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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.

Innovative Financing Models Fuel Growth

Innovative financing models are transforming the construction equipment sector, driving growth in emerging markets like India, where strategic partnerships and tailored solutions are accelerating infrastructure development

MYCRANE Launches Global Equipment Marketplace at bauma China

MYCRANE Marketplace allows users to buy and sell worldwide

Celebrating Excellence

The titans of the construction equipment industry were honoured at the 12th BKT 每日吃瓜 Awards 2024.

Tata Hitachi wins big at 12th BKT 每日吃瓜 Awards 2024

The Awards was held on 10 October 2024 at Jio Convention Centre, Mumbai.

Jaideep Shekhar is 每日吃瓜 Person of the Year 2024

He was selected during the 12th BKT 每日吃瓜 Awards held on 10 October 2024 at Jio Convention Centre

Jaideep Shekhar is 每日吃瓜 Person of the Year 2024

He was selected during the 12th BKT 每日吃瓜 Awards held on 10 October 2024 at Jio Convention Centre

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.

Loading the Future

Recent innovations in wheel loader technology have been transformative, and electric wheel loaders are at the forefront of this revolution.

MYCRANE doubles down in Saudi with two new recruits

MYCRANE, the first global platform for online crane rental, is responding to the rapid digital transformation of the Middle East by strengthening its team in the region.

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.

MYCRANE doubles down in Saudi with two new recruits

New hires will strengthen platform芒鈧劉s strategic investment in KSA

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.

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.

23 awards presented to Construction Equipment BESTSELLERS at 11th 每日吃瓜 Awards 2023

Dimitrov Krishnan, Managing Director, Volvo Construction 每日吃瓜, was recognised as the 芒鈧撁咳粘怨� Person of the Year 2023芒鈧� for his remarkable achievements during 2022-23

Hyundai CE announces dedicated compact equipment team in NA

Hyundai Construction Equipment America has announced a new team dedicated to its compact equipment line following the launch of its new skid steers and compact track loaders, along with updates to its mini excavators earlier this year at ConExpo-Con/Agg.

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.

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

Bringing sustainability to the fore

JCB has continued to make concerted efforts to conserve and optimise the use of energy.

Escorts Kubota's Q3 standalone profit doubled to Rs 186.4 cr

Revenue from operations was at Rs 2,263.7 crore in quarter ended December 2022 as against Rs 1,971.5 crore in corresponding quarter of the previous fiscal.

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.

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.

The exhibition will bring together next-gen technologies to power India芒鈧劉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.

We want to be India芒鈧劉s biggest marketplace for machinery and cars

Sameer Malhotra, CEO, and Sanjay Khanna, Business Head, Shriram Automall, speak on the market for construction equipment in India.

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

PPS receives Atlas Copco鈥檚 Distributor of the Year Award

Giving the award, Alexander Pavlov, General Manager, Atlas Copco Compressors, said: 鈥淎s a Premier Distributor, PPS has achieved outstanding results over the year that have seen a 90 per cent growth in new equipment sales, a 28 per cent increase within its service business, and the completion of several high-value major projects

Loaded with opportunities

The wheel loader market is estimated to be valued at over $23.74 billion by 2030. It is anticipated to reach a CAGR of over 8.9 per cent during the forecast period from 2022 to 2030.

CE export witnesses 60% growth in FY22

According to the Indian Construction Equipment Manufacturers Association (ICEMA) the export of construction equipment has increased by 60 per cent in FY22 with earth-moving equipment witnessing 69 per cent growth in the last fiscal year.

Opportunities for 45t class excavators are immense

Rahul Shorey National Head 鈥� Construction, Tata Hitachi Construction Machinery Company.

Paving the way ahead

While recent times may have been tough on construction equipment manufacturers, the compactor market is still brimming with optimism.

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.

OTR tyre market has bright prospect

India OTR tyre market stood at 11.2 million units in 2021 and forecasted to reach 15 million units by 2023. The market is likely to grow at a CAGR of 9.05 per cent in volume terms.

Unlocking the mining potential

The future of the Indian mining equipment market looks good with opportunities in underground mining and surface mining.

Fully loaded with opportunities

For a construction site to function without a loader may be impossible. Add to this the fact that the awareness to use the right tool for the right job is growing. The future of loaders looks bright despite the recent slowdown. The influx of new technology is ensuring that they are ever versatile and profitable to operate.

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.

Improving Machine Productivity

While the pandemic affected all industries, it positively contributed to the bearings industry. By accelerating value chain processes, and building future capabilities, the industry quickly adapted to meet the demands.

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.

Doosan Bobcat gearing up for expected 19% NA sales boost this year

Further proof that compact equipment sales have escaped the significant downturn felt by heavy equipment sales in the past year is shown in Doosan Bobcat鈥檚 Q4 and 2020 results.

Leavitt Machinery acquires Reliable Forklift

Leavitt Machinery, based in Surrey, British Columbia, has acquired Reliable Forklift Sales. Reliable, started in 2005 by Don and Mary Carlson, continues to experience tremendous growth year after year.

MAJOR welcomes new authorised dealer

MAJOR announces the appointment of Maxim Equipment as its new aggregate and mining screen media authorised dealer

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.

