The development of construction and mining gear industry is interlinked with the growth of the Indian economy and indirectly with the growth of infrastructure.

The last few years have witnessed a phase of restructuring in the market by way of acquisitions and joint ventures. This also reflects the active interest of international majors in the domestic industry. A lot of international players have also appointed promoting agents for importing and promoting complete gear in India. (pulverizer in India)

The construction and mining gear market is dominated by a handful of massive manufacturers in each and every solution segment. BEML supplies to almost half the total industry. BEML and Caterpillar lead in dumpers and dozers even though L&ampT Komatsu and Telcon lead in excavators , JCB India in backhoe loaders and Escorts Building Equipment Ltd. in Mobile Cranes.

Structure of the Sector 71% of the sector comprises of public limited organizations like PSU’s and 29% private limited, or joint ventures such as closely held private limited companies.

75% of the companies manufacturing in India had been involved in the whole range of activities like style and engineering, manufacturing, erection, servicing and commissioning. There are only a handful of businesses who act as promoting agents for international players. There are other individuals who manufacture and also import total equipment or in SKD situation from their principals abroad and market them.

Since each piece of the gear in this solution category has substantial worth, a quantity of firms have a turnover of more than one hundred crores and the bigger ones have a turnover above Rs.1000 crores. The technology barriers have produced the sector much less fragmented in the mining machinery sector whereas it is fragmented in the road construction gear and the material-handling segments. The international trend in the earthmoving and mining segment is one of consolidation. This trend is also beginning to be observed in India. Some international firms are seeking at the prospects of enhancing their industry presence primarily based on higher investment in mining and infrastructure and also using their Indian operations to meet demand in South and South East Asia.

The industry’s expectations of the most likely future evolution in this sector is represented right here in graphical type. Most of the existing players expect that new players will enter the Indian industry.

Most manufacturing businesses in this sector in India have design and engineering departments catering to their in-house requirements and all of them are fairly properly equipped utilizing CAD/CAE. This is needed since although the merchandise might be relatively normal, there are changes, which require to be incorporated as per customer specifications and for product improvement.

The percentage of engineering hours spent on undertaking engineering rework was identified to be an typical of 12% ranging from .5% to 20% in some organizations.

90% of the firms with technology collaborations have completed technology absorption. Even so most of the vital components are being imported and most of the technologies absorption is in terms of non-essential items, or medium / low technology products. 35% of the companies even so, faced difficulties in retaining the personnel who have been trained abroad during the technology absorption phase.

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