EDITOR’ S DESK
Fluid Power applications included in MDA are integral part of construction equipments. There is hardly any construction equipment where Hydraulic Pumps and motors are not applied. Global usages of all type of construction equipment are on the rise. Therefore, overall field population of construction equipment is constantly moving skyward, as the demand for all types of Hydraulic Pumps Valves and Motors.
Over last two national Five-year plans, the growth in usage has been upward. This means more and more opportunity for MDA product market. The 11th five-year plan( 2007-12) accumulated $ 428 Billion construction equipment products sold in the Indian market.
The three yearly World’ s largest, construction equipment show( CONEXPO) just took place at Las Vegas, USA in March 2017, followed by the annual Bauma show at Shanghai, China.
India will be hosting the two-yearly construction equipment show, on Dec 12 thru 17, 2017 at Bangalore, hosted by the Confederation of Indian Industries( CII) and the Indian Construction Equipment Manufacturers Association( ICMEA). Numerous Fluid Power Product manufacturers will showcase the products and services in this trade show.
The Indian construction equipment market is growing constantly, to meet with the industrial growth and infrastructural improvements. Over last two national Fiveyear plans, the growth in usage has been upward. This means more and more opportunity for MDA product market. The 11th five-year plan( 2007-12) accumulated $ 428 Billion construction equipment products sold in the Indian market. This figure is likely to double in the current 12th five-year plan( 2012-17). Correspondingly, Hydraulic product user base market will grow massively.
The Bangalore construction equipment trade show is the largest of its kind in Asia. This year there are about 1000 + exhibitors participating in this event, with about 270 from abroad. There are about 12 different countries participating in 2017 trade show.
Construction equipment market in India grew by 30 % during Aug-Sept 2017, over last year similar period. About 68,000-construction equipment were sold in India, during fiscal 2017. This is continuously increasing the aftermarket Motion, Drive and Automation product opportunity in India.
We all are looking forward to the 2017 EXCON show.
Bi-Monthly Journal NOV-DEC 2017
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ASHOK KUMAR GUPTA
Managing Director / Editor ashok @ GHMediaBusiness. com
P. K. GUHA
Executive Director / Editor pkguha @ globalhydraulicsmedia. com