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Deere Construction sales fall 12% in 2024

Deere & Co. reported fiscal 2024 sales of $51.7 billion, down 16 per cent from $61.3 billion in 2023. Sales in agriculture were down 22 per cent, and sales in construction and forestry dropped 12 per cent.

India’s CE Sales Surge 26% in FY24

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections.

About 5% of our yearly expenditure is dedicated to R&D globally

Andrea Pernici, General Sales Manager, Filtrec Manikandan M, Country Head - Sales, Filtrec Bharat Manufacturing

The Indian CE industry crossed 1,00,000-unit sales in 2022-2023

Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery, speaks on the growing market for construction equipment in India.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

BKT to launch two new ‘Made for India’ EARTHMAX tyres

Balkrishna Industries (BKT) the Indian multinational company and global player in the off-highway tyre market will be participating in the bauma CONEXPO India 2023. Armed with a strong R&D, BKT will be launching two tyres under the sub-brand EARTHMAX at the bauma CONEXPO INDIA.

The exhibition will bring together next-gen technologies to power India’s infra-growth ambitions

Bhupinder Singh, CEO, bauma CONEXPO INDIA, elaborates on what the construction and infra-development ecosystem can expect from the upcoming edition in Greater Noida, and why this is a decisive platform for large and emerging players in the equipment sourcing and manufacturing market.

Escorts Kubota Q2 standalone net profit at Rs 87.7 cr

Q2 standalone profit before exceptional items and tax at Rs 191.5 cr.

Escorts Kubota Q1 profit at Rs 147.5 cr

Escorts Kubota reported a net profit of Rs 147.5 crore in the quarter ended June 30, 2022, as against a profit of Rs 185.2 crore in the corresponding quarter of the previous fiscal.

Escorts Kubota Q1 profit at Rs 147.5 cr

Construction equipment volumes up by 59.4% at 966 units

Indian construction equipment industry growth slumps in Q3FY22

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.

Wheel loader market is dominated by 120-150 HP range equipment

In the current context, users prefer wheel loaders that deliver higher productivity at lesser operating costs, along with enhanced servicing of their machines across their work cycle.

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.

More than 2,800 exhibitors to participate in bauma CHINA

Despite the challenges due to Covid-19, the show will fill all 17 halls and the outdoor area at the Shanghai New International Expo Centre (SNIEC).

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.

Pre-owned Equipment Market to Excel

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Used Equipment Market to Flourish

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

AJAX is all set to bounce back with resilience

To set the ball rolling, AJAX has become more resilient, adaptive and competitive like ever in this complex and uncertain period of pandemic with resilience and resourcefulness, says Debasis Bhattacharya, Head - Marketing, Sales & Product Support, AJAX Engineering.

Doosan Bobcat India hosts financiers meet

The compact construction equipment sales is gaining momentum in the Indian context and therefore the easy availability of financing options for customers is inevitable.

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.

We Will Continue to Expand Our Capacities in the Next 3-5 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.

We are mindful of modernising our capabilities

With four facilities for manufacturing hose assemblies, tube assemblies, hose fittings, adapters and fabricated parts Uniflex looks forward to further modernize and expand its facilities.

Escorts standalone profit up by 40.7%

Tractor sales at 96,412 units were up by 19.9 per cent as against 80,417 units in the previous fiscal.

Infrastructure momentum to continue

Global construction equipment sales hit an all-time high of 1.1 million units in 2018, with a retail value of approximately $110 billion, according to Off-Highway Research.

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.

SHOWTIME!

In spite of the positive sentiments in the construction and infrastructure industry, there are some risk factors visible which could affect the growth of the industry temporarily.

Global equipment sales see 12 per cent growth in 2018

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

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.

Small Machines, Big Role

Construction minis contribute to mechanisation of the last miles of various construction activities. These can be grouped under concrete, compaction, finishing and many other similar sections.

Back on Growth Path

Global sales of construction equipment are expected to increase seven per cent this year, according to updated forecasts from specialist market intelligence company, Off-Highway Research.

INFRA INFRA INFRA

The growth of the infrastructure industry is expected to drive the global construction equipment market. Sounds familiar? Global experts believe that this increase can be attributed to upcoming construction projects around the globe, primarily in developing nations.

CHANGING PARADIGM

The Indian construction and infrastructure segment has witnessed a turnaround over the last few years with some organised growth visible in various construction activities.

On Cloud 7, Moving to 9!

The Indian construction industry is excited to witness the on-ground acceleration action in projects for most infra sectors. Probably the only sector which is waiting in the wings is realty, where there are still no signs of any major revival.

Global CE Market to Improve

Global sales of construction equipment (CE) are forecast to grow 3.9 per cent in unit terms in 2016, to 760,508 machines, according to specialist economic forecasting and market research consultant, Off-Highway Research.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

CE Sector to Grow

Among the major global markets for construction equipment, the demand of construction equipment in China suffered a steep decline after peaking in 2011. This trend continued in 2014; however, future demand forecast is expected to be stable.

CE industry is to grow in the long term at a CAGR of 17.5%

The construction equipment (CE) market in India will be driven by increased activity levels in every sector as there are massive infrastructure gaps yet to be bridged, says Samir Bansal, General Manager, India, Off-Highway Research.

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