The demand and sales of construction equipment are likely to continue in 2017 after a significant growth in 2016 on the back of demand from Roads & Highways sector. The government investments of Rs.3.96 lakh crore in 2017-18 for India's infrastructure development will further boost the country's heavy construction equipment industry.
As we know the investments in the infrastructure sector are the main growth drivers for construction machinery. The growths in the sales of heavy machines entirely depend on infrastructural development in any region or country.
Here we will see, the five major construction machines which would witness the demand due to the investment in Roads, Railways, Ports and others infrastructure sector in India in 2017-18, it would drive both new and used construction equipment segment in the country.
The excavator is the most versatile heavy equipment in the construction field. It is used for digging holes, foundation, and trenches, breaking asphalt, dragging and lifting materials, leveling area and other construction tasks. It comes in three different sizes, like Mini- excavator, Medium- excavator, and Large- excavator.
The sizes are designed to meet different kinds of work at the construction sites. The big size excavators are used for flyovers and highway projects. The small sizes use for smaller road construction jobs or different other construction projects across the infrastructure sector.
The machine will witness the huge demand during 2017-18 as the government announced to pour record Rs.3.96 lakh crore in infrastructure developments. This multi-tasking construction equipment will be used for various types of construction projects.
This is the most popular heavy construction machine, it alone constitutes around 45 percent market share of Earthmoving equipment due to its versatility and multi-tasking ability. The machine used for small demolition, digging holes, paving roads, breaking asphalt, laying pipes, setting up drainage system, transport heavy items with the help of various attachments.
This multi-purpose heavy equipment will also get a boost from the infrastructure investments in the country. Various market reports suggest the growth of Backhoe loaders in India is very optimistic over the period of the next few years.
It is one of the important Earthmoving equipment, is used to create a flat surface during the road construction process. Its long blade helps in creating a flat surface during the grading process of road construction. It's generally used for construction and maintenance of gravel road and dirt roads. While building paved roads, it is used to prepare the base course to create a wide flat surface on which asphalt is placed.
It is also used for Leveling of soil, Spreading of soil & aggregates etc, Trenching, land grading, moving earth from one place to another, Ditching and various other tasks.
The sales of the Motor grader likely to get a boost from the budgetary allocation of Rs. 2.41 lakh crore for the development of transport infrastructure alone, including Railways, Roads and Ports sectors.
The compactor also known as Road roller machine, it is used for the construction of the roads. The machine would surely be in the demand in 2017-18 as the Union Finance Minister has allocated Rs. 64,900 crore for construction and expansion of Highways and also identified to construct 2,000 km of coastal roads. The compactor is used for compacting soil, concrete, gravel or asphalt during road construction and foundations process. It's generally used for compressing the surface.
Asphalt Mixing Plant
Asphalt mixing Plant is one of the major road building equipment. The government announcement for expansion of the highway network in the country will continue to drive the sales of Asphalt mixing Plants in 2017. The government has planned to build 42 km of road per day.
Even the sales of used construction equipment will also be in demand as many small and big contractors also prefer using second-hand construction equipment.