Strong growth forecast in Indian dozer market.
Demand from road construction projects, mining and government defence spending is expected to drive up crawler dozer sales in India by more than 25 per cent over the next five years. Sales are expected to be a combination of both fleet replacement and expansion due to rising levels of activity.
Off-Highway Research’s latest report on the sector said, “The general atmosphere for the infrastructure development in the country is conducive for growth in construction and mining activities. There is an increased focus by the current government on infrastructure development which is monitoring all projects at the highest level to swiftly remove hindrances. The government is taking continuous initiatives to reform procedures and policies such as the Real Estate (Regulation and Development) Bill, environment, and forest clearances and land acquisition issues more efficiently.”
The dominant force in the Indian dozer market has historically been BEML, the country’s sole domestic manufacturer of this type of equipment. However, other suppliers such as Caterpillar and Komatsu have both carved out a reasonable market share. In addition, the buoyancy of the Indian market in recent years and the positive prospects have encouraged other OEMs to compete, with nine dozer suppliers vying for business last year.