Demand for material handling equipment in India is inching upwards. “We expect the Indian material handling equipment segment to grow at a CAGR of 8-10 per cent in the next four to five years, ahead of the 5 per cent growth projected globally,” predicts Pradeep Sharma, President, Action Construction Equipment (ACE).
India is seeing an all round growth in the market for material handling equipment. "The investment cycle has picked up steam since Q3 FY2018, and we are seeing a good traction on the enquiry generation front," says Tushar Mehendale, Managing Director, Electromech.
We will be exhibiting both our group companies at BAUMA CONEXPO INDIA this year – ElectroMech and Zoomlion-ElectroMech. At the ElectroMech booth, visitors will get to experience our huge range of industry-leading material handling equipment and will also be able to interact with our solutions experts present there.
crane use in India is pushing the envelope. Consider the following. In January 2016, HN Construction of Bokaro Steel City took delivery of a new Terex Explorer 5800 All Terrain crane, India's first Explorer series crane.
The past few years have been challenging for the crane industry. While industry voices affirm that a turnaround has begun, the consensus seems to be that overall growth will be muted in the near term.
Material handling equipment´s major product lines are pick & carry cranes, forklift trucks, rough-terrain cranes, truck-mounted cranes, crawler cranes, tower cranes, reach stackers, lorry loaders and aerial work platforms.
While realtors are enjoying the power of tower cranes, vendors are awaiting the revival of the infrastructure market. Elections are over. The new Government has assumed office. But construction equipment markets are yet to pick up.
CW asked industry players what they were looking for in Budget 2012. Here are some answers, across sectors. To speed up infrastructure growth, the government should frame a suitable plan to promote public-private JVs and influx of FDI.
Materials can be handled mechanically or manually. Ambitious projects and a focus on quality are driving material handling equipment usage, Material handling equipment has traditionally been pitted against low-cost labour in India. So, substantially capital expenditure-intensive material handlers - including a variety of cranes