A leading global manufacturer of agricultural and construction equipment , Case New Holland (CNH) has 11,300 dealers in approximately 170 countries, with 12 per cent of its sales generated in the Asia Pacific region.
Research firm Knowledgefaber estimates the current market size of the Indian construction equipment sector to be $4.8 billion and expects it to grow to $17.5 billion by 2020 at a CAGR of 17.6 per cent. Indeed, strong fundamentals create a positive long-term view for road construction equipment.
What earthmoving equipment models can cut operational costs, and by how much? CW has some answers. Notwithstanding the change in government at the Centre, demand for earthmoving equipment appears to be stuck in a rut.
There´s some good news from the material handling equipment segment. ´We are seeing some signs of improvement; markets are trying to crawl back mainly on success in the roads sector and mining in certain pockets,´ says Manoj Agarwal, Head-Sales & Marketing, Escorts Construction Equipment. ´With roads opening up in a big way and a good monsoon prediction, we hope for a better second-half of the current fiscal.