In the mini-equipment space, after late June 2020, experts say, there has been a sudden rise in the sales of compact excavators, compactors, loaders, and other equipment segments, as manpower shortages owing to labour migration forced contractors to look at alternatives for quick completion of projects.
Overall, the construction equipment industry witnessed 20% year-on-year (YoY) volume growth in Q2FY21, followed by double digit growth in October and November 2020. Machines were even launched right in the middle of the pandemic.
Deepak Shetty, CEO and MD of JCB India, Jalaj Gupta of Mahindra & Mahindra, Dheeraj Panda of Sany Heavy Industry India, Rahul Shorey of Tata Hitachi, and Sandeep Mathur of CASE India share insights.
What is the future outlook of the segment? What are some trending models and new launches by the key players? What does the industry wish list look like? And how is the industry gearing up for the new emission standards? This article analyses how innovation will create new applications for the mini segment, while government investments will spur demand.
