Bright prospects for mobile cranes
01 Aug 2019
2 Min Read
CW Staff
Mobile cranes in India have come a long way since being pioneered by Escorts about 40 years ago.
Ajay Mandahr, CEO, Escorts Construction Equipment, reminisces that Escorts was the first to offer the Hydra range of cranes, which are capable of both lifting and carrying a load as against cranes that just lift and do not carry, and later introduced the Hi-PNC (new generation ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â) crane. On the back of the great success of ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â cranes, Escorts soon evolved into a leading player of mobile cranes globally.
Today, ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â cranes and truck cranes are typically considered to make up the mobile cranes segment, which has been buoyant in the past two years, according to Pradeep Sharma, President, Action Construction Equipment. In the last year alone, he notes that mobile crane sales crossed the 11,000 unit mark, the highest ever in terms of volume. Sharma expects the demand for mobile cranes to touch all-time highs in coming years.
Mandahr reckons the annual demand for mobile cranes exceeds 10,000 units and expects this class to grow at a CAGR of 15-18 per cent over the next five to six years. According to him, infrastructure development, spanning roads, railways, etc, is the major driver of the market. “Mobile cranes also find use in the defence, industrial, housing and port-handling sectors. In future, we expect the housing sector to emerge as the next big driver to further propel this segment.�
Urban infrastructure such as metro projects across Tier-I and Tier-II cities; freight corridor, airport expansion and modernisation; Swachh Bharat and smart city projects; elevated roads, advanced rail networks and the upcoming bullet train project; infrastructure development including roads (Bharatmala), flyovers and bridges; and refinery expansion are driving the demand for mobile cranes, says Sharma.
CHARU BAHRI
Mobile cranes in India have come a long way since being pioneered by Escorts about 40 years ago. Ajay Mandahr, CEO, Escorts Construction Equipment, reminisces that Escorts was the first to offer the Hydra range of cranes, which are capable of both lifting and carrying a load as against cranes that just lift and do not carry, and later introduced the Hi-PNC (new generation ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â) crane. On the back of the great success of ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â cranes, Escorts soon evolved into a leading player of mobile cranes globally.
Today, ±è¾±³¦°ì-‘nâ€�-³¦²¹°ù°ù²â cranes and truck cranes are typically considered to make up the mobile cranes segment, which has been buoyant in the past two years, according to Pradeep Sharma, President, Action Construction Equipment. In the last year alone, he notes that mobile crane sales crossed the 11,000 unit mark, the highest ever in terms of volume. Sharma expects the demand for mobile cranes to touch all-time highs in coming years.
Mandahr reckons the annual demand for mobile cranes exceeds 10,000 units and expects this class to grow at a CAGR of 15-18 per cent over the next five to six years. According to him, infrastructure development, spanning roads, railways, etc, is the major driver of the market. “Mobile cranes also find use in the defence, industrial, housing and port-handling sectors. In future, we expect the housing sector to emerge as the next big driver to further propel this segment.�
Urban infrastructure such as metro projects across Tier-I and Tier-II cities; freight corridor, airport expansion and modernisation; Swachh Bharat and smart city projects; elevated roads, advanced rail networks and the upcoming bullet train project; infrastructure development including roads (Bharatmala), flyovers and bridges; and refinery expansion are driving the demand for mobile cranes, says Sharma.
CHARU BAHRI
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States� share of global activity below 15 per cent. Meanwhile, in..
