+
Bright prospects for mobile cranes
Equipment

Bright prospects for mobile cranes

Mobile cranes in India have come a long way since being pioneered by Escorts about 40 years ago. Ajay Mandahr, CEO, Escorts Construction Equipment, reminisces that Escorts was the first to offer the Hydra range of cranes, which are capable of both lifting and carrying a load as against cranes that just lift and do not carry, and later introduced the Hi-PNC (new generation pick-‘n’-carry) crane. On the back of the great success of pick-‘n’-carry cranes, Escorts soon evolved into a leading player of mobile cranes globally.

Today, pick-‘n’-carry cranes and truck cranes are typically considered to make up the mobile cranes segment, which has been buoyant in the past two years, according to Pradeep Sharma, President, Action Construction Equipment. In the last year alone, he notes that mobile crane sales crossed the 11,000 unit mark, the highest ever in terms of volume. Sharma expects the demand for mobile cranes to touch all-time highs in coming years.

Mandahr reckons the annual demand for mobile cranes exceeds 10,000 units and expects this class to grow at a CAGR of 15-18 per cent over the next five to six years. According to him, infrastructure development, spanning roads, railways, etc, is the major driver of the market. “Mobile cranes also find use in the defence, industrial, housing and port-handling sectors. In future, we expect the housing sector to emerge as the next big driver to further propel this segment.”

Urban infrastructure such as metro projects across Tier-I and Tier-II cities; freight corridor, airport expansion and modernisation; Swachh Bharat and smart city projects; elevated roads, advanced rail networks and the upcoming bullet train project; infrastructure development including roads (Bharatmala), flyovers and bridges; and refinery expansion are driving the demand for mobile cranes, says Sharma.

CHARU BAHRI

Mobile cranes in India have come a long way since being pioneered by Escorts about 40 years ago. Ajay Mandahr, CEO, Escorts Construction Equipment, reminisces that Escorts was the first to offer the Hydra range of cranes, which are capable of both lifting and carrying a load as against cranes that just lift and do not carry, and later introduced the Hi-PNC (new generation pick-‘n’-carry) crane. On the back of the great success of pick-‘n’-carry cranes, Escorts soon evolved into a leading player of mobile cranes globally. Today, pick-‘n’-carry cranes and truck cranes are typically considered to make up the mobile cranes segment, which has been buoyant in the past two years, according to Pradeep Sharma, President, Action Construction Equipment. In the last year alone, he notes that mobile crane sales crossed the 11,000 unit mark, the highest ever in terms of volume. Sharma expects the demand for mobile cranes to touch all-time highs in coming years. Mandahr reckons the annual demand for mobile cranes exceeds 10,000 units and expects this class to grow at a CAGR of 15-18 per cent over the next five to six years. According to him, infrastructure development, spanning roads, railways, etc, is the major driver of the market. “Mobile cranes also find use in the defence, industrial, housing and port-handling sectors. In future, we expect the housing sector to emerge as the next big driver to further propel this segment.” Urban infrastructure such as metro projects across Tier-I and Tier-II cities; freight corridor, airport expansion and modernisation; Swachh Bharat and smart city projects; elevated roads, advanced rail networks and the upcoming bullet train project; infrastructure development including roads (Bharatmala), flyovers and bridges; and refinery expansion are driving the demand for mobile cranes, says Sharma. CHARU BAHRI

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?