At Murphy, we believe the mining, construction and material handling equipment industry has a very positive outlook at the moment. In the previous year or so, we have seen considerable activity on the ground with regards to infrastructure growth, and this should result in improved sales for the equipment manufacturers as we move into 2017.
The global Internet of Things (IoT) market is primarily driven by the advancement in technology of electronic devices, according to research report “Global Internet of Things (IoT) Market Outlook 2023”.
Demand for earthmoving machines is poised to grow and shift from backhoe loaders toward new bestsellers. The Indian construction equipment industry, currently worth $2.8 billion, is expected to grow to $5 billion by 2019-20, according to the Indian Construction Equipment Manufacturers' Association (ICEMA).
With Bauma 2016, renews its commitment to equipment manufacturers in the construction sectors. This year’s event will see us present some of the biggest changes to our product range for more than 20 years. These changes will enable Original Equipment Manufacturers (OEMs) to meet the opportunities and challenges of a rapidly changing global business environment.
The Indian construction equipment industry has sought cut in excise duty from the Government due to a severe drop in demand amid slow execution of infrastructure projects. Indian Construction Equipment Manufacturers Association (ICEMA) has sought relief measures from the Government as the industry has already witnessed a negative growth of over 30 per cent during the past two years.
The seventh edition of Excon, the hugely popular construction equipment exposition, to be held in Bengaluru next month, will provide a platform for construction sector players worldwide to showcase their machine power.