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Entering an era of transformation
Off-the-road tyre manufacturers and suppliers are facing brand-new difficulties as a result of technological advancements and evolving end-user needs that are pushing the market into uncharted terrain.
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.
On the Move!
The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.
S. Chandra of Liebherr: Crane equipment rental has good future
Subhajit Chandra, Divisional Head – Mobile Crane Division, Liebherr India, speaks on how the market for medium and heavy-duty mobile cranes is progressing in India.
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.
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.
Can Mobile Cranes Lift the Mood?
Mobile cranes in India have transformed into safer and productive with changing design and new features to meet the upcoming demands from the user market. In the current scenario, can these developments in mobile cranes lift the market sentiments?