Factors Propelling Construction Equipment Segment

The long-term potential for India's construction equipment market seems to be very significant. Let's look at the factors which will make a difference...

If the numbers are any truth, then the Earthmoving and Construction Equipment market in India is expected to grow by 20 to 25 percent over the next few years to reach 330,000 to 450,000 units sold in 2020, from current levels of about 76,000 units. This would mean $16 billion to $21 billion market, up from today's $3 billion. Further, the sector is expected to be dominated by backhoe loaders, but broad-based growth is expected across products, with each segment expected to see double-digit growth. Thus, the construction equipment companies in India have all the reason to say Cheers!

Factors in the favour of growth of this equipment segment

Here is a list of six factors that will propel the industry forward in future:

· Demand from end-user industries: Demand from end users will continue to rise as a result of increased use of this equipment in traditional end-user industries, including construction and mining.

· Higher adoption in traditional applications: Increased use of this equipment in traditional applications such as digging and soil loading so as to increase the speed will propel the growth of the segment.

· Demand from new applicatio­­­­ns: Demand for this applications is also expected to grow in new segments such as agriculture which traditionally faced issued like lack of access.

· Growing urbanisation: Urbanisation will also drive the demand for construction activities and in turn this equipment segment so as to meet residential, commercial and infrastructure development needs.

· Increased affordability. New players entering the market will make competition stiffer, thereby, making this machine more affordable. This trend is supposed to deepen the markets to cover users with the machine needs and previously low access.

· Better availability of financing. More financing of this equipment will create wider use by encouraging users to opt for these machines.

Future challenges on the way

· Availability of skilled manpower: As the construction equipment industry will grow, the need for trained operators and mechanics will increase proportionately and this is likely to be a challenge for construction equipment companies in India.

· Stiff competition: The emergence of new construction equipment players in the coming years will make the competition stiff.

· Need for innovative solutions: With growing awareness, end-users will demand world-class technology for better fuel efficiency, higher productivity and profitability, thus, this equipment manufacturers will have to come up with innovative solutions to meet customer expectations.

· Resale of used equipment will be difficult: Since, the secondary market for used this equipment is not fully developed in India, the resale of used equipment will be a challenge for the construction equipment manufacturers in the country.

Despite these few challenges, the long-term potential for India's this equipment market seems to be very significant due to various factors propelling the growth of the segment. Foreseeing large construction activities underway, the construction equipment industry is set to see a boom in coming days. Construction of highways, railways, bridges, ports, residential and commercial building seems to be on the cards of the government and private players and hence, the construction equipment industry is expected to remain bullish about the long-term prospects.

Few Unbeatable Highlights of 3D and CAD

Highlights of 3D and CAD

For some time now, architectural visualization is in fashion. It refers to the technique with the help of which you can visualize your building structure, before its initiation. In simpler terms, it is the model of the house that the builders are going to build. This kind of model helps you to understand the design of your house. If you need to make any changes in the design or carry out anything of your choice, then such things can easily be done. The solution for this is the architectural simulations that are available in 3D. Let us understand how this industry is thriving on the 2 and 3 dimensional business model.

3D and CAD -

Being cost-effective, easy to carry out and efficient, 3 dimensional figures are quite popular in CAD. It can rightly depict the curves, space and surface of a figure. The mainstream application of CAD includes automotive, aerospace, architectural design and also shipbuilding industries. Even architectural visualization in Perth is also very renowned. This particular design was earlier based on programming languages. However, these days, computer aided design software hardly uses any hardware. With a graphical interface it can give wonderful results.

The CAD STORY -

The biggest advantage of computer designs is that, it helps you to develop ideas and also simulate them digitally by prototyping the creation. To commercialize products, the global market is increasingly using CAD. We all know that there is more appeal in visualization. Hence, marketing chiefs are capitalizing on this aspect. Several manufacturing businesses are inviting developers and designers to use the software and promote their products and services.

CAD Professionals & Industries

The Professionals who use this software range from architects, engineers to building owners and real estate managers. The industries that are highly in focus include:

1. Landscape design

2. Building Design

3. Bridge Construction

In this specific sector, accuracy is very important along with actionable insight.

There is a wide demand for these designs in certain product specific industries too. Some of them include:

1. Consumer products

2. Building products

3. Industrial machinery and equipment

Besides the above, the manufacturing and electrical sectors also make use of computer designs. The world of animation has also made great progress using this design software. Films, Television Shows have featured great effects with the help of digital designs. Even designers also develop games in a very compelling way. Lastly, we can say that, if you choose dimensional visualization, it will be only beneficial for you.