Mini equipment on a roll, says industry
In the mini-equipment space, after late June 2020, experts say, there has been a sudden rise in the sales of compact excavators, compactors, loaders, and other equipment segments, as manpower shortages owing to labour migration forced contractors to look at alternatives for quick completion of projects. Overall, the construction equipment industry witnessed 20% year-on-year volume growth in Q2FY21, followed by double digit growth in October and November 2020. Machines were even launched right in the middle of the pandemic. This article analyses how innovation will create new applications for the mini segment, while government investments will spur demand.
Overall, the construction equipment industry witnessed 20% year-on-year