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CONSTRUCTION EQUIPMENT COMPANIES IN INDIA - BESTSELLERS
Equipment

CONSTRUCTION EQUIPMENT COMPANIES IN INDIA - BESTSELLERS

With the Indian Government’s focus on the infrastructure sector, growth is expected in allied industries as well. Whether it is cement, steel or building material, each segment is witnessing action. The construction equipment industry has also witnessed good traction. Considering the second h...

With the Indian Government’s focus on the infrastructure sector, growth is expected in allied industries as well. Whether it is cement, steel or building material, each segment is witnessing action. The construction equipment industry has also witnessed good traction. Considering the second half of CY20 and first half of CY21, the volumes of construction equipment manufacturing in India seem to be on a growth trajectory. India is the fourth largest construction equipment market in the world, as China stands in first position, all by volume. The performance of construction equipment peaked in FY18 and then witnessed a decline. However, if the current scenario is considered, it is likely that, by FY22, volumes are expected to move towards peak volumes posted in FY18.                 In 2020, the industry as a whole witnessed around 63,500 units of construction equipment sold (a decline of 10-12 per cent). After this decline, the industry registered a growth of 65 per cent during January-June 2021 compared to the previous year, despite the second wave of COVID-19 impacting sales for a couple of months. The percentage growth may look higher as the base for the corresponding period in 2020 was lower. However, the growth is expected to sustain over the second half of CY21 as well. In all, the volume growth could be estimated in the range of 22-25 per cent.   Further, increased investments and the growing construction sector are expected to drive the Indian cranes market in the future. The cranes market is anticipated to register a CAGR of over 5 per cent during the forecast period 2020-2025. A considerable increase in construction activities represents one of the primary factors strengthening the growth of the crane market in India. Cranes are widely employed in different processes and discrete industries like oil and gas, power, civil engineering, construction and petrochemical industries to lift and transport heavy materials. With sectors showing growth prospects, volume growth is expected to be good. Like cranes, the material handling equipment segment is also expected to showcase growth. The forklift trucks market is expected to register a CAGR of over 6 per cent compared to diesel and petrol products during the forecast period 2020-2025. Forklift trucks are among the most common material handling equipment in the market.Overall, the construction equipment scenario seems to be improving and this is likely to continue till FY23. CONSTRUCTION EQUIPMENT COMPANIES - BEST SELLERSAsphalt Finishers: Ammann IndiaBackhoe Loaders: JCB IndiaCompaction Equipment: CASE IndiaCrawler Dozers: BEMLCrawler Excavators: Tata Hitachi Construction Machinery CompanyMini Excavators: Tata Hitachi Construction Machinery CompanyMobile Cranes: Action Construction Equipment Motor Graders: Caterpillar India Rigid Dump Trucks: Caterpillar India Skid-Steer Loaders: Doosan Bobcat India Wheeled Loaders: JCB India

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Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

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Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

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Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

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