Schwing Stetter MD: YoY demand for concrete equipment will be at 20-25%

Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation and recycling. Schwing Stetter (India) manufactures concrete batching plants, concrete placing booms, concrete pumps, truck mounted concrete boom pumps, shotcreting machines, concrete truck mixers for transporting readymade concrete to construction sites, concrete truck mixers with concrete pumps, concrete recycling plants, plastering pumps, self-loading concrete mixers, self-propelled concrete mixers and sludge pumps. Speaking on the concrete equipment market, which is going through a difficult phase due to the coronavirus pandemic, VG Sakthi Kumar, Managing Director of Schwing Stetter (India), had this to say: “The concrete equipment market is no exception in this pandemic, but not to the level of other equipment segments like excavator, transport, haulage or similar equipment. We have seen the fast recovery in the end of 2020 and ended up in a decent sales volume (15% less than last year). The current market size is approximately at 150 batching plants, 150 concrete pumps, 750 concrete truck mixers and 350 to 400 self-loading mixers per month, provided the lockdown restrictions does not affect the demand from the industry. The year 2021 should see an increase of 20% over 2019.” He added, “The YoY demand will be at 20 to 25% in today’s scenario. Roads and highways will be the real differentiator. Metros and high-speed rail will give the momentum to the business. This can be met by Government’s keen initiatives on completion of existing projects and awarding new projects.” Read full interview