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Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

Global metal market trends

The global economy is doing well. Growth already beat expectations this year and the global economy will continue to quicken in 2018.

Ambitious on Indian infra sector

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from government for initiating policies that would ensure time-bound creation of world-class infrastructure in the country.

All set to meet infra growth demand

Aggressive infrastructural development is imperative to the overall economic welfare of a country. If the economy is likened to a wheel, its infrastructure sector is most certainly the central hub that supports all the other sectors in the form of spokes and keeps the wheel spinning smoothly and efficiently.

In the Limelight of Infra growth

Construction equipment today not only makes it easier to complete the project at hand, but also ensures the efficient use of labour, time and money. About 30-35 per cent of money involved in construction is dedicated towards procurement of good machinery and equipment.

Budget 2018-19: Infrastructure, Rural Development key

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

Moving Ahead

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

On a Brighter Note

The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.

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.

Back on Growth Path

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.

ON THE MOVE

Off-the-road (OTR) tyres are largely used in vehicles, equipment and machinery employed in agriculture, mining, construction and industrial sectors. Consequently, any changes or fluctuations in the said sectors directly influences the growth of OTR tyre market.

The Road Ahead

In spite of the government's policy shift towards building four- and six-lane National Highways as concrete roads, plans to construct more rural roads and coastal roads will drive the demand for asphalt plants in the future. EQUIPMENT INDIA explores the road ahead for asphalt plants.

Paving a Growth Path

While the paver market is gearing up for phenomenal growth, sensor pavers are expected to have a smooth ride due to the demand for quality roads in the future.

The new norms

Lok Sabha has passed the GST Bill, clearing the deck for its smooth rollout from this July. Termed as independent India?s biggest reform initiative, the GST Bill is expected to bring together the entire nation on a single platform of taxation.

BUDGET 2017 | PUBLIC SPENDING TO DRIVE SALES

Although there are no landmark announcements in this year?s Budget, a special thrust on transport infrastructure development and affordable housing will definitely gift some market opportunities to the CE segment.

Cashing in Opportunities

Large-scale hybridisation and automatic features have been and are being introduced in power transmission systems and assemblies for construction equipment, trucks and dumpers being manufactured in the country. Interestingly, electronic sensing for ensuring multi-mode power transmission, Telematics tracking and inbuilt diagnostics features are fast becoming standard equipment for OE supplies.

BUDGET 2017 | EXPECTATIONS

February 1, 2017 is the date set for presenting Budget 2017 by the Hon?ble Finance Minister, a significant deviation from the earlier end-February fixture. This budget comes at a time when the country has been reeling under the shock waves of the recent demonetisation of high value currency notes by the government.

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