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Construction : Web Exclusive | April 2018 | Source : Equipment India

bauma CONEXPO bullish on Indian CE market

With the upward trend in the Indian construction machinery market continues, bauma CONEXPO INDIA is preparing for a vibrant event this year. According to the organisers, many key industry players have already confirmed their participation in this year’s event to be held during December 11-14 at the HUDA Ground in Gurgaon. These include Action Construction Equipment, Bauer, Hyundai, KYB-Conmat, Manitou Equipment India, Puzzolana, Schwing Stetter India, Volvo India, Wacker Neuson and Wirtgen India.

After an exceptional gain of 34 per cent in 2016, the German Engineering Federation (VDMA) determined a still very considerable growth of 12 per cent for 2017. “And also the start of 2018 was extremely positive, as the first months witnessed a strong sales performance,” reports Sebastian Popp of the Construction Equipment and Plant Engineering Association in the VDMA. The Indian Brand Equity Foundation (IBEF) estimates that in the fiscal year 2018 (April 2017 until March 2018), almost 97,000 construction machines were sold throughout the country.

Off-Highway Research believes that the sale of bulldozers in India will increase by more than 25 per cent over the next five years. According to experts, quite a few foreign companies managed to conquer significant market shares, competing with the domestic and dominating bulldozer manufacturer BEML. In the Indian construction machinery market, crawler excavators and backhoe loaders remain a mainstay. According to IBEF, these two types are expected to account for 68 per cent of the units sold in 2018. Crawler excavators are estimated to yield the highest growth rate.

 
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