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JCB inaugurates new dealer branch in Hosur, Krishnagiri
the new JCB TRR automotive dealership branch employs over 30 employees
ICEMA reports 5% increase in CE sales to 28,902 units for Q1 FY25
The CE industry had sold 27,577 units in the same period of the previous fiscal.
Earthmovers Surge Ahead
Earthmoving equipment sales soar 21 per cent in FY24, dominating the Indian construction equipment market.
All our equipment sales crossed all previous benchmarks
Rohit Punjabi, Vice President (Excavator Business), LiuGong India, speaks on the company鈥檚 sales pattern for earthmoving equipment.
Hyundai Makes a Mark in the Dozer Market with HD100
Following in the footsteps of sister company Develon, Hyundai is breaking into the dozer market with the introduction of its new 122-horsepower, 10-metric-ton HD100.
Hyundai CE India Advances Excavators with Cutting-Edge Features
HD Hyundai Construction Equipment is one of the leading construction and earthmoving equipment manufacturers in India. Joydeep Baksi, National Sales Head (Sales & Marketing), Hyundai Construction 每日吃瓜, speaks on the latest advancements incorporated into their recent hydraulic excavator models.
Hyundai enters the dozer market with the HD100
It is a robust machine boasting 122 horsepower and weighing 10 metric tonne.
Indian CE Sales Rise YoY
Indian Construction Equipment industry sales recorded 5 per cent YoY growth; 31 per cent MoM degrowth in April 2024.
India鈥檚 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.
Unleashing Power
From excavators to cranes, hydraulic motors power modern construction equipment, ensuring precise and powerful task execution.
Vision 2030 Drives Growth
The compaction equipment industry in India has witnessed significant technological advancements in recent years. Manufacturers are integrating advanced features, such as GPS technology and telematics, into their machines to enhance precision and efficiency.
BKT unveils advanced mobility solutions at EXCON
The Off-highway tyre major is working towards building our nation.
Volvo CE Dominates Excon 2023 with Largest Electric Machine Showcase in India
Volvo CE India takes a monumental step towards sustainability at Excon 2023,
Volvo CE Dominates Excon 2023 with Largest Electric Machine Showcase in India
Volvo CE India takes a monumental step towards sustainability at Excon 2023
Komatsu connects people through technology
The company had participated in an event by Dholakia Foundation.
Construction equipment industry anticipates 14-15% revenue surge
According to a report by CRISIL, the domestic construction equipment industry is poised for substantial growth this fiscal year with an anticipated revenue surge of 14 to 15 per cent.
No Bumps in the Road
India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.
Pushing new boundaries
As the market for excavators experiences increased demand, OEMs are innovating by introducing new features aimed at enhancing both the efficiency and productivity of these machines.
Building the Future
The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.
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.
Fuelling the future
Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.
CE sales cross one lakh unit mark in FY2022-23
The Indian construction equipment industry recorded an excellent 26 per cent growth YoY with sales crossing the one lakh unit mark in FY2022-23.
Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23
YoY 28.5% growth in domestic sales, 3% growth in exports
The demand trend for earthmoving equipment is expected to remain positive
Nischal Mehrotra, Vice President (Sales & Marketing), Liugong India, speaks on the emerging technology trends in the earthmoving equipment industry in India.
Powering up the Earth
The need for earthmoving equipment is expected to increase due to the nation's fast urbanisation and infrastructure development requirements
What are the latest innovations in the OTR tyres segment?
CW speaks to experts to understand new trends in the tyre market.
Steering the market
Skid-steer loaders segment is one of the only few segments that has shown an increase in sales in 2022 as compared to 2021. The enormous growth in the market value of the construction sector will further fuel the nation's high demand for skid steer loaders.
Creating Compact Foundations
The upward trend of mechanisation in the construction and road-building industries is expected to drive the compaction equipment market in India.
Our products have a very promising market in India
Piero Guizzetti, CEO, MB Crusher India, speaks on the key products on display during bauma CONEXPO.
BKT to launch two new 芒鈧淢ade for India芒鈧劉 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.
Schwing Stetter India will be launching 14 new products
VG Sakthikumar, Managing Director, Schwing Stetter India, speaks on the market for their products in India.
Improving efficiency
Hydraulic motors are among the most commonly used motors across a wide range of industries.
Mining opportunities!
Government鈥檚 thrust on coal mining is expected to significantly impact demand for mining equipment.
What鈥檚 driving the demand?
Increasing demand for novel construction equipment is expected to drive the global undercarriage components market in the upcoming years.
The importance of construction automation has grown rapidly
Himanshu Sharma, Head 鈥� Marketing & Corporate Communication, B&R Industrial Automation, speaks on the emerging technology trends in earthmoving equipment.
Rent or lease 鈥� what鈥檚 the best option
Satin Sachdeva provides an ideal model 鈥� OEMs should sell equipment to equipment rental companies with the support of financers.
