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Desk
Shifting Gears
From extremely low demand and excess manufacturing capacity
in the country half a decade ago, the material handling equipment
industry has witnessed a phenomenal growth. Today, the frenetic
pace of capacity enhancement, and the shift towards more versatile
and capable equipment to meet the ever increasing demands
of projects, is mind boggling! The industry has seen a perceptible
shift, both quantitatively and qualitatively over the last
few years. Industry sources reveals that the most important
changes that have happened to the material handling equipment
industry are outsourcing of material handling, and the visible
shift towards palletisation of loads. The shrinking timelines
to complete a greater quantum of construction and erection
work has not only resulted in a higher level mechanisation,
but also required higher capacities of equipment with greater
emphasis on the safety and uptime.
On the other hand, with rising fuel and power costs and the
concern about environment, has made every organisation to
discover and rediscover for fuel efficient and less polluting
equipment. More and more customers are focusing on greener
and cleaner alternatives for the current processes which have
started reflecting in the design of latest products in the
industry.
At the same time, the rise in the price of steel and other
components has become a dampener. According to experts, since
the crane demand is mainly depending on the infrastructure
spend and the activity levels, the demand has not slackened
despite the inflationary pressures so far. However if the
prices of steel and other input keep rising, in a mid term
to long-term perspective, it would affect the infrastructure
projects viability which in turn would affect the crane industry
too as the case would be for all other industries cutting
across the sectors. As of now, market remains buoyant despite
inflationary pressures.
As the industry is maturing, the customers is now looking
at material handling equipment as a solution to meet the requirements
rather than a product. The growing markets have ensured a
very tight demand supply scenario. The equipment manufacturing
industry as per the sources is well equipped to meet the changing
requirements of the market with a wide range of products which
offers higher capacity, higher reaches and are versatile with
greater mobility and enhanced safety. EQUIPMENT INDIA brings
you an exhaustive information on the present trends and a
wide range of equipments from major players in the industry.
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