Users identify gaps in the availability of material handling equipment
Equipment

Users identify gaps in the availability of material handling equipment

Despite the ups and downs of overall business, a reason for cheer is the stable sales of material handling equipment.

Quoting ICEMA’s Annual Data Report 2021-22, Dimitrov Krishnan, President, Indian Construction Equipment Manufacturers Association (ICEMA), and Managing Director, Volvo CE India, points out, “The material handling equipment segment, which accounts for about 9 per cent of the construction equipment industry’s sales, remained largely stable during FY 22, witnessing ~2 per cent YoY [year-on-year] growth to about 7,895 units.”

Mobile cranes upswing

Mobile cranes are a leading constituent of the material handling equipment segment. From a peak of 11,827 units in 2018, the overall demand for mobile cranes fell through 2019 and 2020, only to recover…


To read the full article, CLICK HERE

Despite the ups and downs of overall business, a reason for cheer is the stable sales of material handling equipment.Quoting ICEMA’s Annual Data Report 2021-22, Dimitrov Krishnan, President, Indian Construction Equipment Manufacturers Association (ICEMA), and Managing Director, Volvo CE India, points out, “The material handling equipment segment, which accounts for about 9 per cent of the construction equipment industry’s sales, remained largely stable during FY 22, witnessing ~2 per cent YoY [year-on-year] growth to about 7,895 units.”Mobile cranes upswingMobile cranes are a leading constituent of the material handling equipment segment. From a peak of 11,827 units in 2018, the overall demand for mobile cranes fell through 2019 and 2020, only to recover…To read the full article, CLICK HERE

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000