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Export a new opportunity for construction equipment industry
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The Indian CE market has been hobbled by the fact that the bigger machines are imported from China, Korea and Japan.
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Indian companies both local and MNC have so far been exporting 12-13% of their produce but that is now set to change.
(This story originally appeared in on Feb 25, 2021)The $6.5 billion construction equipment industry in India sees an export as the new BS4 emission standards have opened up opportunities to tap developed markets like North America, Europe and UK.
Said Sandeep Singh, MD Tata Hitachi and president of Indian Construction Equipment Manufacturers Association (ICEMA): So far we were selling Tier 2-3 machines in India but with BS4 which is equivalent to BS6 of the auto industry, a number of developed markets will open up for us. We can now look beyond the Middle East and Africa to Europe, North America and the UK in terms of export opportunities.
(MENAFN - Coherent Market Insights) A construction dumper is generally a piece of heavy equipment that is used in construction or mining activities. It is used in all mining operations including processing, laying down of pipes, conveyor belts, light poles, etc. It can be used for a wide range of applications, as it can easily handle a load of more than one ton. A construction dumper is specifically designed and built to carry all the required material from one place to another safely and easily
The growing construction industry around the globe is primarily propelling the growth of the construction dumper market. Moreover, increasing mining activities as dumpers are used to move heavy material easily and quickly such as sand, gravel, aggregates, and others is again propelling the growth of the construction dumper market. According to the National Mining Association, on average, every American uses around 3.4 tons of coal and nearly 40,000 pounds of newly mined materials each year