Bauma Conexpo India 2018

The fifth edition of Bauma Conexpo India 2018 reflected on the growth drivers of the construction equipment industry.

At the fifth edition of Bauma Conexpo India 2018, held at HUDA Ground, in Delhi, between December 11 and December 14, 2018, attention was drawn to the drivers of growth reflected in the Construction Equipment (CE) industry. Touching upon every aspect of the CE industry, in-depth, the trade fair categorised the CE industry into four different sectors: Allround construction sites, mining, extraction and processing of raw materials, production of building materials and component and service suppliers. For instance, the all-round construction sites displayed construction vehicles, earth-moving machines, road construction and maintenance equipment, lifting appliances and conveyors, construction equipment, tools and special systems for handling and processing concrete and mortar at construction sites beside also showcasing formwork and scaffoldings, and site installations on display. Under the segment of mining, extraction and processing of raw materials, the focus was on mining, extraction and processing of raw materials, handling of raw materials, and mineral processing. Production of building materials drew

attention to the manufacture of cement, lime and gypsum compounds for building materials, machines and systems for producing concrete, concrete products and pre-fabricated components, machines and plants for producing asphalt, machines and plants for producing premixed dry mortar, plaster, screed and building supply store products, machines and plants for producing lime sandstone and building products using power plant residue, and building material handling and packaging plant. Component and service suppliers highlighted transmission engineering, fluid technology and power generation units, accessories and wear parts services, test, measurement and process control engineering, communication and navigation beside also touching upon job safety.

With the rising impetus to develop infrastructure in the country, for instance, the government’s policy to attract private sector participation in the road sector, and the vision to connect all villages in India through a road network by 2019 under Pradhan Mantri Gram Sadak Yojana (PMGSY) among others are said to have proved to be a boon for the infrastructure industry. Public Private Partnership (PPP) model, for example, is claimed to have benefitted a large number of private players entering the sector. According to Indian Brand Equity Foundation (IBEF), India is expected to become the third largest construction market globally by 2022 with an estimated investment requirement of Rs.50 trillion in infrastructure by 2022 if the country were to achieve sustainable development. According to Department of Industrial Policy and Promotion (DIPP), the construction development sector and infrastructure activities sector received Foreign Direct Investment (FDI) inflows amounting to USD 24.87 billion and USD 13.11 billion, respectively from April 2000 to June 2018. A total of 91 M&A deals worth USD 5.4 billion in 2017 were concluded in the Indian infrastructure sector alone. From January 2018 to November 2018, the country’s infrastructure sector witnessed Private Equity (PE) deals valued at 1,827 million. Valued at USD 3.2 billion in FY2017, and projected to grow at a Cumulative Average Growth Rate (CAGR) of 6.8 per cent during FY2018-24, estimated to cross USD 5.3 billion by FY2024 experts are optimistic of the sector sustaining a positive trend across its respective sectors. At Bauma Conexpo India 2018, the forecast was to expect the demand for cost-effective machines and regulatory pressures for lower emissions, to further push the CE manufacturers to consider the scope of electric and hybrid vehicles in the Indian context over the use of conventional hydraulic and mechanical machines.