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LEAD STORY CONSTRUCTION EQUIPMENT Reaching

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LTM 1300-6.3

Mobile and crawler cranes

Liebherr India Private Limited
Kolkata Office:
J. K. Millennium Centre, Block-A, 3rd Floor 46-D,
J L Nehru Road (old Chowringhee Road)
Kolkata 700 071, INDIA
Mobile: +91 9836243377
Email: subhajit.chandra@liebherr.com
of excavator manufacturers on development of efficient and productivity of the crawlers. These machines are efficient in terms of
technologically advanced products with better control systems is operational drawbacks or malfunction as they automatically inform
making the use of excavators easier, thereby driving the growth of service centers and reduce costs. The crawler machines with their
the market. safer and faster removal of debris, along with the ability to function
The widespread adoption of automated excavators is driving the even in muddy conditions have gained prominence worldwide. As
market growth immensely. These excavators aid in minimizing labor per a report by Off-Highway Research, the long-term future trend for
costs and facilitate remote tracking of operations. Additionally, the excavator industry remains positive and demand is expected
various product innovations, such as the utilization of fuel cell-based to grow with a CAGR of 16% during 2021-2023 and reach 28,000
electric motors to power excavators, are the other growth-inducing units but is expected to come down to 25,000 units in 2024 due
factors. In comparison to a diesel engine, fuel cells are lighter and to the election year.
more efficient, thereby increasing the cabin space for the operator
and improving the overall productivity of the machine. Backhoe Loaders – High on Performance
In the next few years, excavators will be widely used in construction The backhoe loader is in trend due to its versatility, mobility, low
work, including both traditional infrastructure projects such as roads ownership, operating costs, easy financing, excellent resale value,
and bridges, and new-model infrastructure programs such as 5G and widespread availability of after-sales support. Specialist
signal towers, charging stations for electric vehicles and urban machines such as mini and midi excavators and telescopic
renewal. About 30% of the machines are fitted with telematics handlers – although more efficient in some applications – are
on site that could ascertain fuel efficiency, health check of the considerably more expensive to buy and maintain and do not
engine, transmission, how the machine has worked and access have the mobility offered by backhoe loaders. These factors make
all information online. This telematics trend is set to capture the backhoe loaders the preferred choice of small contractors and
Indian market in a couple of years giving competition to Europe first-time buyers, as highlighted by Off-Highway Research report.
and Japan. According to Technavio, the backhoe loaders market has the
The high demand for oil & gas, infrastructure, commercial spaces, potential to grow by $1.59 bn during 2021-2025. Demand for
and others associated with the growing population is expected to backhoe loaders in India declined only 4% last year, despite the
drive the demand for the product. Prominent companies such as impacts of the Covid pandemic.
Terex Corporation are heavily investing in R&D that is likely to favor According to Persistence Market Research, the past few years have
the global excavators market growth. The recent trend of the market favored the use of backhoe loaders in the residential construction
shifting from traditional to automated products has increased the sector, owing to rapid population expansion and a rise in gross

38 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2022