Indian Crushing Screening Equipment Sector – Watching The Growth Numerals!

The Indian crushing screening sector is facing a series of sweeping and path-breaking changes, in terms of the higher demand which is being supported by the government’s latest plans to develop the field of infrastructure and create world-class structures, due to the beneficial positing of the equipment players’ contribution to produce and bring in service in the construction genre with the most advanced and progressively innovated equipment for serving the prime endeavour of growing the stand outs of the nation.

The demand for mining equipment is soaring across the globe and India will remain a beneficiary of this ride. A study says the world mining equipment sector can grow at a compounded annual growth rate of 7.9 per cent between 2019 and 2022, to reach a value of over US$150-billion by 2022. The study also indicates China will continue to be the largest national market; India will rank as the fastest growing.

In this series the crushers and the screen manufacturers are viewing ahead for creating and doing a higher number of sales, especially during the mid-term and the end-term periods of the year in the various sub-segments, as these keynotes are witnessing the growing demand and are ready to bring in the best sales records. According to the said sector’s prime estimates, the demand in the market is forecasted to grow to the numerical of about 15-20 percent, exclusively in the coming mega fiscal year of 2019-2020. This burgeoning demand potential is further predicted to be taken forward by the consumers’ requirements of owning the wheeled and the stationary product series. Moreover, the tracked plants are believed to cross the diminishing demand phase for a quality period from the present time scale, in order to meet the business plans for creating better sales numbers through the tracked units.

The ‘Infra Influence’

Furthermore, with the infrastructure and construction sectors working on a fast track modes, majorly in the road sector, the aggregate processing has now become quite cardinal to take care and support the activities on the construction industry’s front, in order to match the pace of the rising demands to be quenched with the best and the latest technologically advanced products. Although, it is not possible to catch up the exact numerical for which the crushed and the screened ratio would be required, yet it is expected be in the excel of a billion tonnes per annum, atleast as estimated for the next mega decade time zone. At the same time, there could be some limitations put forward due to the sand mining opening some new opportunities for the manufacturers, which could directly impact the positive prospects of the crushing and the screening market players. Still, it is on record now that the overall demand hit for the crushing and the screening market is attaining a peak graph and it is believed to witness a good growth period for the next few years.

‘MARKET SIZE AND GROWTH RATE’

According to sources, the construction equipment industry can grow as much as six-fold to US$20 billion by 2022. Since nearly a quarter of total construction equipment share is spent on crushing, screening, and aggregate plants, this industry is among the key beneficiaries of the building boom.

‘KEY PLAYERS’

• Apollo Equipment India
• CCS Projects & Equipment
• L&T Construction and Mining Machinery
• McNally Sayaji Engg
• Metso
• Proman Infrastructure
• Sandvik India
• Terex
• Thyssenkrupp
• Wirtgen India

Status on the ‘Demand Growth’

The big demand channelization in the market is researched to be shown by the manufacturers who are representing the wheeled and the stationary segment, and these will also come up more from the core projects of the infra fields which may primarily include the hydro power projects. This means that there is a possibility of the emergence of newer solutions in the next five years, which will prove to being rich pricing and competitive dividends and add to the service support system of the mega leaders.

In addition to the demand potential sequence, there is a higher capacity of requirement for the wheeled plants which may range to around 250-350 tph. Such kinds of demands are creating a further need of steel skid type of plants as compared to the traditional stationary plants. So there is an important need for safety measures and pollution control features. Therefore, more and more aggressive researches and developments are going to be on threshold to bring in the best equipment, for matching the growing specifications of various high-scale projects. To conclude, it could be said that a customized product solution is a latest and very new kind of demand trend which is going to influence the numerical of every intricacy of the crushing and screening equipment market, to create a lasting trade success for attaining a sound progressive period in the coming period.

‘GROWTH DRIVERS’

In the Finance Budget 2019, Union Finance Minister has announced the building of national highways and upgradation of state highways. It has allocated a whopping budget to the road sector, which will fuel demand for crushing equipment in the immediate future. The ‘Make in India’ is another initiative of the present government that will have a far-reaching impact on the crushing industry. To reap the resulting benefits, industry leaders are currently drawing up strategies involving quick plant deliveries, easy scalability, and mobile crushing solutions that promise minimum relocation costs.