
Users identify gaps in the availability of material handling equipment
Mobile cranes upswing
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- material handling equipment
- Dimitrov Krishnan
- Indian Construction Equipment Manufacturers Association
- ICEMA
- Volvo CE India
- construction equipment industry
- equipment industry
- mobile cranes
- Samir Bansal
- Off Highway Research
- Arup Deb
- ITD Cementation
- Munish Taneja
- Indiabulls
- Suprabhat Sarkar
- Teknomin Construction
- Sachin Chilana
- Time Equipment
- Charu Bahri
Despite the ups and downs of overall business, a reason for cheer is the stable sales of material handling equipment.Quoting ICEMA’s Annual Data Report 2021-22, Dimitrov Krishnan, President, Indian Construction Equipment Manufacturers Association (ICEMA), and Managing Director, Volvo CE India, points out, “The material handling equipment segment, which accounts for about 9 per cent of the construction equipment industry’s sales, remained largely stable during FY 22, witnessing ~2 per cent YoY [year-on-year] growth to about 7,895 units.”Mobile cranes upswingMobile cranes are a leading constituent of the material handling equipment segment. From a peak of 11,827 units in 2018, the overall demand for mobile cranes fell through 2019 and 2020, only to recover…To read the full article, CLICK HERE