14 December 2018

Curtain Raiser- Bauma Conexpo India 2018

Raising the Construction bar

 

bauma CONEXPO INDIA is yet again ready with its fifth innings. To be held at the HUDA Ground in Gurugram from December 11 – 14, 2018, this event is poised to provide growth dimensions to construction companies.

 

bauma CONEXPO INDIA is one of the leading platforms for tapping into the important growth market of India. In 2016, 32,644 participants and 647 exhibitors—of which 57 percent were international companies—from 30 countries came to the fourth International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles, which occupied a total of 150,000 square meters of space.

 

 

bauma CONEXPO INDIA 2018

 

Positive trend for the Indian construction machinery market

 

There is a positive trend in all sectors of the construction machinery industry in India for the years to come. Bhupinder Singh, CEO of bC Expo India, is pleased: “We expect this good development on the Indian market to be reflected in the next event.” bauma CONEXPO INDIA has become the industry’s key meeting point in India in recent years.

 

Exhibitors present at the last event back up this trend. Payal Koul Mirakhur, Vice President of Invest India, explains: “We find that this is the best opportunity for Indian companies to show the international community what facilities India has.” The event also received good ratings for direct business transactions as Wu Song, Managing Director at Liugong, confirms: “The success of bauma CONEXPO INDIA is a reflection of the overall upturn and positive outlook of the Indian construction market. We sold several machines at the booth.” The construction machinery market in India is booming. Infrastructure and construction projects are benefiting from long-term support thanks to reforms passed by the Indian government. These are positive signs that are also reflected in the number of companies signing up for the next bauma CONEXPO INDIA. The event will take place from December 11 to 14. Due to the positive feedback from visitors and exhibitors, the trade fair will be held for the second time at the HUDA Ground in Gurgaon.

 

The event organizers are optimistic about the upcoming construction machinery trade fair: “Demand is high and we are pleased with the high level of interest. We already have 30 percent more space registered than for the previous event,” says Bhupinder Singh, CEO of bC Expo India. Well-known companies such as ACE, Case, Caterpillar, JCB, Kobelco, L&T, LiuGong, PERI, Putzmeister, Sany, Schwing Stetter, Volvo, Wirtgen and Zoomlion have not only registered to take part again but have also increased the floor space for their stands.

 

 

Familiar & new faces at

bauma CONEXPO INDIA

 

The event organizers are also thrilled to see the return of an industry giant: Terex, which last attended in 2014, will be back again. Other well-known companies such as DEUTZ Engines, Doka, Doosan Bobcat, eTrack Crushers (a Keestrack Group company), Hyundai and Manitou Equipment have also signed up for the event.

 

New faces to bauma CONEXPO INDIA include the German company Kaeser Kompressoren SE, a world-leading manufacturer and supplier of compressed air products and services, and India’s Tata Hitachi, a leading manufacturer of mining, construction and agricultural machinery.

 

The trade fair’s excellent reputation is not only attracting well-known companies from India but also exhibitors from across the globe. Various countries, including China, Germany, Spain and North America, will be represented on site with joint stands. More country pavilions are planned. The advantages of this centralized organization are that joint stands enable small and medium-sized companies to find cooperation partners, and provide help in gaining a foothold in this large market.

 

Award confirms trade fair’s importance as an outstanding B2B platform

 

For the third time, bauma CONEXPO INDIA has won an award from the Indian Exhibition Industry Association (IEIA) and The Economic Times. The construction machinery trade fair impressed the panel of judges in the “India’s Top B2B Exhibition” category.

 

 

Sustained growth forecast for India’s construction machinery market

 

Following an Off-Highway Research analysis (April 2018), India’s construction and mining industries in particular are expected to experience sustained growth through to 2022. ICEMA, the Indian Construction Equipment Manufacturers’ Association, also predicts a 10 percent growth rate for India’s gross domestic product by 2024. A major reason behind these promising trends are ambitious reforms passed by the Indian government that support infrastructure and construction projects. Well-known companies are responding to the positive trends of the Indian economy and have already registered for the event.

 

 

Buyer-Seller-Program

 

 

What is a buyer-seller-program?

 

The program is established by the trade show organizer for the first time this year and is a free of charge service. We collect all provided information of exhibitors (=seller) and potential visitors (=buyer) and evaluate the shared information. After evaluating and comparing the details, we schedule your meetings with your potential vendors, which take place during the show on-site at the buyer-seller-meeting point.

 

 

Indian construction market

 

India construction equipment market stood at around $ 3.2 billion in FY17 and is projected to grow at a CAGR of 6.8% during FY18-FY24 to cross $ 5.3 billion by FY24, on account of the country’s expanding construction industry. Moreover, rapid urbanization, increasing foreign investments and surging demand for customized equipment are few of the other major factors expected to boost demand for construction equipment in India in the coming years. Increasing number of public private partnerships and government initiatives such as smart city development projects would also aid the construction equipment market in India during forecast period. The recent increase in the number of construction activities around the globe leads to the path towards development. Development is a never-ending process, which is why there is always some form of construction going on somewhere. This, in turn, increases the demand for construction equipment, not only in terms of volume but also to innovate and evolve. Manufacturers are constantly innovating and bringing innovations to markets of all sizes and types. Additionally, mobility solutions have also been keeping pace as construction equipment continues to evolve.

 

 

 

Strong market growth for bulldozers

 

Off-Highway Research for example believes that the sale of bulldozers in India will increase by more than 25 percent over the next five years. According to the experts quite a few foreign companies managed to conquer significant market shares, competing with the domestic and dominating bulldozer manufacturer BEML. Also the real estate market—primarily housing—sends out positive signals: IBEF assumes that it will grow from an estimated $126 billion in 2015 to $180 billion in 2020.

 

In the Indian construction machinery market, crawler excavators and backhoe loaders remain a mainstay. According to IBEF these two types are expected to account for 68 percent of the units sold in 2018. With an increase of almost six percent over 2015, crawler excavators are estimated to yield the highest growth rate.

 

“JCB will present an exciting line up of machines at this year’s BC India. Our objective is to reinforce our position as a Full Range Infrastructure Equipment Partner by showcasing class leading product solutions which exhibit innovation in design, performance, efficiency and safety including Telematics.” Jasmeet Singh, Head - Corporate Communications & Corporate Relations, JCB India Ltd