country Manager - AWP, India & SAARC Region, Terex India, elaborates on the outlook on the Indian AWP market.

CE industry: On the road to recovery

The rural economy has also been driving sales of construction equipment. A good monsoon, record agricultural production and huge procurement by the government agencies along with a focus on rural infrastructure are all attributable to increasing rural prosperity.

ELGi posts sales growth in Q2

Elgi Equipments announced the results for the quarter and half year ended 30 September 2020. PAT for the quarter was Rs 332 million compared to Rs 117 million in the same period in 2019-2020 on a consolidated basis.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Tipper trucks market gearing up

Revival in mining and gradually picking up construction activities are expected to bring back the demand in the coming months.

Adaptability and agility are our core strengths

Gagandeep Singh Gandhok, Senior Vice President – HD Truck Business, VECV, shares his views on the market scenario and the company’s plans.

The M&HCV tipper trucks segment continues to look positive

RT Wasan, Vice President, Product Line, M&HCV, Tata Motors, elaborates on the company strategy in the Covid-impacted market scenario.

Contractors are increasingly using machine control technologies

Samip Desai, Director, Moba Mobile Automation (India), talks on the growing importance of control technologies and solutions offered by the company.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

ICRA predicts construction equipment volume growth in CY2021

Central Government projects in roads and rural development will drive demand

Godrej Material Handling partners with Greendzine Technologies

MOPTro™ revolutionises the everyday manual order-picking practices

Elgi equipments posts sales growth in Q2

Consolidated sales for the quarter was Rs 4.80 billion as against Rs 4.45 billion in the corresponding quarter in 2019-2020.

Godrej to expand SKUtro range

Godrej Material Handling is preparing for a range expansions for its unique intra-logistic, mobility-cumtransport solution, Godrej SKUtro.

BKT designs prototype of its biggest-ever tyre

Prototype ready for the new giant product, in the 40.00 R 57 size, for rigid dump trucks

Light at the End of the Tunnel

Tunnels seem to be coming up in metropolitan and remote areas alike, so TBMs and other equipment should be in demand. How is the industry gearing up?

Sany India supporting partners in difficult times

The company helped all its 35 dealers steer through the challenging phase by implementing multiple initiatives to sustain and improve the cash flow for the dealer partners.

The industry has crossed the worst phase

The market is now looking at a new dawn with a number of new projects. Shantanu Sinha, Executive Director, Trenchless Toolbox, elaborates on the current market scenario and the company’s plans ahead.

Next year will be the best for construction industry

Speaking exclusively with EQUIPMENT INDIA after winning the coveted Equipment India Person of the Year 2020 award, VG Sakthikumar, Managing Director, Schwing Stetter India, shares his thoughts on the company’s success, future plans and the market outlook.

SKF India extends support for COVID-19 testing initiatives

Expressing its gratitude towards the frontline workers of Pimpri Chinchwad Municipal Corporation (PCMC) who have been working relentlessly in keeping the city safe from COVID-19 spread, SKF India under its CSR program has extended financial support of Rs 5,04,000.

Road Equipment: Road to Recovery

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.

Godrej Material Handling to expand SKUtro range

Launched last year, SKUtro is a manual rider equipment used for transporting loads from one point to another within a shopfloor.

The growth of mini excavators will be much faster

Tata Hitachi pioneered the mini excavator market by introducing the first indigenously developed 2T TMX20, way back in the 1990s. Rahul Shorey, Head Sales – Construction, Tata Hitachi Construction Machinery Co, shares more on the market trends.

Allcargo augments growth in Africa

Allcargo Logistics has taken giant strides to accelerate growth across Africa’s vast logistics ecosystem.

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.

The mantra of self-reliance

After months of speculation on GDP numbers, the results have confirmed our worst fears: our economy is suffering from a serious malaise.

New Frontiers of Trenchless Technology in India

During the past 25 years, trenchless technology has become a major part of construction industry in India. Dr Niranjan Swarup elaborates on the emerging trends in trenchless technology in India and the opportunities for the world

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

Mahindra’s tractor sales post 28 per cent growth in July 2020

Mahindra & Mahindra’s Farm Equipment Sector (FES) announced its tractor sales numbers for July 2020.

We focus on off-highway sector and want to grow with this

Balkrishna Industries (BKT) is a homegrown multinational player with a strong presence in the off-highway tyres globally. With the Indian market growing faster, the company is gradually increasing its sales in India which otherwise is majorly focusing on export market. Rajiv Poddar, Joint Managing Director, BKT shares more on the company and the market scenario.

Crushers & Screens: Gaining Momentum?

The growing aggregate requirements in the infrastructure projects and the improving mineral mining activities in the country demand crushers and screens in large numbers. But with some roadblocks pose as challenges in this positive scenario, can the crusher segment gather momentum

Safeguarding the industry

The construction equipment industry is going through a never-seen before sales scenario as the volume witnessed a steep fall of 70 per cent in April-June 2020 quarter, as per the findings of the CRISIL Research.

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