Mining market scenario

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

每日吃瓜 Awards 2020

At the 8th Annual 每日吃瓜 Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.

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.

Success with Hy-Brid Lifts鈥� PS-1930 non-folding rails

Superior Rents, a Missouri-based construction equipment rental centre, sees customer success with the non-folding rails of Hy-Brid Lifts鈥� PS-1930, leading to an increase in unit rentals.

Unlocking opportunities

Though the ongoing COVID-19 pandemic has put a brake on the growth of the bearings industry, the market is expected to bounce back and continue to grow from next year onwards.

Hy-Brid Lifts鈥� PS-1930 non-folding rails

Superior Rents, a Missouri-based construction equipment rental centre, sees customer success with the non-folding rails of Hy-Brid Lifts鈥� PS-1930

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.

Bracing for Future Opportunities

The engine is the heart of a vehicle or an equipment. So, engines play an important role in the successful operations of the equipment.

We have a long-term expansion plan for India

Bonfiglioli Transmissions has recently expanded its manufacturing facility in Chennai to double the production in India.

Escorts Q2 profit up

Escorts reported a standalone profit of Rs 1.046 billion in quarter ended September 30, 2019, up by 1.8 per cent as against a profit of Rs 1.027 billion in the corresponding period last year.

The Festival is back, Are Festivities back?

The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.

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.

Optimising efficiency

The installation of eight CXT UNO 2 cranes and two XM workstation cranes will be integral to the reliable production at Apex International's Nashik plant.

Shawmut Equipment opens new facility in Halifax

Shawmut Equipment of Canada, one of Manitowoc Crane?s dealer partners for success in North America, has opened a new facility in Elmsdale, Canada, near Halifax in Nova Scotia.

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.

A growing market

Telehandlers are extensively used as a utility lifting machine, usually equipped with a telescopic boom that can lift loads, mounted on a four-wheel drive chassis.

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.

Transforming Skill Landscape

Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.

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.

Global CE sales peak at 1.1 million units

The latest Off-Highway Research report reveals record sales in construction equipment (CE) globally, touching an all-time high of 1.1 million units in 2018, with a retail value of around $110 billion.

Cash flow is paramount for sustaining equipment market growth

Sunbeam Infra Equipments (A Division of Sunbeam Generators) launched a trailer concrete pump of 50 cu m per hour capacity and mixer pump at bauma this year.

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.

AUMUND F?rdertechnik appoints new MD

Dr.-Ing. Pietro de Michieli as its new Managing Director, to focus on equipment sales, spare parts, after sales service and PREMAS? 4.0, at the AUMUND headquarters in Rheinberg, Germany.

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.

Technology to drive INFRA growth

Infrastructure 2.0 is a movement to address issues with today's core network infrastructure in a customer's construction site to address the dynamic, automated nature of operation models like cloud computing, data center visualisation, IoT and usage of drones to keep site operations safe, secure, highly productive and efficiently managed.

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.

We will have our biggest presence in Excon this year

The construction equipment (CE) segment has already been riding a massive infrastructure push by the government. The CE market grew by around 32 per cent in 2016-17 (unit sales).

We desire to provide Affordable Uncompromised Mechanisation

The government has estimated a total infrastructure spending of about 10 per cent of GDP during 2012-17, up from 7.6 per cent during the 2007-12 period.

We see Excon as a business facilitator

Post GST, the construction equipment (CE) sector in India had a short term hit. Retail hiring segment was adversely effected, as it is more of unorganised sector.

Reasons to cheer

Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.

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.

Safe Lifting solutions

An advanced new Hyosung manufacturing plant supplying critical components for India's electrical power distribution grid is using Konecranes lifting technology to help ensure outstanding safety, efficiency and reliability.

Industry?s Take

In India, largely the coal produced is consumed locally, and not exported. Coal India is not able to reach their target of coal production. For higher production and for meeting the target, they need good machines.

Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

Creating Value for Mining Machinery Companies through Services

Service strategy of any mining machinery service companies should be designed to maximise service-based value creation to OEM or end customers. Ranjit Ravindran elaborates...There is no one-size-fits-all service strategy to suit every machinery company, but there are three broad models that cover how most can make money from services

Expectations Post Monsoons

Slowdown in construction activities, all around the country, is a predictable annual feature. It is time for the industry to recharge its batteries, rejuvenate equipment fleets, invest in skill development and be ready to meet the frenzy post monsoons.

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.

MARC | The Way to Success

Maintenance & repair contract, more popularly known as MARC and more generally termed as full maintenance contract (FMC), has caught the imagination of mines operators in India.

Path Breakers

The upcoming and ongoing infrastructure development projects and expansion projects, along with the increased mining activities, have driven the growth of rock breakers.

Exceeding Expectations

According to a report released by ICEMA, the current market size of the construction equipment including backhoe loader, concrete mixers excavator is around $2.8 billion. Further, the Indian construction equipment industry

We have sold more than 200 machines in three states

In 2007, I met Korak Paul Choudhury, then Managing Director of LiuGong India, and later visited their manufacturing facility in China. Seeing their robust product pipeline, I gained a lot of confidence in their foray into India.

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