鈥淲e will be launching 63-inch tyres for the Indian market.鈥�
Tractors and earthmoving equipment are the major demand drivers of OTR tyres,鈥� says Prasanta Ganguly, Head 鈥� OTR Marketing (Domestic Sales), Balkrishna Industries (BKT).
Rent or lease 鈥� what鈥檚 the best option
Satin Sachdeva provides an ideal model 鈥� OEMs should sell equipment to equipment rental companies with the support of financers.
On track: double-digit growth
Distribution, digitisation and electrification are expected to be the key drivers of the earthmoving equipment industry in the coming years.
On The Roll
The OTR tyre market is forecasted to reach 15 million units by 2023, growing at a CAGR of 9.05 per cent in volume terms.
Heading towards a new high!
After two years of lull, the excavator market should grow again and reach 25,000 units in 2022.
Automation is the top priority in all our plants
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鈥檚 cutting-edge masterpieces for mining
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.
NIP can make CE tick
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.
Increasing Productivity
The global hydraulic motors market is expected to witness a CAGR of over 4.5 per cent, during the forecast period, 2020-2025.
Opportunities galore
The construction industry across the globe is anticipated to present significant opportunities for construction equipment.
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.
Sachdeva of CERA: Earthmoving equipment is staple of construction industry
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.
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.
Earthmoving equipment is a staple of the construction industry
Satin Sachdeva, Secretary General, Construction Equipment Rental Association (CERA) and member Global Rental Alliance (GRA)
L&T Construction & Mining Machinery鈥檚 75 years marked by stamp release
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.
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.
Tech Drives Backhoes
Backhoe loader manufacturers are leveraging digital technology by integrating Big Data and the Internet of Things in their models.
Trimble helps remove 7 MMT of greenhouse gas emissions annually
Global construction technology leader Trimble released its 2020 Sustainability Report recently.
Trimble helps remove 7 million metric tonnes of greenhouse gas emissions annually
According to the report鈥檚 findings, Trimble鈥檚 solutions contribute to fuel savings around the world that are equivalent to an estimated reduction of 7 million metric tons in greenhouse gas emissions.
Leading mining companies are now taking steps towards digitalisation
Alok Kumar Verma, Director 鈥� Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.
We see healthy growth for CE industry in coming years
ACE is India鈥檚 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.
Innovation has been cornerstone of JCB鈥檚 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.
New Avenues to Growth
The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.
Testing & Interesting Times
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.
OTR tyres on the move
With construction activities picking up and mining activities on a revival mode, the OTR tyre demand in the country is expected to grow in the coming years.
The long-term growth for construction equipment is intact
India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.
We see huge potential for digital technologies in mining
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.
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.
Liebherr USA moves to new headquarters
Liebherr USA, Co formally moved in to a newly expanded campus
The long-term growth for construction equipment is intact
India's infrastructure sector is poised to grow significantly with the increasing demand for development of key infrastructure projects.
An Uphill Task
Lack of availability of certified skilled equipment operators is a major issue faced by construction contractor in India.
The focus on skill development is on the rise
L&T Construction & Mining Machinery Business has trained and certified over 10,000 operators and mechanics in the last two years under the RPL4.
Hydraulic Motors
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.
Enhancing Efficiency
Hydraulic motor is a major component that brings in the desired productivity in a heavy construction equipment.
Infrastructure takes pole position
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.
TECH-MOVES
With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.
On revival Path
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.
Increased footfall of customers boosts the confidence of the OEMs
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.
We will showcase some of our latest products at Excon 2019
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 to showcase intelligent construction equipment at BICES
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
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.
Compact and powerful
With the growth drivers of urban and rural infrastructure markets opening up, mini construction equipment segment is looking for a renewed growth in the coming years.
Bigger Digger
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.
Recharge to Rebuild!
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).
On Sustainable Growth
Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.
SKF India launches its new and indigenous grease
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.
We aim to double our top-line growth in four years
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.
Steer it up
In spite of the vast opportunities available, skid-steer loaders are still looking for a level-playing field in the Indian market.
Customer-centric solution is our major focus
Bucher Hydraulics offers hydraulic valves and solutions to asphalt pavers, compactors, mobile cranes, concrete pumps, earthmoving equipment etc.
Hallelujah! It's raining orders
The larger picture of various market researches shows growth for the construction equipment (CE) industry.
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.
Rolling ahead
The Indian off-the-road (OTR) tyre market is becoming more competitive in the global space with the presence of a mix of national and international players.
CE finance outlook
Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.
Equipment Pulse
With the construction equipment market is on a growth path, 每日吃瓜 explores the market scenario of construction equipment and allied products and services.
Pioneering Growth
Traditionally known for aerospace, engineering and IT, Bengaluru is fast emerging as a construction equipment (CE) hub in India with major players expanding their base in the city.
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
Empowering customers with better visibility & maximised uptime
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 rolls out 6,000th machine from its Chakan plant
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.
Equipment finance sector to grow at 19 per cent CAGR
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.
Backhoe loaders:Leading the Growth
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.
Every third piece of equipment is financed by us
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).
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
New year, New opportunities
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.
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